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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
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
Anna M. Tudela
Corporate Secretary
Business Overview
Reconnaissance Energy Africa Ltd is a Canada-based oil and gas exploration company. The Company is engaged in the exploration and development of oil and gas in Namibia and Botswana. 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). The Kavango Basin offers a thick Permian sequence. The Company also holds interest in a petroleum exploration license in northwest Botswana, which comprises an area of approximately 8,990 square kilometers (2.2 million acres) and is contiguous to the Namibian license. Its two licenses together comprise 34,325 square kilometers (8.5 million acres).
Financial Overview
For the six months ended 30 June 2021,Reconnaissance Energy (Africa) Ltd revenues was notreported. Net loss increased from C$2.1M to C$14.7M. Highernet loss reflects Share-based payments increase from C$494Kto C$7.9M (expense), Management and consulting increasefrom C$602K to C$3.2M (expense), Office and generalincrease from C$98K to C$1M (expense).
Employees: 7 as of Jun 30, 2007
Reporting Currency: Canadian Dollars
Enterprise value: $1,191M as of Jun 30, 2021
Annual revenue (TTM): $0.00M as of Jun 30, 2021
EBITDA (TTM): -$19.09M as of Jun 30, 2021
Net annual income (TTM): -$20.05M as of Jun 30, 2021
Free cash flow (TTM): -$42.39M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 187,169,493 as of Sep 29, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization