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Home CompaniesReconnaissance Energy Africa Ltd

Reconnaissance Energy Africa Ltd

Energy Oil & Gas E&P
PortfolioPortfolio WatchlistWatchlist
Company price
0.52 CAD 0.02 ( 4.00%)
Last update at 2026-11-03T20:21:00Z
VOLUME
85012
Market Cap
477.22M

Momentum Score

…

Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas properties in Namibia and Botswana. The company holds a 90% interest in a petroleum exploration license located in Namibia; and 100% working interest in a petroleum license located in northwestern Botswana, as well as an agreement for a joint exploration project in Angola. Reconnaissance Energy Africa Ltd. is headquartered in Calgary, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.51
Low
0.53
High
52 Week Price Range
0.40
Low
1.35
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Reconnaissance Energy Africa Ltd is an oil and gas exploration company with large licensed acreage in the Kavango Basin of Namibia and Botswana. Long-term growth may depend on successful appraisal and seismic programs to define commercial hydrocarbons and on farm-outs or other financing to support development, making the acreage scale and exploration upside the potential attraction to investors.

Principal risks include high exploration and drilling risk from unproven resources, regulatory and environmental controversies and legal challenges, funding and dilution risk, and sensitivity to oil price volatility.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.50
Dividend Yield
-
Revenue TTM
4.97M
Revenue Per Share
0.02
Gross Profit TTM
-0.38M
Debt / Equity
-
ROE
-7.93%
Net Debt
-
ROCE
-7.77%
Diluted EPS TTM
-0.05

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-03-31 2024-03-31 2023-03-31 2022-12-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2024-03-31 2023-03-31 2022-12-31 2022-03-31
Income before tax -16.70M 64.40M - - -263.11M
Net income -15.81M 41.11M - - -263.41M
Selling general administrative 15.85M 20.83M - - 32.63M
Gross profit - - - - 1.49M
Reconciled depreciation - - - - 0.03M
Ebit - - -41.65M -41.65M -32.52M
Ebitda - - - - -259.53M
Operating income -16.30M -21.27M - - -32.47M
Other operating expenses - - - - 0.05M
Interest expense - - - - 3.55M
Tax provision 0.89M 0.12M - - 0.29M
Net interest income - - - - -3.55M
Income tax expense - - 0.00M 0.00M 0.29M
Total revenue 0.00M 0.00M - - 10.41M
Total operating expenses 16.30M 21.27M - - 42.88M
Cost of revenue - - - - 8.92M
Total other income expense net -0.40M 85.68M - - -227.09M
Net income from continuing ops -17.59M 64.28M - - -263.41M
Net income applicable to common shares - - -52.54M -52.54M -263.41M
Breakdown 2026-03-31 2024-03-31 2023-03-31 2022-12-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2024-03-31 2023-03-31 2022-12-31 2022-03-31
Total assets 212.61M 142.30M - - 133.93M
Other current assets - - 17.11M 17.11M -
Total liab 4.67M 5.45M - - 48.70M
Total stockholder equity 207.94M 136.85M - - 85.22M
Other current liab - - 0.73M 0.73M -
Common stock - - 354.48M 354.48M 311.00M
Capital stock 438.02M 360.54M - - 311.00M
Retained earnings -341.35M -306.00M -326.70M -326.70M -274.16M
Other liab - - 2.57M 2.57M 1.05M
Cash 3.29M 2.08M - - 61.15M
Total current liabilities 2.96M 4.41M 92.74M 92.74M 47.65M
Other stockholder equity - - 68.24M 68.24M 48.39M
Property plant equipment - - 108.24M 108.24M 60.33M
Total current assets 5.44M 3.05M 83.09M 83.09M 73.60M
Net tangible assets - - 96.01M 96.01M 85.22M
Net receivables - 0.00M 17.68M 17.68M 9.83M
Accounts payable 2.24M 3.35M 7.27M 7.27M 6.64M
Non current assets total 207.17M 139.25M - - 60.33M
Breakdown 2026-03-31 2024-03-31 2023-03-31 2022-12-31 2022-03-31
Type yearly yearly yearly yearly yearly
Date 2026-03-31 2024-03-31 2023-03-31 2022-12-31 2022-03-31
Investments - -17.38M - - -21.32M
Change to liabilities - - 27.55M 27.55M 0.88M
Total cashflows from investing activities - - -43.44M -43.44M -21.32M
Total cash from financing activities 36.93M 8.57M 47.02M 47.02M 87.40M
Change to operating activities - - -0.41M -0.41M 7.57M
Net income -15.81M 41.11M -52.54M -52.54M -263.41M
Change in cash -8.12M -23.37M 2.98M 2.98M 54.36M
Begin period cash flow 11.41M 38.81M 61.15M 61.15M 6.79M
End period cash flow 3.29M 2.08M 38.81M - 61.15M
Total cash from operating activities -10.31M -14.54M -0.66M -0.66M -11.71M
Issuance of capital stock 40.11M 9.47M - - 90.35M
Depreciation - - 0.04M 0.04M 0.03M
Other cashflows from investing activities - - -13.72M -13.72M -13.72M
Change to account receivables - - -6.10M -6.10M -5.78M
Other cashflows from financing activities - - -3.40M -3.40M -2.95M
Change to netincome - - 30.80M 30.80M 249.00M
Capital expenditures 34.75M 17.11M 43.44M 43.44M 35.64M
Change in working capital 1.87M 0.48M - - 2.66M
Stock based compensation 4.49M 5.87M - - 17.87M
Other non cash items 0.07M 0.07M - - 125.75M
Free cash flow -45.07M -31.65M - - -47.35M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
RECO
Reconnaissance Energy Africa Ltd		 0.02
4.00%		 0.52 - - 10.07 2.29 11.64 -7.57
LGN
Logan Energy Corp		 -0.01
0.33%		 1.50 15.00 14.99 3.80 1.96 3.98 5.87
CEI
Benchmark Metals Inc		 -0.02
2.90%		 0.67 - 27.03 23.27 2.66 20.42 1369.65
EOG
Eco Atlantic Oil & Gas Ltd		 -0.04
4.94%		 0.77 - 1.05 145.60 16.68 158.20 -25.23
ALV
Alvopetro Energy		 0.11
1.18%		 9.46 9.64 7.13 5.53 2.26 3.67 5.10

Profile*

Reconnaissance Energy Africa Ltd

Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas properties in Namibia and Botswana. The company holds a 90% interest in a petroleum exploration license located in Namibia; and 100% working interest in a petroleum license located in northwestern Botswana, as well as an agreement for a joint exploration project in Angola. Reconnaissance Energy Africa Ltd. is headquartered in Calgary, Canada.

635 ? 8 th Avenue SW, Calgary, AB, Canada, T2P 3M3

604 423 5384

https://www.reconafrica.com

29

Name Title Year Born
Mr. Craig Arthur-Allan Steinke CPA Exec. Chairman 1957
Mr. Scot Evans Chief Exec. Officer NA
Mr. Carlos Javier Escribano CGA, CPA Chief Financial Officer 1978
Ms. Diana Janet McQueen Sr. VP, Corp. Communications & Stakeholder Relations 1962
Mr. Nicholas Steinsberger Sr. VP of Drilling & Completions 1964
Ms. Michelle Borthwick Corp. Sec. NA
Mr. Brian C. Reinsborough President & CEO 1962
Mr. Nicholas Steinsberger Senior Vice President of Drilling & Completions 1964
Hon. Diana Janet McQueen Executive Chairman of the Board 1962
Ms. Dilek Deniz Kuban Chief Compliance Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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