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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.
CALGARY, Alberta, Aug. 26, 2026 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the “Company”, “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that its Board of Directors has approved the grant of an aggregate of 7,715,900 stock options and 3,981,900 restricted share units to certain directors, officers, employees and consultants pursuant to the Company's Option Plan and RSU/DSU Plan approved by shareholder at the AGM held on February 19, 2026. A total of 6,188,600 options and 3,484,200 restricted share units were granted to insiders. A total of 4,210,000 options expired since the previous granting of options on September 30, 2025.
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) has reported continued progress across its exploration and production testing activities in Namibia, Gabon and Angola during the second quarter of 2026, while ending the period with $24.2 million in cash. The company said that it continued production testing at the KW1X well in onshore Namibia, with downhole testing beginning in early June.
CALGARY, Alberta, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the “Company”, “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC), is pleased to announce second quarter 2026 financial and operating results. Second quarter financial statements and the Management Discussion and Analysis (“MD&A”) are available on SEDAR+ at www.sedarplus.ca.
Reconnaissance Energy Africa Ltd (TSX-V:RECO, OTCQX:RECAF, FRA:0XD) said preliminary testing at its Kavango West 1X discovery well flowed natural gas and potential liquids to surface from the Huttenberg formation, completing vertical production testing and clearing the way for an open-hole horizontal test. The company, along with partners BW Energy and the National Petroleum Corporation of Namibia, said the uppermost Huttenberg zone flowed gas and potential liquid content to surface immediately upon perforation, ahead of any acid stimulation.
CALGARY, Alberta, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the “Company”, “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC), along with its partners BW Energy (20% WI) and the National Petroleum Corporation of Namibia (“NAMCOR”, 10% carried WI), are pleased to announce preliminary production testing results from the three zones in the Huttenberg formation on the Kavango West 1X (“KW1X”) discovery well, along with plans to advance to open-hole horizontal production testing.