Reconnaissance Energy Africa Ltd.

Reconnaissance Energy Africa Ltd. announces that, further to its announcements on July 16, 2024 and July 30, 2024, it has completed the farm down agreement with BW Energy Limited . The sale of a 20% working interest in Petroleum Exploration Licence 73 , in northeast Namibia, has been approved by the Namibian Ministry of Mines and Energy and Namcor Exploration and Production Ltd . The working interests in PEL 73 are now [...]

Reconnaissance Energy Africa Ltd. announces a change of financial year-end. Change in Financial Year-End ReconAfrica, a reporting issuer, is changing its financial year-end from March 31 to December 31. The change in financial year-end has been made to align with industry peers. Further details regarding the change in financial year-end, including the Company's length and ending dates of the Company's financial reporting [...]

Reconnaissance Energy Africa Ltd. announces that it has reached total depth of 4,184 metres on the Naingopo exploration well on Petroleum Exploration Licence 073 , onshore Namibia. Brian Reinsborough, President and CEO of the Company stated: "We are excited to have completed the drilling operations on the Naingopo exploration well, drilling beyond our original projected TD of 3,800 metres. The Naingopo well is the first [...]

Reconnaissance Energy Africa Ltd. announces an operational update with respect to its exploration activities on Petroleum Exploration Licence 073 , onshore Namibia, the appointment of directors and the filing of its financial results for the quarter ended September 30, 2024. Highlights Spud the Naingopo exploration well in the Damara Fold Belt on July 7, 2024. The well is currently drilling at a depth of 4,000 metres [...]

Reconnaissance Energy Africa Ltd. announces the dual-listing on the Namibian Stock Exchange , the renewal of Petroleum Exploration Licence 001 onshore Botswana, and an operational update with respect to its exploration activities on Petroleum Exploration Licence 073 , onshore Namibia. Brian Reinsborough, President and CEO of the Company stated: "We are excited to be the first publicly traded oil and gas company listed on [...]

Reconnaissance Energy Africa Ltd. announces an operations update with respect to activities on Petroleum Exploration Licence 073 , onshore Namibia and the appointment of Gitane De Silva as Senior Vice President ESG, Communications & Stakeholder Relations. Brian Reinsborough, President and CEO of the Company stated: "We continue to make progress on the drilling of the Naingopo exploration well on PEL 73 onshore Namibia. We [...]

Reconnaissance Energy Africa Ltd. announces an operational update, the filing of its financial results for the quarter ended June 30, 2024 and the release of the Company's first Sustainability Report. HIGHLIGHTS Spud the Naingopo exploration well, which is currently drilling at a depth past 2,400 metres or 7,875 feet. All primary objectives are below the current drilling depth. Entered into a definitive farm down [...]

Reconnaissance Energy Africa Ltd. provides disclosure of incentive stock option grants. Stock Option Grants The Company announces that it has granted incentive stock options to certain directors and officers of the Company to acquire an aggregate of 3,825,000 common shares in the capital of the Company at an exercise price of $1.40 per share in accordance with the Company's Stock Option Plan. The Options are exercisable [...]

Reconnaissance Energy Africa Ltd. , announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 , onshore northeast Namibia. Brian Reinsborough, President and CEO commented: "With the Company funded for our multi-well exploration program and the joint venture agreement in place with BW Energy, focus returns to operations associated with the Naingopo exploration well and other [...]

Reconnaissance Energy Africa Ltd. is pleased to announce that it has completed its previously announced C$35 million underwritten public offering of units of the Company at a price of C$1.25 per Unit, and together with the partial exercise of the over-allotment option, for aggregate gross proceeds of approximately C$38.8 million. BW Energy Limited participated in the Offering by way of a strategic equity investment in the [...]