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Reconnaissance Energy Africa Ltd. (RECAF)

Market Closed
27 Jul, 20:00
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0. 57
-0.01
-1.9064%
$
211.83M Market Cap
- P/E Ratio
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159,121 Volume
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$ 0.58
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0.56 0.6
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Reconnaissance Energy Africa CEO discusses first hydrocarbon test success - ICYMI

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.

Proactiveinvestors | 2 days ago
Reconnaissance Energy Africa reports initial hydrocarbon production at Kavango West 1X

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.

Proactiveinvestors | 1 week ago
ReconAfrica starts first production test – ICYMI

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.

Proactiveinvestors | 1 month ago
ReconAfrica begins production testing at Kavango West 1X in Namibia

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.

Proactiveinvestors | 1 month ago
Reconnaissance Energy Africa advances Namibia testing program, files Q1 results

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.

Proactiveinvestors | 2 months ago
Reconnaissance Energy Africa expects Kavango West 1X production testing to begin by month-end

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.

Proactiveinvestors | 2 months ago
ReconAfrica advances Namibia discovery toward appraisal, expands Africa footprint

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.

Proactiveinvestors | 3 months ago
ReconAfrica CEO talks Kavango West test plans - ICYMI

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.

Proactiveinvestors | 3 months ago
ReconAfrica begins testing at Namibia discovery, advances Gabon work program

ReconAfrica begins testing at Namibia discovery, advances Gabon work program

Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said on Thursday it has begun production testing at its Kavango West 1X discovery well in Namibia, while advancing seismic work and appraisal planning on its offshore Ngulu block in Gabon as part of a catalyst-rich 2026 program. The oil and gas explorer said it has received all regulatory permits required to proceed with testing at Kavango West, with crews now on site preparing the well.

Proactiveinvestors | 4 months ago
Reconnaissance Energy Africa raises $36M for 2026 work program - ICYMI

Reconnaissance Energy Africa raises $36M for 2026 work program - ICYMI

Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) CEO Brian Reinsborough talked with Proactive about the company's oversubscribed $36 million financing, which sets the stage for its 2026 operations across three key African jurisdictions. Reinsborough noted that the offering, originally targeted at $20 million, saw significant institutional interest, leading to an expansion and over-allocation.

Proactiveinvestors | 6 months ago
ReconAfrica raises C$36.8M in underwritten equity offering

ReconAfrica raises C$36.8M in underwritten equity offering

Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said on Monday it has raised C$36.8 million ($27.2 million) after completing an underwritten equity offering, including the full exercise of an over-allotment option. The Canada-listed oil and gas explorer issued 38.7 million units at C$0.95 each, with each unit consisting of one common share and one-half of a common share purchase warrant, the company said.

Proactiveinvestors | 6 months ago
ReconAfrica launches C$20M financing to fast-track Kavango, Angola and Gabon programs

ReconAfrica launches C$20M financing to fast-track Kavango, Angola and Gabon programs

Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) announced a C$20 million overnight marketed private placement to fund a broad 2026 capital program spanning Namibia, Angola and offshore Gabon. The offering, priced at C$0.95 per unit, comprises one common share and one-half of a common share purchase warrant, with each full warrant exercisable at C$1.20 for up to 36 months.

Proactiveinvestors | 6 months ago
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