Reconnaissance Energy Africa Ltd. (RECO)
NEO-L 
Summary
RECO Chart
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.
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Reconnaissance Energy Africa Ltd. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Brian C. Reinsborough CEO | NEO-L Exchange | CA75624R1082 ISIN |
| CA Country | 28 Employees | - Last Dividend | 6 Sep 2019 Last Split | - IPO Date |
Overview
Reconnaissance Energy Africa Ltd. operates as a junior oil and gas company primarily focused on the exploration and development of oil and gas resources in Namibia and Botswana. The company, strategically headquartered in Vancouver, Canada, has positioned itself as a significant player in the energy sector by securing substantial exploration licenses in both countries. In Namibia, it holds a 90% interest in a vast petroleum exploration license that spans approximately 25,341.33 square kilometers. Meanwhile, in Botswana, Reconnaissance Energy Africa Ltd. exercises total control with a 100% working interest in a petroleum license covering an area of around 8,990 square kilometers in the northwestern part of the country. This geographic diversification across two promising regions in Africa underscores the company's ambitious strategy to explore and potentially exploit oil and gas reserves within these territories.
Products and Services
- Petroleum Exploration in Namibia
Reconnaissance Energy Africa Ltd. has established a significant presence in Namibia through a petroleum exploration license covering over 25,341.33 square kilometers. This license allows the company to conduct comprehensive exploration activities aimed at identifying and assessing potential oil and gas deposits within this vast area. The strategic focus on Namibia capitalizes on the country's underexplored oil and gas potential, positioning the company to potentially unlock significant energy resources.
- Petroleum Exploration in Botswana
In Botswana, the company exercises a 100% working interest in a petroleum exploration license that spans 8,990 square kilometers in the northwestern region. This license empowers Reconnaissance Energy Africa Ltd. to lead exploration efforts within the licensed area, focusing on discovering and developing oil and gas resources. Botswana's emerging status as a potential oil and gas producer adds strategic value to the company's operations, offering avenues for growth and development in the energy sector.
