ReconAfrica Announces Second Quarter 2026 Results

About this update from Reconnaissance Energy Africa Ltd.

CALGARY, Alberta, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Reconnaissance Energy Africa Ltd. (the "Company", "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC), is pleased to announce second quarter 2026 financial and operating results. Second quarter financial statements and the Management Discussion and Analysis ("MD&A") are available on SEDAR+ at www.sedarplus.ca. Selected highlights for the three months ended June 30, 2026, and subsequent period: Brian Reinsborough, President and CEO, commented: "The Company made several strides this past quarter, both operationally and financially. Important and encouraging milestones were met with the ongoing production testing operations at the KW1X discovery onshore Namibia moving us to the next stage of operations – an open hole horizontal side track. At Ngulu, offshore Gabon, the state-of-the-art seismic reprocessing work progresses on schedule as we target final products and a resource report. In Angola, our geochemical oil seep sampling work was completed with results expected shortly. The Company reduced its diluted share count this past quarter by about 10 percent while also receiving proceeds from warrants to end the quarter with a strong cash balance." About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences and access to ~13 million contiguous acres. The Company also operates the Ngulu block in the shallow waters offshore central Gabon covering 1,214 Km2 (equivalent to 54 Gulf of Mexico blocks) which is strategically located near producing oil fields and infrastructure. The Ngulu block includes the Loba oil field discovery and a large inventory of high impact prospects in the pre-salt and post-salt plays. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas. For further information contact:Brian Reinsborough, President & Chief Executive OfficerMark Friesen, Vice President, Investor Relations & Capital Markets IR Inquiries Email: [email protected] Inquiries Email: media@re...

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