Reconnaissance Energy Africa Ltd. (RECAF) Research
Reconnaissance Energy Africa Ltd. (RECAF) is an emerging upstream oil and gas company, dedicated to the exploration and development of hydrocarbon potential across Namibia and Botswana. The company holds a 90% interest in a substantial petroleum exploration license in Namibia, encompassing approximately 25,341.33 square kilometers. Additionally, RECAF possesses a full 100% working interest in a separate petroleum license, which extends over 8,990 square kilometers in northwestern Botswana. Its corporate headquarters are situated in Vancouver, Canada.
Market snapshot
- Symbol
- RECAF
- Price
- $0.82
- Day change
- +1.26%
- Market cap
- $420.6M
- P/E ratio
- -27.60x
- 52-week range
- 0.278-0.987
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Next earnings
- in 5 days
Recent news
- ReconAfrica starts first production test – ICYMI
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) earlier this week announced the start of production testing at its Kavango Discovery in Namibia, marking a significant milestone in the company's efforts to evaluate what management believes could become an important new hydrocarbon play in the country. Speaking with Proactive, chief executive Brian Reinsborough said the testing programme follows years of exploration work and de-risking activity in the Kavango West area of the Damara Fold Belt.
- ReconAfrica starts first production test – ICYMI
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) earlier this week announced the start of production testing at its Kavango Discovery in...
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