Reconnaissance Energy Africa Ltd. (V:RECO)
Business Focus: Oil & Gas Exploration and Production (NEC)
Rain as of September 01, 2023
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Insider Filings
Latest 10 SEDI filings for RECO within the last 6 months
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Company News
Sep 05, 2023 08:30 ET
RECONAFRICA ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT WITH INSIDERS OF THE COMPANY
/NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/
Aug 29, 2023 08:30 ET
RECONAFRICA ANNOUNCES APPOINTMENT OF NEW INDEPENDENT DIRECTOR TO ITS BOARD OF DIRECTORS
VANCOUVER, BC, Aug. 29, 2023 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces the appointment of Iman Hill as a new independent director to the Board of Directors, effective August 29, 2023.
Valuation Ratios
Industry
Sector
Beta
1.45
--
--
Price to Sales - TTM
8.12
4.30
3.95
Price to Book - most recent quarter
2.25
1.59
1.78
Price to Cash Flow per share - TTM
--
4.65
5.01
Price to Free Cash Flow per share - TTM
--
14.40
14.82
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Sep 15, 2023 | 615,354 | 90,366 |
| Aug 31, 2023 | 524,988 | -123,052 |
| Aug 15, 2023 | 648,040 | 105,023 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
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.
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