Reconnaissance Energy Africa (TSE:RECO) has released an update.
Reconnaissance Energy Africa Ltd. has formed a strategic partnership with BW Energy, granting them a 20% interest in the exploration of onshore Namibia, which includes participation in well explorations and seismic programs. The deal is complemented by a C$35 million public offering, with BW Energy making a substantial C$22 million strategic investment to support ReconAfrica’s exploration initiatives.
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