CALGARY, AB, April 30, 2025 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the filing of annual disclosure documents for the nine-month period ended December 31, 2024, including the audited consolidated financial statements, Management's Discussion and Analysis ("MD&A"), Annual Information Form ("AIF"), statement of reserves data and other oil and gas information under National Instrument 51-101 ("NI 51-101 Report"), and updated report of Netherland, Sewell & Associates, Inc. ("NSAI"), an independent qualified reserves evaluator, entitled "Estimates of Prospective Resources to the Reconnaissance Energy Africa Ltd. Interest in Certain Prospects and Leads located in Petroleum Exploration Licence 73 ("PEL 73"), Kavango Basin, Namibia, as of December 31, 2024" (the "NSAI Report").

CALGARY, AB, April 30, 2025 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the filing of annual disclosure documents for the nine-month period ended December 31, 2024, including the audited consolidated financial statements, Management's Discussion and Analysis ("MD&A"), Annual Information Form ("AIF"), statement of reserves data and other oil and gas information under National Instrument 51-101 ("NI 51-101 Report"), and updated report of Netherland, Sewell & Associates, Inc. ("NSAI"), an independent qualified reserves evaluator, entitled "Estimates of Prospective Resources to the Reconnaissance Energy Africa Ltd. Interest in Certain Prospects and Leads located in Petroleum Exploration Licence 73 ("PEL 73"), Kavango Basin, Namibia, as of December 31, 2024" (the "NSAI Report").

CALGARY, AB, April 17, 2025 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agência Nacional de Petróleo, Gás e Biocombustíveis or National Oil, Gas and Biofuels Agency ("ANPG").

ReconAfrica has entered into a Memorandum of Understanding ("MOU") with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angola's national concessionaire and regulator.

CALGARY, AB, April 17, 2025 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an agreement for a joint exploration project in Angola with the Agência Nacional de Petróleo, Gás e Biocombustíveis or National Oil, Gas and Biofuels Agency ("ANPG").

ReconAfrica has entered into a Memorandum of Understanding ("MOU") with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angola's national concessionaire and regulator.

CALGARY, AB, April 10, 2025 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces a drilling update on Prospect I.

Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 ("PEL73") and is the Company's largest prospect to be drilled so far. It is targeting 365 million barrels of unrisked and 32 million barrels of risked prospective light/medium oil resources(1), or 1.9 trillion cubic feet of unrisked and 140 billion cubic feet of risked prospective natural gas resources(1), on a 100% working interest basis, based on the most recent prospective resources report prepared by Netherland, Sewell, & Associates, Inc. ("NSAI"), an independent qualified reserves evaluator. Prospect I is noted as location 63 in the NSAI report.

CALGARY, AB, April 10, 2025 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces a drilling update on Prospect I.

Prospect I is located onshore Namibia in Petroleum Exploration Licence 073 ("PEL73") and is the Company's largest prospect to be drilled so far. It is targeting 365 million barrels of unrisked and 32 million barrels of risked prospective light/medium oil resources(1), or 1.9 trillion cubic feet of unrisked and 140 billion cubic feet of risked prospective natural gas resources(1), on a 100% working interest basis, based on the most recent prospective resources report prepared by Netherland, Sewell, & Associates, Inc. ("NSAI"), an independent qualified reserves evaluator. Prospect I is noted as location 63 in the NSAI report.

CALGARY, AB, March 20, 2025 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the acceleration of drilling into Q2 2025 and a corporate update.

Brian Reinsborough, President and CEO commented: "We have made great progress in getting Prospect I ready to drill and, as a result, we are accelerating the spud date into Q2 2025. Our in-country teams have commenced community engagement, surveying, debushing and demining activities, which will be followed by construction of a 10 kilometre road and drill pad site.

CALGARY, AB, March 20, 2025 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the acceleration of drilling into Q2 2025 and a corporate update.

Brian Reinsborough, President and CEO commented: "We have made great progress in getting Prospect I ready to drill and, as a result, we are accelerating the spud date into Q2 2025. Our in-country teams have commenced community engagement, surveying, debushing and demining activities, which will be followed by construction of a 10 kilometre road and drill pad site.

CALGARY, AB, Feb. 11, 2025 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces a webinar and conference call for investors and analysts on Thursday February 13, 2025 at 11:00 am Eastern Time. Participants will include Brian Reinsborough, President and CEO, and Chris Sembritzky, Senior Vice President, Exploration.

Investors and analysts are encouraged to submit questions to be answered on the call to investors@reconafrica.com before Thursday February 13, 2025.

CALGARY, AB, Feb. 11, 2025 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces a webinar and conference call for investors and analysts on Thursday February 13, 2025 at 11:00 am Eastern Time. Participants will include Brian Reinsborough, President and CEO, and Chris Sembritzky, Senior Vice President, Exploration.

Investors and analysts are encouraged to submit questions to be answered on the call to investors@reconafrica.com before Thursday February 13, 2025.

CALGARY, AB, Jan. 29, 2025 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that, further to its announcements on July 16, 2024 and July 30, 2024, it has completed the farm down agreement with BW Energy Limited ("BW Energy")(OSE:BWE). The sale of a 20% working interest in Petroleum Exploration Licence 73 ("PEL 73"), in northeast Namibia, has been approved by the Namibian Ministry of Mines and Energy ("MME") and Namcor Exploration and Production (Pty) Ltd ("NAMCOR"). The working interests in PEL 73 are now:

CALGARY, AB, Jan. 10, 2025 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces a change of financial year-end.

Change in Financial Year-End

ReconAfrica, a reporting issuer, is changing its financial year-end from March 31 to December 31. The change in financial year-end has been made to align with industry peers. Further details regarding the change in financial year-end, including the Company's length and ending dates of the Company's financial reporting periods, its interim and annual financial statements to be filed for the Company's transition year and its new financial year, will be available in the Company's Notice of Change of Year-End prepared in accordance with Section 4.8 of National Instrument 51-102, and filed on the Company's SEDAR+ profile, available at www.sedarplus.ca

CALGARY, AB, Nov. 27, 2024 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that it has reached total depth ("TD") of 4,184 metres (13,727 feet) on the Naingopo exploration well on Petroleum Exploration Licence 073 ("PEL 73"), onshore Namibia.

Brian Reinsborough, President and CEO of the Company stated: "We are excited to have completed the drilling operations on the Naingopo exploration well, drilling beyond our original projected TD of 3,800 metres. The Naingopo well is the first of several to test the potential resource of the Damara Fold Belt. We will now commence an extensive evaluation program, which will include wireline logging and coring, Modular Formation Dynamics Tester ("MDT") sampling and testing of any hydrocarbons present, and a Vertical Seismic Profile ("VSP"). Our technical team will then assess all data to determine the results, which will assist us in finalizing further plans in the Damara Fold Belt."

CALGARY, AB, Nov. 27, 2024 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that it has reached total depth ("TD") of 4,184 metres (13,727 feet) on the Naingopo exploration well on Petroleum Exploration Licence 073 ("PEL 73"), onshore Namibia.

Brian Reinsborough, President and CEO of the Company stated: "We are excited to have completed the drilling operations on the Naingopo exploration well, drilling beyond our original projected TD of 3,800 metres. The Naingopo well is the first of several to test the potential resource of the Damara Fold Belt. We will now commence an extensive evaluation program, which will include wireline logging and coring, Modular Formation Dynamics Tester ("MDT") sampling and testing of any hydrocarbons present, and a Vertical Seismic Profile ("VSP"). Our technical team will then assess all data to determine the results, which will assist us in finalizing further plans in the Damara Fold Belt."

CALGARY, AB, Nov. 21, 2024 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an operational update with respect to its exploration activities on Petroleum Exploration Licence 073 ("PEL 73"), onshore Namibia, the appointment of directors and the filing of its financial results for the quarter ended September 30, 2024.

CALGARY, AB, Nov. 21, 2024 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces an operational update with respect to its exploration activities on Petroleum Exploration Licence 073 ("PEL 73"), onshore Namibia, the appointment of directors and the filing of its financial results for the quarter ended September 30, 2024.

CALGARY, AB, Nov. 5, 2024 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces the dual-listing on the Namibian Stock Exchange ("NSX"), the renewal of Petroleum Exploration Licence 001 ("PEL 001") onshore Botswana, and an operational update with respect to its exploration activities on Petroleum Exploration Licence 073 ("PEL 73"), onshore Namibia.

CALGARY, AB, Oct. 3, 2024 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an operations update with respect to activities on Petroleum Exploration Licence 073 ("PEL 73"), onshore Namibia and the appointment of Gitane De Silva as Senior Vice President ESG, Communications & Stakeholder Relations.

Brian Reinsborough, President and CEO of the Company stated: "We continue to make progress on the drilling of the Naingopo exploration well on PEL 73 onshore Namibia. We have set our last casing point prior to drilling into the Otavi reservoir section. We encountered slower drilling rates in the deeper section of the Mulden formation and experienced tight hole conditions while setting casing, which has caused delays to our original schedule. As part of the planned drilling program, we are switching out the blowout preventer to 10,000 psi ahead of drilling deeper intervals. Drilling will commence in the coming days and we expect soon thereafter to penetrate the primary objective of the Damara Fold Belt play, the Otavi carbonate reservoir. We plan to be drilling through October before reaching total depth and will disclose well results after thorough analysis of the logs and any obtained fluids. Construction operations are proceeding on schedule to spud the Kambundu exploration well (Prospect P). This well is expected to spud following the completion of the Naingopo exploration well.

CALGARY, AB, Aug. 29, 2024 /PRNewswire/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an operational update, the filing of its financial results for the quarter ended June 30, 2024 and the release of the Company's first Sustainability Report.

HIGHLIGHTS

Spud the Naingopo exploration well, which is currently drilling at a depth past 2,400 metres or 7,875 feet. All primary objectives are below the current drilling depth.Entered into a definitive farm down agreement with BW Energy Limited ("BW Energy") (OSE:BWE), for the sale of a 20% working interest in Petroleum Exploration Licence 73 ("PEL 73"), in northeast Namibia. Under the terms of the agreement BW Energy made a $22 million strategic equity investment in the Company to support a multi-well exploration program, and additional contingent payments of $171 million, based on meeting certain development, production and cash flow milestones.Raised gross proceeds of $38.8 million via an underwritten public offering in July 2024.Raised gross proceeds of $17.5 million via bought deal public offering in April 2024.Reduced General and Administration costs to $3.2 million from $4.2 million for the three months ended June 30, 2024 compared to June 30, 2023.Increased governance structure at the Board of Directors level, adding the Honourable Diana McQueen ECA, ICD.D as Chair of the Board of Directors, and the appointment of D. Jeffrey Harder, FCPA, FCA, FCBV, ICD.D as a new independent director and Chair of the Audit Committee.The Company is pleased to announce the Company's first Sustainability Report has been completed and will be available on the Company's website next week.

CALGARY, AB, Aug. 29, 2024 /CNW/ - Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces an operational update, the filing of its financial results for the quarter ended June 30, 2024 and the release of the Company's first Sustainability Report.

HIGHLIGHTS

Spud the Naingopo exploration well, which is currently drilling at a depth past 2,400 metres or 7,875 feet. All primary objectives are below the current drilling depth.Entered into a definitive farm down agreement with BW Energy Limited ("BW Energy") (OSE:BWE), for the sale of a 20% working interest in Petroleum Exploration Licence 73 ("PEL 73"), in northeast Namibia. Under the terms of the agreement BW Energy made a $22 million strategic equity investment in the Company to support a multi-well exploration program, and additional contingent payments of $171 million, based on meeting certain development, production and cash flow milestones.Raised gross proceeds of $38.8 million via an underwritten public offering in July 2024.Raised gross proceeds of $17.5 million via bought deal public offering in April 2024.Reduced General and Administration costs to $3.2 million from $4.2 million for the three months ended June 30, 2024 compared to June 30, 2023.Increased governance structure at the Board of Directors level, adding the Honourable Diana McQueen ECA, ICD.D as Chair of the Board of Directors, and the appointment of D. Jeffrey Harder, FCPA, FCA, FCBV, ICD.D as a new independent director and Chair of the Audit Committee.The Company is pleased to announce the Company's first Sustainability Report has been completed and will be available on the Company's website next week.