Reconnaissance Energy Africa Ltd. RECO.V

RECO.V Company Overview

Reconnaissance Energy Africa Ltd. (“ReconAfrica”) is a Canadian oil and gas exploration and development company focused on onshore conventional petroleum exploration in the Kavango Basin of northeastern Namibia and northwestern Botswana. The company operates in the upstream energy industry, with its primary activities centered on hydrocarbon exploration, appraisal drilling, seismic acquisition, and basin development. ReconAfrica’s core revenue and value drivers are tied to the potential commercial development of its petroleum licenses and related exploration assets rather than established production operations.

The company’s principal strategic asset is its large acreage position in the Damara Fold Belt and broader Kavango Basin region, where it seeks to identify conventional oil and natural gas resources. ReconAfrica was founded in 1978 and later evolved into a frontier exploration-focused energy company through acquisitions and licensing agreements in southern Africa. Its positioning is differentiated by the scale of its contiguous exploration acreage, early-mover status in the basin, and partnerships with national and international energy stakeholders involved in Namibian hydrocarbon development.