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.
ReconAfrica upsizes public offering to C$16.5M on strong investor demand
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) has announced an increase in the size of its underwritten public offering to C$16.5 million due to strong investor demand. The offering, originally launched as an overnight marketed deal, will now consist of 33 million units priced at C$0.50 per unit.
ReconAfrica launches C$10M equity offering backed by BW Energy, insiders
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) (ReconAfrica) revealed plans to raise C$10 million through an overnight marketed public offering of units to fund drilling of its high-potential Kavango West 1X exploration well in Namibia. "We are excited to spud one of the company's largest and most attractive prospects, Kavango West 1X,” said Brian Reinsborough, President and CEO of ReconAfrica.
ReconAfrica appoints new IR head, eyes warrant extension
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) has appointed Mark Friesen as Managing director of investor relations and capital markets. Friesen, based in Calgary, brings over two decades of energy finance and IR experience, including prior roles at Kiwetinohk Energy, Murphy Oil, and BMO.
Reconnaissance Energy Africa hails transformational 2024 with key farm down deal and drilling milestones
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF) CEO Brian Reinsborough has reflected on “another transformational year” for the company in 2024 along with the filing of its annual financial statements for the period. Reinsborough highlighted the completion of the company's agreement with BW Energy Ltd for a 20% farm down of Petroleum Exploration License (PEL) 73 as a significant milestone.
