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RECO:TSXV;RECAF:OTCQX;0XD:FSE

Reconnaissance Energy Africa Ltd.

ReconAfrica is a Canadian-based oil and gas company working collaboratively with national governments to explore the potential for oil and gas resources in Northeast Namibia on Petroleum Exploration Licence 073 ("PEL 73") and Northwest Botswana on Petroleum Exploration Licence 001 ("PEL 001").

To date, ReconAfrica has been granted licences by Namibia and Botswana to explore and confirm the presence of their hydrocarbon resources. Subject to declaring commerciality, the company is entitled to a long-term production licence to develop conventional hydrocarbons in collaboration with governments, our partners, and other key stakeholders. ReconAfrica has not applied for, does not have the intention to, nor been granted or given, permits to allow 'fracing' - a point which ReconAfrica, and the governments of Namiba and Botswana have publicly confirmed.

This project aims to prove potential economic reserves and support local content including local and regional jobs, national and regional suppliers and other ESG projects such as safe access to potable water, educational and training opportunities and funding in environmental and wildlife conservation, amongst others.

Should oil and gas be discovered and commercialized, the traditional authorities and elected governments of Namibia and Botswana will determine how they will manage their resources.
RECO:TSXV RECAF:OTCQX 0XD:FSE

Reconnaissance Energy Africa Ltd. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Recent Articles:

Energy Developer Targets Massive High-Grade Hydrocarbon Potential in Southern Africa

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Reconnaissance Energy Africa Ltd. (RECO:TSXV; RECAF:OTCQX; 0XD:FSE) is exploring for hydrocarbons in Africa. One analyst sees bullish signs in its charts.

Oil and Gas in Africa: Significant Growth Potential With an Exciting Key Shareholder and Fabulous Charts

Contributed Technical Analyst Opinion
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Reconnaissance Energy Africa Ltd.(RECO:TSXV; RECAF:OTCQX; 0XD:FSE) is a Canadian oil and gas exploration company that has access and licences in Namibia, Gabon, Angola, and Botswana to explore and produce hydrocarbon resources. The company made a discovery last year in Namibia, named the Kavango West Discovery, and holds a second discovered oil field in Gabon, named the Loba oil field. Both discoveries are surrounded by significant exploration upside. The company's biggest shareholder and strategic partner is BW Energy, a large oil and gas company with considerable experience developing high-quality African energy projects.

Research Firm Names Top 5 Energy Picks for 2026

Research Report
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Condor Energies Inc. (CDR:TSX.V), Criterium Energy Ltd. (CEQ:TSX.V), Reconnaissance Energy Africa Ltd. (RECO:TSX.V; RECAF:OTCQX; 0XD:FSE), Tenaz Energy Corp. (TNZ:TSX) and Valeura Energy Inc. (VLE:TSX; PNWRF:OTCMKTS) each offers a distinct path to value, noted a Research Capital Corp. report. Read on to learn more about these Buy-rated oil and gas firms.

Short Levels on MAG 7 Stocks Flash Warning & Recon Africa

Contributed Opinion
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Ron Struthers' short indicator shows the market is quite complacent and could be set for a correction. Also, a look at Recon Africa and their large oil and gas play in Namibia.

The Energy Transition and Three Stocks That Will Ride This Wave in Different Ways

Contributed Opinion
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Ron Struthers believes the Biden Administration and others promoting climate change and an energy transition could cause some surprising effects, and these three stocks can benefit in three unique ways compared to each other.


Experts Following This Company

Christopher Jones, Associate Analyst, Energy Research – Haywood Securities
John Newell – John Newell & Associates
headshot of Bill Newman
Bill Newman, Vice President, Senior Analyst – Research Capital Corporation
headshot of Ron Struthers
Ron Struthers, Editor Struthers Resource Stock Report

Important Disclosures
Reconnaissance Energy Africa Ltd. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

streetwise book logo Streetwise Company Fact Sheet

2026/3/26 14:42:17

(RECO:TSXV - RECAF:OTCQX - 0XD:FSE)

Analyst coverage

Haywood SecuritiesChristopher Jones
Research Capital CorporationBill Newman

Newsletter coverage

Technical Market Strategist

John Newell & AssociatesJohn Newell
Galactic UpdatesStewart Thomson

Industry Report

Galactic UpdatesStewart Thomson

Streetwise Reports Articles

03/26/2026 - View Article
03/03/2026 - View Article
01/12/2026 - View Article
06/19/2025 - View Article

streetwise book logoStreetwise - Reconnaissance Energy Africa Ltd. Ownership Overview*

Reconnaissance Energy Africa Ltd. (RECO:TSXV;RECAF:OTCQX;0XD:FSE)

*Share Structure as of 3/25/2026
Investing Highlights
 
ReconAfrica offers exposure to large exploration opportunities not found with other investment opportunities.
 
Recon operates in safe jurisdictions onshore Namibia and Angola and in the shallow waters offshore Gabon.
 
These assets provide shorter cycle times at more affordable exploration and development costs than alternative deep water investment vehicles.
 
Recon has already derisked its asset portfolio with discoveries in Namibia and Gabon that are moving toward production testing and selection of appraisal drilling locations later this year, which has already been funded.
 
Investors can have direct exposure to upcoming catalysts over the remainder of 2026.
catalyst Calendar
Q2
2026
Angola ? Initial geologic sampling (H2/26)
Q2
2026
Q4
2026
Namibia - Production test (Q2/26), appraisal well location selection (Q3/26), Possible appraisal wel
Reconnaissance Energy Africa Ltd. Content