RECO.V - Reconnaissance Energy Africa Ltd.

TSXV - TSXV Delayed Price. Currency in CAD
0.8500
+0.0100 (+1.19%)
At close: 3:59PM EDT
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Previous Close0.8400
Open0.8400
Bid0.8400 x N/A
Ask0.8500 x N/A
Day's Range0.8400 - 0.8500
52 Week Range0.1300 - 0.9300
Volume67,350
Avg. Volume122,333
Market Cap60.436M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.1120
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • ReconAfrica Appoints Doug Allen as Senior Vice President Investor Relations
    CNW Group

    ReconAfrica Appoints Doug Allen as Senior Vice President Investor Relations

    VANCOUVER, BC , July 8, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the " Company" or " ReconAfrica") (RECO.V) (RECAF) (0XD.F) is pleased to announce the appointment of Mr. Doug Allen as Senior Vice President, Investor Relations. Doug Allen brings more than 38 years-experience in the financial services and financial communications industries to ReconAfrica. As the Company is set to commence the first drilling program in the newly discovered Kavango sedimentary basin in Namibia and Botswana later this year, Doug will be responsible for the management of the Company's communications with the buy-side, sell-side and media.

  • ReconAfrica Completes Technical Evaluation of the Conventional Structures Throughout the Entire Kavango Basin, Namibia & Botswana
    CNW Group

    ReconAfrica Completes Technical Evaluation of the Conventional Structures Throughout the Entire Kavango Basin, Namibia & Botswana

    VANCOUVER, BC , July 7, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (RECO.V) (RECAF) (0XD.F) is pleased to announce the Company has completed a comprehensive subsurface evaluation delineating large scale, prospective conventional hydrocarbon bearing structures, throughout the entire Kavango Basin. The primary objective of ReconAfrica's initial three well drilling program, scheduled for Q4 of 2020, is to confirm a thick, active, petroleum system throughout the deep Kavango basin. Specifically, the wells are designed to test organic rich shales and more shallow conventional structures throughout the sedimentary basin.

  • ReconAfrica Appoints Mr. Nick Steinsberger as Senior Vice President, Drilling and Completions
    CNW Group

    ReconAfrica Appoints Mr. Nick Steinsberger as Senior Vice President, Drilling and Completions

    VANCOUVER, BC, June 25, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV:RECO.V - News) (OTC:RECAF - News) (Frankfurt: 0XD) is pleased to announce, in preparation for the upcoming drilling program in the Kavango Basin, the appointment of Mr. Nick Steinsberger as Senior Vice President, Drilling and Completions. Nick Steinsberger brings 32 years' experience in petroleum engineering, drilling and completions, production, and surface facilities to ReconAfrica as the Company commences the first drilling program in the newly discovered Kavango sedimentary basin, in Namibia and Botswana.

  • ReconAfrica Announces a New Petroleum Licence Covering the Eastern Extension of the Deep Kavango Basin & Farm-Out Option Agreement
    CNW Group

    ReconAfrica Announces a New Petroleum Licence Covering the Eastern Extension of the Deep Kavango Basin & Farm-Out Option Agreement

    VANCOUVER, BC , June 11, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the " Company" or " ReconAfrica") (RECO.V) (RECAF) (0XD.F) is pleased to announce it has been granted a petroleum licence in northwestern Botswana for 2.45 million acres (9,921 km2) (the "Licence") and has entered into a farm-out option agreement on these lands. The Botswana lands are contiguous to the Company's 6.3 million acre petroleum licence in northeast Namibia . As a result of acquiring and interpreting additional tight grid regional aeromagnetic data, ReconAfrica feels it has definitively established the eastern boundary of the Kavango basin, where a deep and high potential section of the basin extends from northeast Namibia into northwest Botswana .

  • ReconAfrica Reports First Quarter 2020 Results
    CNW Group

    ReconAfrica Reports First Quarter 2020 Results

    VANCOUVER, May 29, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V:RECO.V - News) (OTC:RECAF - News) (Frankfurt: 0XD) reports its first quarter 2020 results. The unaudited condensed interim consolidated financial statements and management discussion and analysis for the three months ended March 31, 2020 will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and on ReconAfrica's website at www.reconafrica.com. All dollar figures are in Canadian Dollars, unless otherwise noted.

  • ReconAfrica Operations Update During COVID-19
    CNW Group

    ReconAfrica Operations Update During COVID-19

    VANCOUVER , May 26, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the " Company" or " ReconAfrica") (RECO.V) (RECAF) (0XD.F) is pleased to provide an operational update. This operations report is to announce operational activities and plans arising from changes to coronavirus-related restrictions in Namibia. Following the Namibian government's announcement that the country will begin to gradually reopen from Tuesday, May 5 , domestic travel is now permitted within the country.

  • ReconAfrica Provides Operations Update and Appoints Scot Evans, Former VP of Halliburton, as Chief Operating Officer
    CNW Group

    ReconAfrica Provides Operations Update and Appoints Scot Evans, Former VP of Halliburton, as Chief Operating Officer

    VANCOUVER, April 30, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V:RECO.V - News) (OTC:RECAF - News) (Frankfurt: 0XD) provides an operational update. Due to the Covid-19 pandemic, the Company has postponed spudding the first well of its initial three well drilling program, originally scheduled by June 30, 2020. Travel and logistical restrictions arising from Covid-19 currently prevent the movement of personnel and materials to Namibia.

  • ReconAfrica Report 2019 Annual Results
    CNW Group

    ReconAfrica Report 2019 Annual Results

    VANCOUVER , April 28, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V: RECO) (OTC: RECAF) (Frankfurt : 0XD) reports its fourth quarter and full ...

  • ReconAfrica Announces John Boudreaux, Formerly with Halliburton, Joins the Company; and Company Enters into Agreement with Torrey Hills Capital
    CNW Group

    ReconAfrica Announces John Boudreaux, Formerly with Halliburton, Joins the Company; and Company Enters into Agreement with Torrey Hills Capital

    VANCOUVER , Feb. 24, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (RECO.V) (LGDOF) (0XD.F) is pleased to announce John Boudreaux has joined ReconAfrica as Logistics and Procurement Manager for the Company's upcoming drilling operations in the Kavango basin. John Boudreaux is an expert on procurement for integrated project management. During his 33 year career with Halliburton Energy Services, John rose to the level of Senior Manager, Procurement & Materials, where he played a leading role in > $1 Billion of tenders for turnkey oil and gas projects, with specific focus on executing international drilling ventures.

  • ReconAfrica Appoints Former BP Geophysicist, Shiraz Dhanani, to the Board of Directors
    CNW Group

    ReconAfrica Appoints Former BP Geophysicist, Shiraz Dhanani, to the Board of Directors

    VANCOUVER , Feb. 18, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (RECO.V) (LGDOF) (0XD.F) is pleased to announce Shiraz Dhanani has joined the Board of Directors of the Company. Shiraz Dhanani's expertise is concentrated in new country access, initiating new field oil and natural gas plays, project and executive management, with a strong focus in Africa . While at BP, Shiraz was the Technical Director of BP in Libya where he played an integral role in negotiating a multi-billion dollar exploration and appraisal contract comprising 54,000 square kilometres (over 13,000,000 acres) in the Libyan onshore Ghadames basin and deep offshore Sirt basins.

  • ABN Newswire

    ReconAfrica (VAN:RECO) (OTCMKTS:LGDOF) Acquires Drill Rig for the Company's Kavango Basin, Namibia Program

    Malibu, CA, United States, Feb 18, 2020 - (ABN Newswire) - Join Ellis Martin for a conversation with Geologist and Manager of Operations Scot Evans of ReconAfrica trading (VAN:RECO) (OTCMKTS:LGDOF). Mr. ...

  • GlobeNewswire

    ReconAfrica Announces Completion of Private Placement

    Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (RECO.V) (LGDOF) (0XD.F) is pleased to announce that it has completed its previously announced non-brokered private placement financing (the “Private Placement”) through the issuance of 5,000,000 units (each, a “Unit”) of the Company at $0.68 per Unit for aggregate gross proceeds of $3,400,000. Each Unit is comprised of one common share of the Company and one common share purchase warrant (each, a “Warrant”), with each Warrant being exercisable into one common share of the Company at an exercise price of $1.00 per share until February 4, 2025.

  • ReconAfrica Announces the Acquisition of a Modern Drilling Rig to Execute the Company's Kavango Basin, Namibia Drilling Program
    CNW Group

    ReconAfrica Announces the Acquisition of a Modern Drilling Rig to Execute the Company's Kavango Basin, Namibia Drilling Program

    VANCOUVER , Feb. 4, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (RECO.V) (LGDOF) (0XD.F) is pleased to announce it has entered into a binding Asset Purchase Agreement with Henderson Rigs ( Houston ) for the acquisition of a Crown 750 drilling rig. The initial cost of the rig is US$1.8 million of which the Company has provided Henderson Rigs with a non-refundable deposit of US$450,000 with the balance of US$1.35 million payable on or before February 10, 2020 . Shortly thereafter, Henderson Rigs will outfit the Crown 750 with a best-in-class top drive system (for faster drilling rates) and ancillary equipment to acclimate the rig for drilling in the Kalahari Desert.

  • ReconAfrica Announces Upsizing of Previously Announced Non-Brokered Private Placement
    CNW Group

    ReconAfrica Announces Upsizing of Previously Announced Non-Brokered Private Placement

    VANCOUVER, Jan. 28, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V:RECO.V - News) (OTC:LGDOF - News) (Frankfurt: 0XD) announces that, due to high investor demand, it has agreed, subject to the approval of the TSX Venture Exchange (the "Exchange"), to increase the size of its previously announced non-brokered private placement financing (the "Private Placement") from C$2M to C$3.4M. The Company now proposes to issue up to 5,000,000 units (each a "Unit") of the Company at C$0.68 per Unit raising gross proceeds of up to C$3,400,000.

  • Baystreet

    Stocks in play: Reconnaissance Energy Africa Ltd.

    Will undertake a non-brokered private placement of up to 2,941,176 units of the Company at a price of ...

  • ReconAfrica Announces C$2 Million Non-Brokered Private Placement
    CNW Group

    ReconAfrica Announces C$2 Million Non-Brokered Private Placement

    VANCOUVER , Jan. 22, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the " Company" or " ReconAfrica") (RECO.V) (LGDOF) (0XD.F) is pleased to announce that, subject to approval from the TSX Venture Exchange, it will undertake a non-brokered private placement of up to 2,941,176 units (each, a "Unit") of the Company at a price of $0.68 per Unit for aggregate gross proceeds to the Company of up to $2,000,000 . Each Unit comprises one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant").

  • ReconAfrica Provides Response to IIROC Request
    CNW Group

    ReconAfrica Provides Response to IIROC Request

    VANCOUVER, Jan. 17, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V:RECO.V - News) (OTC:LGDOF - News) (Frankfurt: 0XD), at the request of the Investment Industry Regulatory Organization of Canada ("IIROC"), announces that, on January 14, 2020, the Goldherz Report, a German investment publication, published a Company-sponsored article in the German language which provides a corporate overview of the Company and reports on its activities in northeast Namibia to date. A copy of the original German article is posted on the Goldherz Report website (Link: https://www.goldherzreport.de/sonderausgabe-nr12020). The Company has posted an English translation of the original German article on its corporate website (Link: www.reconafrica.com).

  • ReconAfrica Announces New Chief Financial Officer and Corporate Secretary
    CNW Group

    ReconAfrica Announces New Chief Financial Officer and Corporate Secretary

    VANCOUVER, Jan. 15, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V:RECO.V - News) (OTC:LGDOF - News) (Frankfurt: 0XD) advises that Carlos Escribano  has been appointed as Chief Financial Officer and Anna Tudela has been appointed as Corporate Secretary, both effective January 15, 2020. Carlos Escribano has over 12 year's experience in senior level financial management and has served as CFO for a number of publicly traded multi-national corporations in the resource sector.

  • ReconAfrica Announces Completion of Oversubscribed Second Tranche of Private Placement and Agreement With AMW Public Relations
    CNW Group

    ReconAfrica Announces Completion of Oversubscribed Second Tranche of Private Placement and Agreement With AMW Public Relations

    VANCOUVER , Dec. 23, 2019 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (RECO.V) is pleased to announce that it has completed a second tranche ("Second Tranche") of its previously announced non-brokered private placement financing (the "Private Placement"). ReconAfrica is also pleased to announce that, subject to approval from the TSX Venture Exchange, the Company has agreed to engage AMW Public Relations Inc. ("AMW") to provide media relations and consulting services to the Company (collectively, the "Services") pursuant to a consulting agreement dated December 18, 2019 .

  • ReconAfrica Announces Oversubscribed Second Tranche of Private Placement
    CNW Group

    ReconAfrica Announces Oversubscribed Second Tranche of Private Placement

    VANCOUVER, Dec. 19, 2019 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V:RECO.V - News) is pleased to announce that, due to higher than anticipated investor demand, it has agreed, subject to the approval of the TSX Venture Exchange (the "Exchange"), to increase the size of the second tranche (the "Second Tranche") of its previously announced non-brokered private placement financing (the "Private Placement"). The Company now intends to issue up to 2,002,646 units (each a "Unit") of the Company at $0.34 per Unit raising gross proceeds of up to $680,899.64.

  • CNW Group

    ReconAfrica Engages Henderson Rigs and Appoints Deloitte as Auditors

    VANCOUVER , Dec. 12, 2019 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (RECO.V) (LGDOF) (OXD.F) is pleased to announce it has  engaged Henderson Rigs of Houston, Texas for the purpose of procuring a North American drilling rig and ancillary equipment, specifically designed for Namibian logistics and drilling depths of the Kavango Basin. Henderson Rigs, with locations in Houston and Odessa, Texas and Nisku, Alberta , is a recognized specialist in drilling rig acquisition, refurbishment, rig certification and ongoing support maintenance, providing its services globally to E&P companies and major drilling contractors. Henderson Rigs has been instrumental in identifying several Texas based drilling rigs ideally suited for drilling in the Kavango basin.

  • Newsfile

    The World's Biggest Oil Hot Spot in Namibia Already Attracting Majors

    Houston, Texas--(Newsfile Corp. - December 11, 2019) - Wall Street Nation announces publication of an article that discusses Reconnaissance Energy Africa Ltd. (TSXV: RECO) (OTC: LGDOF), a junior oil and gas company engaged in the exploration and developments of oil and gas in Namibia. Namibia is the World's Next Major Oil Hot SpotUntil recently, Namibia has been one of the most underexplored energy hotspots of Africa. However, that's quickly changing. ...

  • ReconAfrica Engages Seidel Technologies for Drilling in the Kavango Basin and Completes First Tranche of Private Placement
    CNW Group

    ReconAfrica Engages Seidel Technologies for Drilling in the Kavango Basin and Completes First Tranche of Private Placement

    VANCOUVER, Dec. 9, 2019 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V:RECO.V - News) (OTC:LGDOF - News) (Frankfurt:OXD.F - News) is pleased to announce it has engaged an international drilling company, Seidel Technologies, to play an integral role in executing the upcoming drilling program in the Kavango Basin of Namibia. Founded in 2007, Seidel Technologies, a Denver based oil and gas drilling engineering firm, provides comprehensive project management for North American and International drilling operations. Since inception, Seidel Technologies, with over 42 staff, has worked with a wide array of successful oil & gas companies (from juniors to majors) in creating approximately $40 billion in asset value through drilling activities.

  • ReconAfrica Announces Amendment to Previously Announced Private Placement
    CNW Group

    ReconAfrica Announces Amendment to Previously Announced Private Placement

    VANCOUVER , Nov. 14, 2019 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSX-V: RECO) announces that the Company is amending the terms of its non-brokered private placement of units (the "Private Placement") previously announced on October 31, 2019 . The Company will now issue up to 4,411,765 units (each, a "Unit") of the Company at a price of $0.34 per Unit for aggregate gross proceeds to the Company of up to $1,500,000 .