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RECONAFRICA ANNOUNCES THE FILING OF QUARTERLY FINANCIAL REPORTS AND AN OPERATIONAL UPDATE
RECONAFRICA ANNOUNCES THE FILING OF QUARTERLY FINANCIAL REPORTS AND AN OPERATIONAL UPDATE ...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n \n \n \n RECONAFRICA ANNOUNCES THE FILING OF QUARTERLY FINANCIAL REPORTS AND AN OPERATIONAL UPDATE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 29, 2023\n \n \n /CNW/ - Reconnaissance Energy Africa Ltd. (the \"Company\" or \"ReconAfrica\") (TSXV: RECO) (OTCQX: RECAF) (\n \n Frankfurt\n \n : 0XD) announces the filing of its financial results for the quarter ended\n \n September 30, 2023\n \n , and an operational update.\n \n \n \n \n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n Completed the technical evaluation of the entire exploration inventory to understand the potential of the oil-prone Rift Basin and Damara Fold Belt gas plays\n \n \n Selected the first two drill locations and has begun the process required for well site preparation and procurement for operations\n \n \n Received an Environmental Clearance Certificate (\"ECC\"), from the Environmental Commissioner, Ministry of the Environment, Forestry and Tourism, covering Petroleum Exploration Licence (\"PEL\") 073, for the drilling of an additional 12 exploration and appraisal wells\n \n \n Granted approval for the Second Renewal Exploration Period by the Ministry of Mines and Energy (\"MME\"), covering the period from\n \n January 30, 2024\n \n , to\n \n January 29, 2026\n \n \n \n Sold Renaissance Oil Corp. (\"Renaissance\"), holder of the Mexican assets, for deemed gross proceeds of approximately\n \n $10.3 million\n \n (\n \n US$7.5 million\n \n )\n \n \n Re-opened the virtual data room which includes a comprehensive assessment of the entire exploration inventory, including full economic analysis with drill ready prospects and an integration of that work into the farm out joint venture process\n \n \n Onboarded seven experienced oil prospect generators and technical experts in this region to help execute the above process\n \n \n Handed over 10 solar powered community water wells drilled and completed by the Company to the Department of Water and Land Management of\n \n Namibia\n \n \n \n \n \n \n \n Brian Reinsborou...