tiprankstipranks
Company Announcements

ReconAfrica Reports Successful Year and Exploration Progress

Story Highlights
ReconAfrica Reports Successful Year and Exploration Progress

Reconnaissance Energy Africa (TSE:RECO) has released an update.

Reconnaissance Energy Africa Ltd. has completed its annual filings, reporting the sale of Renaissance Oil Corporation for C$10.3 million and the reduction of C$100 million in liabilities, alongside operational advancements in its Namibian exploration activities. The company has been granted a new exploration period by Namibia’s Ministry of Mines and Energy, completed significant technical evaluations, and announced the drilling of the Naingopo well with potential for significant oil resources.

For further insights into TSE:RECO stock, check out TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App