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Reconnaissance Energy Africa Ltd., a junior oil and gas company, explores oil and gas resources in Namibia and Botswana. It holds 70% interests in the Namibia property comprising six licensed blocks located in the Kavango Basin of Northeast Namibia; 55% working interests in the Gabon property; and 80% working interests in the Angola property. The company is headquartered in Calgary, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Reconnaissance Energy Africa Ltd is an oil and gas exploration company holding licensed acreage in the Kavango Basin of Namibia and Botswana focused on identifying hydrocarbon resources. Long-term growth depends on successful exploration and appraisal, potential development of any discoveries, regional infrastructure progress and commodity price trends, and the company may appeal to investors seeking early-stage exploration exposure in a frontier basin.
Material risks include unproven resources with high exploration and execution risk, ongoing financing requirements, commodity price volatility and environmental or regulatory challenges in the operating jurisdictions.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
| Income before tax | -16.70M | 64.40M | - | - | -263.11M |
| Net income | -15.81M | 41.11M | - | - | -263.41M |
| Selling general administrative | 15.85M | 20.83M | - | - | 32.63M |
| Gross profit | - | - | - | - | 1.49M |
| Reconciled depreciation | - | - | - | - | 0.03M |
| Ebit | - | - | -41.65M | -41.65M | -32.52M |
| Ebitda | - | - | - | - | -259.53M |
| Operating income | -16.30M | -21.27M | - | - | -32.47M |
| Other operating expenses | - | - | - | - | 0.05M |
| Interest expense | - | - | - | - | 3.55M |
| Tax provision | 0.89M | 0.12M | - | - | 0.29M |
| Net interest income | - | - | - | - | -3.55M |
| Income tax expense | - | - | 0.00M | 0.00M | 0.29M |
| Total revenue | 0.00M | 0.00M | - | - | 10.41M |
| Total operating expenses | 16.30M | 21.27M | - | - | 42.88M |
| Cost of revenue | - | - | - | - | 8.92M |
| Total other income expense net | -0.40M | 85.68M | - | - | -227.09M |
| Net income from continuing ops | -17.59M | 64.28M | - | - | -263.41M |
| Net income applicable to common shares | - | - | -52.54M | -52.54M | -263.41M |
| Breakdown | 2026-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
| Total assets | 212.61M | 142.30M | - | - | 133.93M |
| Other current assets | - | - | 17.11M | 17.11M | - |
| Total liab | 4.67M | 5.45M | - | - | 48.70M |
| Total stockholder equity | 207.94M | 136.85M | - | - | 85.22M |
| Other current liab | - | - | 0.73M | 0.73M | - |
| Common stock | - | - | 354.48M | 354.48M | 311.00M |
| Capital stock | 438.02M | 360.54M | - | - | 311.00M |
| Retained earnings | -341.35M | -306.00M | -326.70M | -326.70M | -274.16M |
| Other liab | - | - | 2.57M | 2.57M | 1.05M |
| Cash | 3.29M | 2.08M | - | - | 61.15M |
| Total current liabilities | 2.96M | 4.41M | 92.74M | 92.74M | 47.65M |
| Other stockholder equity | - | - | 68.24M | 68.24M | 48.39M |
| Property plant equipment | - | - | 108.24M | 108.24M | 60.33M |
| Total current assets | 5.44M | 3.05M | 83.09M | 83.09M | 73.60M |
| Net tangible assets | - | - | 96.01M | 96.01M | 85.22M |
| Net receivables | - | 0.00M | 17.68M | 17.68M | 9.83M |
| Accounts payable | 2.24M | 3.35M | 7.27M | 7.27M | 6.64M |
| Non current assets total | 207.17M | 139.25M | - | - | 60.33M |
| Breakdown | 2026-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2024-03-31 | 2023-03-31 | 2022-12-31 | 2022-03-31 |
| Investments | - | -17.38M | - | - | -21.32M |
| Change to liabilities | - | - | 27.55M | 27.55M | 0.88M |
| Total cashflows from investing activities | - | - | -43.44M | -43.44M | -21.32M |
| Net borrowings | - | - | - | - | 0.00M |
| Total cash from financing activities | 36.93M | 8.57M | 47.02M | 47.02M | 87.40M |
| Change to operating activities | - | - | -0.41M | -0.41M | 7.57M |
| Net income | -15.81M | 41.11M | -52.54M | -52.54M | -263.41M |
| Change in cash | -8.12M | -23.37M | 2.98M | 2.98M | 54.36M |
| Begin period cash flow | 11.41M | 38.81M | 61.15M | 61.15M | 6.79M |
| End period cash flow | 3.29M | 2.08M | 38.81M | - | 61.15M |
| Total cash from operating activities | -10.31M | -14.54M | -0.66M | -0.66M | -11.71M |
| Issuance of capital stock | 40.11M | 9.47M | - | - | 90.35M |
| Depreciation | - | - | 0.04M | 0.04M | 0.03M |
| Other cashflows from investing activities | - | - | -13.72M | -13.72M | -13.72M |
| Change to account receivables | - | - | -6.10M | -6.10M | -5.78M |
| Other cashflows from financing activities | - | - | -3.40M | -3.40M | -2.95M |
| Change to netincome | - | - | 30.80M | 30.80M | 249.00M |
| Capital expenditures | 34.75M | 17.11M | 43.44M | 43.44M | 35.64M |
| Change in working capital | 1.87M | 0.48M | - | - | 2.66M |
| Stock based compensation | 4.49M | 5.87M | - | - | 17.87M |
| Other non cash items | 0.07M | 0.07M | - | - | 125.75M |
| Free cash flow | -45.07M | -31.65M | - | - | -47.35M |
Sector: Energy Industry: Oil & Gas E&P
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| RECAF Reconnaissance Energy Africa Ltd |
0.02 4.37% |
0.38 | - | - | 10.10 | 0.98 | 11.64 | -5.56 |
| COP ConocoPhillips |
0.81 0.60% |
136.27 | 18.08 | 13.59 | 2.63 | 2.51 | 2.84 | 6.47 |
| CNQ Canadian Natural Resources Ltd |
- -% |
48.55 | 12.42 | 14.47 | 2.38 | 3.07 | 3.09 | 6.67 |
| EOG EOG Resources Inc |
2.24 1.55% |
147.13 | 9.09 | 8.98 | 3.01 | 2.57 | 2.97 | 5.16 |
| OXY Occidental Petroleum Corporation |
0.02 0.04% |
56.38 | 13.25 | 11.48 | 1.80 | 2.51 | 2.77 | 5.35 |
Reconnaissance Energy Africa Ltd., a junior oil and gas company, explores oil and gas resources in Namibia and Botswana. It holds 70% interests in the Namibia property comprising six licensed blocks located in the Kavango Basin of Northeast Namibia; 55% working interests in the Gabon property; and 80% working interests in the Angola property. The company is headquartered in Calgary, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Craig Arthur-Allan Steinke CPA | Exec. Chairman | 1957 |
| Mr. Scot Evans | Chief Exec. Officer | NA |
| Mr. Carlos Javier Escribano CGA, CPA | Chief Financial Officer | 1978 |
| Ms. Diana Janet McQueen | Sr. VP, Corp. Communications & Stakeholder Relations | 1962 |
| Mr. Nicholas Steinsberger | Sr. VP of Drilling & Completions | 1964 |
| Ms. Michelle Borthwick | Corp. Sec. | NA |
| Hon. Diana Janet McQueen | Executive Chairman of the Board | 1962 |
| Mr. Brian C. Reinsborough | President, CEO & Director | 1962 |
| Mr. Nicholas Steinsberger | Senior Vice President of Drilling & Completions | 1964 |
| Mr. Mark J. Friesen C.F.A. | VP of Investor Relations & Capital Markets | NA |
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