VANCOUVER, BC, March 25, 2021 /CNW/ - Reconnaissance Energy Africa Ltd. reports on warrants exercises and issues Chapter 2 of The Voices of Kavango. The Company is pleased to announce that it has completed the early expiration program with respect to common share purchase warrants issued on August 20, 2020 , adding approximately C$34.3 million to the Company's balance sheet. As announced on February 10, 2021, ReconAfrica [...]
Reconnaissance Energy Africa Ltd. announces that Doug Allen, Senior Vice President, Investor Relations, has retired from the Company effective March 19, 2021. "On behalf of ReconAfrica, I would like to thank Doug for his contributions to the Company and we wish him all the best in his retirement and future endeavors" said Scot Evans, Chief Executive Officer. ReconAfrica is a junior, Canadian oil and gas company engaged in [...]
Reconnaissance Energy Africa Ltd. issues a reminder that the outstanding common share purchase warrants issued on August 20, 2020 will expire on March 18, 2021 as announced on February 10, 2021. Any Warrants that have not been exercised by 1:30 p.m. on March 18, 2021 will automatically be cancelled. The Warrants, which are publicly listed on the TSX Venture Exchange under the symbol "RECO.WT", will be delisted before the [...]
Reconnaissance Energy Africa Ltd. is pleased to both provide an update on drilling operations in the Kavango sedimentary basin in the Kalahari Desert of North East Namibia and announce that it has qualified as the Canadian TSX Venture 50 Exchanges 2021 top performing energy company. Drilling Operations As announced on January 11, 2021, the Company commenced drilling operations on the first well , of an initial three well [...]
Reconnaissance Energy Africa Ltd. is pleased to announce that Mark Gerlitz has joined the Board of Directors of the Company. Mark Gerlitz is the Principal of Canadian based MonteLago Consulting which provides advisory services to the International Energy Industry. Mr. Gerlitz has over 20 years' experience advising States, national energy companies and international energy companies across the entire energy value chain [...]
Warrant Acceleration May Result in Gross Proceeds to The Company of Up to $33 Million, Including Previously Exercised Listed Warrants Feb. 10, 2021 /CNW/ - Reconnaissance Energy Africa Ltd. announces it has elected to accelerate the expiry date of the common share purchase warrants issued on August 20, 2020 under the warrant indenture between Computershare Trust Company of Canada and the Company dated August 20, 2020 [...]
FN Media Group Presents Oilprice.com Market Commentary A three-well drill campaign has just been launched by a small-cap explorer in a massive Permian basin that could end up being the next major conventional onshore oil discovery in the world. And everyone's watching as many names in the oil industry and resource assessment gather around Reconnaissance Energy . Mentioned in today's commentary includes: [...]
Reconnaissance Energy Africa Ltd. is pleased to announce that it has retained Proconsul Capital Ltd. to provide investor relations services to the Company pursuant to a consulting agreement . Under the Agreement, the Company will retain Proconsul for an initial term of six months. After the completion of the initial six month term, the Agreement shall automatically renew on a month to month basis, unless otherwise [...]
VANCOUVER, BC, Jan. 18, 2021 /CNW/ - Reconnaissance Energy Africa Ltd. is pleased to announce that, it has commenced the permitting process for the acquisition of 450 kilometers of 2D seismic data in the deep Kavango Basin in the Kalahari Desert of North East Namibia. To execute the program, the Company has contracted Polaris Natural Resources Inc, based in Calgary, Alberta, Canada. Seismic Operations As a result of a [...]
Reconnaissance Energy Africa Ltd. is pleased to announce, it has commenced drilling operations on the first well , of an initial three well program, in the deep Kavango Basin in the Kalahari Desert of North East Namibia. Drilling Operations With the Company owned and operated 1,000 HP rig , we are now drilling ahead to a planned 12,500 feet total depth to evaluate potential hydrocarbon systems in one of five major [...]
Reconnaissance Energy Africa Ltd. announces that, pursuant to the Company's stock option plan, it has granted to consultants and employees of the Company options to purchase an aggregate of 825,000 common shares of the Company at a price of C$2.19 per share. 350,000 options will expire three years from the date of grant and 475,000 will expire five years from the date of grant. ReconAfrica is a junior oil and gas company [...]
Wood MacKenzie Study of the Kavango Basin Now Available Reconnaissance Energy Africa Ltd.. is pleased to provide the following updates: Exploration License 001/2020 ReconAfrica recognizes and accepts the importance of pertinent cultural and historical sites. As such the Tsodilo Hills, located in north-west Botswana near the Namibian Border, an UNESCO World Heritage Site, has always been recognized by our Company, as a [...]