Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Reconnaissance Energy Africa Ltd. (V:RECO)

Business Focus: Oil & Gas Exploration and Production

Sector:  Energy Industry:  Oil & Gas Exploration and Production
 
See Regulatory Filings on SEDAR
Company Contact
Address: Suite 1500-999 West Hastings Street
VANCOUVER BC V6C 2W2
Tel: N/A
Website: reconafrica.com
IR: See website
Key People
J. Jay Park
Chief Executive Officer, Director
Carlos Javier Escribano
Chief Financial Officer
Scot Evans
Chief Operating Officer
Doug Allen
Senior Vice President, Investor Relations
Nick Steinsberger
Senior Vice President - Drilling and Completions
Anna M. Tudela
Corporate Secretary
Business Overview
Reconnaissance Energy Africa Ltd, formerly Lund Enterprises Corporation, is an oil and gas company. The Company is engaged in the exploration and development of oil and gas in Namibia. The Company holds interest in a petroleum exploration license in northeast Namibia, which covers the entire Kavango sedimentary basin. Its exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres).
Financial Overview
For the three months ended 31 March 2021,Reconnaissance Energy (Africa) Ltd revenues was notreported. Net loss increased from C$1.4M to C$2.9M. Highernet loss reflects Office and general increase from C$59K toC$632K (expense), Share-based payments increase from C$271Kto C$701K (expense), Management and consulting increase of73% to C$689K (expense). Basic Earnings per Share excludingExtraordinary Items remained flat at -C$0.02.
Employees: 7 as of Jun 30, 2007
Reporting Currency: Canadian Dollars
Enterprise value: $1,913M as of Mar 31, 2021
Annual revenue (TTM): $0.00M as of Mar 31, 2021
EBITDA (TTM): -$8.56M as of Mar 31, 2021
Net annual income (TTM): -$9.00M as of Mar 31, 2021
Free cash flow (TTM): -$29.17M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 156,808,071 as of May 11, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization