ReconAfrica advances Angola exploration, files first quarter results

Reconnaissance Energy Africa Ltd. (TSXV: RECO, OTCQX: RECAF, Frankfurt: 0XD, NSX: REC) has filed its first fiscal quarter disclosure documents for the period ended March 31, 2025. The company is moving forward with Prospect I, which is management's largest exploration target to date. Recent results from the Naingopo exploration well on PEL 73 aided in the selection of Prospect I. Additionally, ReconAfrica has gained access to over five million acres in Angola, working with partner ANPG to explore this acreage under a Memorandum of Understanding (MOU). A farm-down agreement with BW Energy ("BW") was approved, giving BW a 20% working interest in Petroleum Exploration License 073 ("PEL 73"). ReconAfrica confirms it expects the rig to move in late June to Prospect I with spud shortly thereafter.