Reconnaissance Energy Africa (TSE:RECO) has released an update.
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Reconnaissance Energy Africa Ltd. has announced significant progress in their exploration activities, including drilling the Naingopo well past 2,400 meters and preparing for the Kambundu well. Financially, they’ve secured a strategic equity investment and completed two successful public offerings, while also achieving a near $1 million reduction in G&A costs. Moreover, the company is set to release its inaugural Sustainability Report, highlighting its commitment to environmental and social governance.
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