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ReconAfrica Announces Second Quarter Filings
Globenewswireยท2025-08-25 22:00

Core Viewpoint - Reconnaissance Energy Africa Ltd. has filed its fiscal second quarter disclosure documents for the period ended June 30, 2025, including unaudited consolidated financial statements and Management's Discussion and Analysis [1] Operational and Corporate Update - The company spud the Kavango West 1X exploration well on July 31, 2025, and drilling is currently on schedule [2][3] - The company expects to penetrate the Otavi reservoir by late October and reach total depth by the end of November 2025, with well results anticipated around year-end [2][3] Financial Update - On June 17, 2025, the company closed a C$19 million equity financing, which was upsized from the originally announced C$10 million offering [7]