Reconnaissance Energy Africa Reports Operational Progress Across Namibia, Gabon, and Angola
Reconnaissance Energy Africa (TSX-V:RECO) reported continued progress in its operations across three African countries during the second quarter of 2026. The company advanced production testing at the KW1X well onshore Namibia, successfully flowing hydrocarbons from two zones and planning an open-hole horizontal test targeting up to 1,000 meters. In Gabon, seismic reprocessing work for its Ngulu offshore project is progressing as scheduled with final products expected soon. In Angola, geochemical sampling of surface oil seeps was completed in June, with results anticipated shortly. Financially, the company ended Q2 with $24.2 million in cash and received over $5.56 million from warrant exercises since January 1, 2026. The CEO highlighted operational milestones and a reduction of about 10% in diluted share count year-to-date as key achievements.
Topics: exploration progress financial update production testing