Reconnaissance Energy Africa named oil and gas top pick by Research Capital analysts
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) has been named a top oil and gas pick for 2026 by analysts at Research Capital, who cited the company's high-risk, high-reward profile ahead of a pivotal production test. ReconAfrica is advancing projects in Namibia and Gabon, offering a combination of frontier exploration upside and lower-risk development potential.
Reconnaissance Energy Africa provides year-end update, prepares for Kavango West 1X production testing
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) has shared a year-end operational update, outlining progress across its exploration portfolio in Namibia, Angola and Gabon, with several technical and operational milestones expected in 2026. The company said that 2025 was marked by portfolio expansion and continued exploration activity, including drilling success in Namibia's Damara Fold Belt, entry into onshore Angola and the addition of an offshore position in Gabon.
Reconnaissance Energy Africa testing identifies hydrocarbon pay at Kavango West 1X well in Namibia
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) announced that drilling at its Kavango West 1X well on Petroleum Exploration Licence (PEL) 73 in onshore Namibia encountered hydrocarbon pay in the Otavi reservoir section. The well encountered approximately 400 metres (1,300 feet) of gross hydrocarbon section, including 64 net metres (210 feet) of hydrocarbon pay.
Reconnaissance Energy Africa extends drilling depth at Kavango West 1X well due to ‘encouraging' presence of hydrocarbons
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) announced that the Kavango West 1X exploration well in Namibia has been drilled safely and efficiently to a current depth of 4,158 metres (m), which is deeper than the originally planned total depth of 3,800m. The Canadian oil and gas company said it applied for and received approval to drill to about 4,200m based on the encouraging presence of hydrocarbons.
ReconAfrica raises C$20.4m in share and warrant offering
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) has closed a C$20.4 million underwritten offering, giving the Canadian oil and gas explorer fresh funding for drilling and exploration in Africa. The Calgary-based company, known as ReconAfrica, sold units priced at C$0.60 each.
Reconnaissance Energy Africa upsizes offering to C$18M on strong investor demand
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) has increased the size of its previously announced public offering from C$10 million to C$18 million, citing strong investor demand. The offering is led by Research Capital Corporation as the sole bookrunner, with Canaccord Genuity and Haywood Securities participating as underwriters.
Reconnaissance Energy Africa files Q2 results as drilling remains on schedule in Namibia
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) announced that it has filed its second quarter results and provided an update on its ongoing exploration program in Namibia. The company said it has filed its unaudited consolidated financial statements and Management's Discussion and Analysis on SEDAR+.
ReconAfrica CEO talks Namibia drilling plans – ICYMI
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) CEO Brian Reinsborough talked with Proactive about the company's latest operational milestone in Namibia. Reinsborough confirmed that ReconAfrica has officially spudded the Kavango well on July 31st, as previously communicated to the market.
Reconnaissance Energy Africa spuds Kavango West 1X exploration well in Namibia
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) announced that drilling has commenced at the Kavango West 1X exploration well in Namibia. The Kavango West 1X exploration well, also referred to as Prospect I, was spud on July 31.
Reconnaissance Energy Africa prepares to spud Kavango West 1X well in Namibia
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) announced it will spud its Kavango West 1X exploration well in Namibia before the end of July, targeting over 1,500 metres of Otavi carbonate reservoir in the Damara Fold Belt. The well is expected to reach a total depth of approximately 3,800 metres (12,500 feet).
Reconnaissance Energy Africa upsizes fundraising, preparations underway for Kavango West 1X well drilling - ICYMI
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) CEO Brian Reinsborough talked with Proactive about the successful closing of a C$19 million offering, significantly upsized from the initial C$10 million target due to strong investor demand. Reinsborough emphasized that the raise reflects confidence in the company's renewed strategy and leadership, with support coming from long-time shareholders, management, directors, and institutional investors, including partner BW Energy.
ReconAfrica raises C$19M in upsized equity offering to fund drilling in Namibia
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) has closed a C$19 million upsized public offering of units, including the full exercise of the over-allotment option, to fund upcoming exploration activities in Namibia's Kavango Basin. Proceeds will be used to drill the Kavango West 1X exploration well—ReconAfrica's second test of the Damara Fold Belt play in northeastern Namibia.
