RECO.V - Reconnaissance Energy Africa Ltd.

TSXV - TSXV Delayed Price. Currency in CAD
0.3250
+0.0150 (+4.84%)
At close: 3:59PM EDT
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Previous Close0.3100
Open0.3100
Bid0.2950 x N/A
Ask0.3250 x N/A
Day's Range0.3000 - 0.3250
52 Week Range0.1300 - 0.9300
Volume24,220
Avg. Volume132,528
Market Cap23.056M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.1640
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • 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.

  • 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.

  • 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.

  • 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.

  • 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") (RECO.V) (LGDOF) (0XD.F) 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 . Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $1.00 at any time on or before five (5) years after the closing of the 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").

  • CNW Group

    ReconAfrica Provides Response to IIROC Request

    VANCOUVER , Jan. 17, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (RECO.V) (LGDOF) (0XD.F), 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).

  • CNW Group

    ReconAfrica Announces New Chief Financial Officer and Corporate Secretary

    VANCOUVER , Jan. 15, 2020 /CNW/ - Reconnaissance Energy Africa Ltd. (the " Company" or " ReconAfrica") (RECO.V) (LGDOF) (0XD.F) 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.

  • 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 .

  • CNW Group

    ReconAfrica Announces Oversubscribed Second Tranche of Private Placement

    VANCOUVER , Dec. 19, 2019 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (RECO.V) 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. ...

  • 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") (RECO.V) (LGDOF) (OXD.F) 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.

  • 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 .