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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
Tel: N/A
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 nine months ended 30 September 2020,Reconnaissance Energy (Africa) Ltd revenues was notreported. Net loss increased from C$1.9M to C$4.4M. Highernet loss reflects Professional fees increase from C$122K toC$365K (expense), Office and general increase from C$18K toC$253K (expense), Exchange loss increase from C$4K to C$16K(expense). Basic Earnings per Share excluding ExtraordinaryItems increased from -C$0.11 to -C$0.06.
Employees: 7 as of Jun 30, 2007
Reporting Currency: Canadian Dollars
Enterprise value: $187.95M as of Sep 30, 2020
Annual revenue (TTM): $0.00M as of Sep 30, 2020
EBITDA (TTM): -$5.72M as of Sep 30, 2020
Net annual income (TTM): -$5.80M as of Sep 30, 2020
Free cash flow (TTM): -$10.47M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 106,859,526 as of Nov 23, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization