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.
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