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.
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.
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.
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.
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.
