Reconnaissance Energy Africa (TSE:RECO) has released an update.
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Reconnaissance Energy Africa Ltd. has completed its annual filings, reporting the sale of Renaissance Oil Corporation for C$10.3 million and the reduction of C$100 million in liabilities, alongside operational advancements in its Namibian exploration activities. The company has been granted a new exploration period by Namibia’s Ministry of Mines and Energy, completed significant technical evaluations, and announced the drilling of the Naingopo well with potential for significant oil resources.
For further insights into TSE:RECO stock, check out TipRanks’ Stock Analysis page.
