ReconAfrica raises C$21.85M to fund Namibia sidetrack drilling
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said it plans to use proceeds from its newly closed C$21.85 million bought-deal offering to fund an open-hole horizontal sidetrack and production testing program targeting Namibia's Huttenberg and Elandshoek formations. The company sold nearly 30 million units at C$0.73 per unit, including the full exercise of an over-allotment option.
ReconAfrica upsizes bought-deal offering to C$19M for Namibia program
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said it will use the net proceeds from an upsized C$19 mllion bought-deal financing to fund an open-hole horizontal sidetrack and production testing program targeting the Huttenberg and Elandshoek formations, along with general corporate purposes and working capital. The company has entered into an amended agreement with Research Capital Corporation as sole bookrunner and lead underwriter, on behalf of a syndicate including Canaccord Genuity (TSX:CF, LSE:CF) Corp.
Reconnaissance Energy Africa reports progress across Namibia, Gabon and Angola operations during Q2
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) has reported continued progress across its exploration and production testing activities in Namibia, Gabon and Angola during the second quarter of 2026, while ending the period with $24.2 million in cash. The company said that it continued production testing at the KW1X well in onshore Namibia, with downhole testing beginning in early June.
ReconAfrica flows gas from second Huttenberg zone, moves to horizontal test
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said preliminary testing at its Kavango West 1X discovery well flowed natural gas and potential liquids to surface from the Huttenberg formation, completing vertical production testing and clearing the way for an open-hole horizontal test. The company, along with partners BW Energy and the National Petroleum Corporation of Namibia, said the uppermost Huttenberg zone flowed gas and potential liquid content to surface immediately upon perforation, ahead of any acid stimulation.
Reconnaissance Energy Africa CEO discusses first hydrocarbon test success - ICYMI
Reconnaissance Energy Africa earlier this week announced the successful production of the first onshore hydrocarbons in Namibia during testing at its Kavango well, marking an important milestone for both the company and the country's emerging onshore petroleum sector. Speaking with Proactive, chief executive Brian Reinsborough said the achievement represented an encouraging validation of the company's exploration model.
Reconnaissance Energy Africa reports initial hydrocarbon production at Kavango West 1X
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) has reported preliminary production testing results from its Kavango West 1X discovery well in Namibia, saying it successfully produced hydrocarbons to the surface from the Elandshoek formation and has now begun preparations to test the overlying Huttenberg formation. The company said testing of the three lowest zones in the Elandshoek formation, which began on June 8, produced natural gas to the surface during three separate flow tests in the uppermost zone.
ReconAfrica starts first production test – ICYMI
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) earlier this week announced the start of production testing at its Kavango Discovery in Namibia, marking a significant milestone in the company's efforts to evaluate what management believes could become an important new hydrocarbon play in the country. Speaking with Proactive, chief executive Brian Reinsborough said the testing programme follows years of exploration work and de-risking activity in the Kavango West area of the Damara Fold Belt.
ReconAfrica begins production testing at Kavango West 1X in Namibia
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) and partners NAMCOR and BW Energy have started production testing operations at the Kavango West 1X well in Namibia, marking what the company calls the first cased production test in the country. The test will evaluate six zones totalling 420 metres of hydrocarbon-bearing rock across two formations.
Reconnaissance Energy Africa advances Namibia testing program, files Q1 results
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) told investors that production testing at its Kavango West 1X (KW1X) discovery well in Namibia is on track to begin before the end of May, marking a key next step as the company advances appraisal plans in the Kavango Basin. Alongside filing its first quarter 2026 financial statements and management discussion and analysis, the company said preparations for downhole production testing are advancing, with equipment, trucks and crews arriving at the site and required permits secured from regulatory authorities for both ReconAfrica and its service providers.
Reconnaissance Energy Africa expects Kavango West 1X production testing to begin by month-end
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) announced that operations in Namibia are advancing toward the start of production testing at the Kavango West 1X well, with testing expected to begin before the end of May. The company, along with partners NAMCOR and BW Energy, said equipment and services for the downhole testing program have been arriving on site from both Namibian and international suppliers.
ReconAfrica advances Namibia discovery toward appraisal, expands Africa footprint
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said it expects to complete production testing at its Kavango West 1X discovery in Namibia by the end of June, a key milestone that could underpin a potential development decision as the company accelerates exploration across southern and West Africa. The oil and gas explorer said optimized zone production testing at the discovery well is set to begin in early-to-mid May, with six hydrocarbon-bearing zones to be evaluated sequentially over roughly 420 metres of reservoir.
ReconAfrica CEO talks Kavango West test plans - ICYMI
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) earlier this week provided an operational update outlining progress across its Namibia and Gabon assets, with several near-term catalysts expected to shape the company's trajectory. Chief executive Brian Reinsborough said the company is preparing to commence production testing at the Kavango West well in Namibia, targeting a late April or early May start.
