Reconnaissance Energy Africa Ltd. (V:RECO)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Bentall PO Box 48326 VANCOUVER BC V7X 1A1 |
| Tel: | N/A |
| Website: | https://reconafrica.com |
| IR: | See website |
| Key People | ||
| Craig Steinke Executive Chairman of the Board | Scot Evans Chief Executive Officer | Carlos Javier Escribano Chief Financial Officer |
| Diana J. Mcqueen Senior Vice President - Corporate Communication and Stakeholder Relations | Nick Steinsberger Senior Vice President - Drilling and Completions | Deniz Kuban Chief Compliance Officer | Michelle Borthwick Company Secretary |
| Business Overview |
| Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin. |
| Financial Overview |
| For the nine months ended 31 December 2023, Reconnaissance Energy (Africa) Ltd revenues decreased from C$21.3M to C$0K. Net loss before extraordinary items decreased 56% to C$18.3M. Revenues reflect Mexico segment decrease of 72% to C$6M. Lower net loss reflects Share-based payments decrease of 57% to C$6.6M (expense), Professional fees decrease of 70% to C$2.1M (expense). |
| Employees: | 7 as of Jun 30, 2007 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $153.05M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4.89M as of Dec 31, 2023 |
| EBITDA (TTM): | -$26.27M as of Dec 31, 2023 |
| Net annual income (TTM): | -$38.75M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$51.31M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 230,082,915 as of Apr 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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