ReconAfrica Lists on Namibian Stock Exchange, Advances Exploration Efforts in Botswana and Namibia

Proactive - Interviews for investors

Reconnaissance Energy Africa CEO Brian Reinsborough joined Steve Darling from Proactive to share news the company has made history as the first publicly traded oil and gas company to be listed on the Namibian Stock Exchange. The company emphasizing that the dual listing, under the symbol "REC," reflects the company’s significant footprint as the largest acreage holder among publicly traded oil and gas exploration companies operating onshore in Namibia. ReconAfrica's primary listing remains on the TSX-Venture Exchange, ensuring broad investor access. In addition to its dual listing achievement, ReconAfrica received approval for the First Renewal Exploration Period for its onshore PEL 001 license in Botswana. Covering nearly 1.9 million acres, this license renewal, valid until 2028, mandates ReconAfrica to carry out extensive geotechnical evaluations, vegetation mapping, water studies, methane seep detection, environmental impact assessments, and contribute to Botswana's petroleum exploration and training initiatives. Exploration activities are advancing at the Naingopo well, where drilling resumed in mid-October and has reached 3,500 meters. The company aims to reach a target depth of 3,800 meters, with results expected post-completion following thorough logging and analysis for oil or natural gas samples. ReconAfrica is also preparing for Namibia's first onshore 3D seismic survey at its PEL 73 license. Scheduled for mid-2025, this 3D seismic acquisition will span 500 kilometers, enhancing the geological understanding of the Kavango Rift Basin and positioning the company to further explore this promising region. #proactiveinvestors #reconnaissanceenergyafricaltd #tsxv #reco #otcqx #recaf #NamibiaExploration #BrianReinsborough #OilAndGas #NamibiaStockExchange #EnergySector #3DSeismic #Namibia #Botswana #ProactiveInvestors #EnergyExploration #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews