Reconnaissance Energy Africa Ltd. (V:RECO)
Business Focus: Oil & Gas Exploration and Production (NEC)
Rain as of November 01, 2024
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Insider Filings
Latest 10 SEDI filings for RECO within the last 6 months
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Company News
Nov 27, 2024 05:00 ET
RECONAFRICA ANNOUNCES COMPLETION OF DRILLING OPERATIONS ON THE NAINGOPO EXPLORATION WELL
CALGARY, AB, Nov. 27, 2024 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that it has reached total depth ("TD") of 4,184 metres (13,727 feet) on the Naingopo exploration well on Petroleum Exploration Licence 073 ("PEL 73"), onshore Namibia.
Nov 27, 2024 05:00 ET
RECONAFRICA ANNOUNCES COMPLETION OF DRILLING OPERATIONS ON THE NAINGOPO EXPLORATION WELL
CALGARY, AB, Nov. 27, 2024 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that it has reached total depth ("TD") of 4,184 metres (13,727 feet) on the Naingopo exploration well on Petroleum Exploration Licence 073 ("PEL 73"), onshore Namibia.
Valuation Ratios
Industry
Sector
Beta
1.39
--
--
Price to Sales - TTM
--
3.04
3.21
Price to Book - most recent quarter
1.64
1.20
1.66
Price to Cash Flow per share - TTM
--
4.55
6.04
Price to Free Cash Flow per share - TTM
--
20.86
16.92
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Nov 30, 2024 | 505,252 | -469,099 |
| Nov 15, 2024 | 974,351 | -38,458 |
| Oct 31, 2024 | 1,012,809 | -29,939 |
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 exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).
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