Reconnaissance Energy Africa Ltd. (V:RECO)
Business Focus: Oil & Gas Exploration and Production (NEC)
Rain as of April 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
Apr 18, 2024 06:00 ET
RECONAFRICA ANNOUNCES AN OPERATIONS UPDATE, JOINT VENTURE UPDATE AND CONFERENCE EVENT
VANCOUVER, BC, April 18, 2024 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 ("PEL 73"), onshore northeast Namibia, an update with respect to the ongoing joint venture process and a conference event.
Apr 18, 2024 06:00 ET
RECONAFRICA ANNOUNCES AN OPERATIONS UPDATE, JOINT VENTURE UPDATE AND CONFERENCE EVENT
VANCOUVER, BC, April 18, 2024 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an operations update with respect to activity relating to Petroleum Exploration Licence 73 ("PEL 73"), onshore northeast Namibia, an update with respect to the ongoing joint venture process and a conference event.
Valuation Ratios
Industry
Sector
Beta
1.37
--
--
Price to Sales - TTM
42.47
2.89
3.21
Price to Book - most recent quarter
1.39
1.42
1.76
Price to Cash Flow per share - TTM
--
4.88
5.72
Price to Free Cash Flow per share - TTM
--
17.95
17.93
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 627,609 | -2,158,498 |
| Mar 31, 2024 | 2,786,107 | 2,180,969 |
| Mar 15, 2024 | 605,138 | 77,278 |
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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