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Reconnaissance Energy Africa announces C$15 million bought‑deal financing

Reconnaissance Energy Africa has agreed to a bought‑deal financing of 20,548,000 units at C$0.73 per unit with Research Capital as sole bookrunner, producing gross proceeds of C$15,000,040. Each unit consists of one common share and one‑half warrant; whole warrants are exercisable for 36 months at C$0.93. The syndicate has an overallotment option of up to 15%. The proceeds will be used for a horizontal open‑hole sidetrack drilling program, production tests, and general corporate purposes and working capital; closing is expected on or about September 10, 2026, and is subject to regulatory approvals. » More on de.investing.com

Financials

In the last quarter, Reconnaissance Energy (Africa) had revenue of €0 and net profit of -€2.58m

(EUR)	June 2026	YoY
Revenue	0	-
Gross profit	-12.78k	54.88%
Net profit	-2.58m	8.41%
EBITDA	-2.6m	9.60%

Fundamentals

Metric	Value
Market capitalization	€138.87m
Number of shares	409.91m
52-week high/low	€0.88 - €0.27
Dividends	No
Beta	-0.94
P/E ratio	-11.69
PEG ratio	-0.19
P/B ratio	0.81
P/S ratio	0.00

Company profile

Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in exploration and development of oil and gas potential in Namibia and Botswana. It holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 km2 located in Namibia; and 100% working interest in a petroleum license, which covers an area of 8,990 square km2 located in northwestern Botswana. The company is headquartered in Vancouver, Canada.

Name	Reconnaissance Energy (Africa)
CEO	Brian C. Reinsborough
Headquarters	Calgary, ab Canada
Website	reconafrica.com
Sector	Energy
Industry	Oil, Gas & Consumable Fuels
IPO	09/10/2003
Employees	28