Reconnaissance Energy Africa stock costs EUR 0.36, volume 72.67 percent below average

Published on 10/15/2026 at 20:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

On September 28, 2026, October drilling was scheduled to last one month. Reconnaissance Energy Africa stock costs EUR 0.36 on October 15, 2026.

Trading volume and operations

Share volume reached 132,455 on October 15, 2026, 72.67 percent below its average.
A September 28, 2026 release said October horizontal drilling was scheduled to last one month.
Reconnaissance Energy Africa stock costs EUR 0.36 at Lang & Schwarz on October 15, 2026 at 8:29 p.m. CEST.
Market capitalization stood at CAD 216.6 million on October 15, 2026.

RECO, CA75624R1082, Illustration mit AI erstellt.

Reconnaissance Energy Africa stock was at EUR 0.36 at Lang & Schwarz on October 15, 2026 at 8:29 p.m. CEST. Trading activity on the TSXV reached 132,455 shares, 72.67 percent below the average volume of 484,608 shares.

The latest operating timetable centers on the Kavango West 1X well in Namibia. In a release dated September 28, 2026, ReconAfrica said horizontal drilling could begin in October, subject to approvals, and was scheduled to take approximately one month.

Operations remain the main company marker

The same release said the Jarvie-1 rig had returned to work and that the planned horizontal test was intended to establish sustained flow rates, liquid composition and liquid yields from the gas stream. The company also described thermogenic gas with liquid potential in samples from the Huttenberg and Elandshoek formations.

For investors, the timetable matters because the drilling program is designed to provide deliverability and pressure-response information at KW1X. The release also said the horizontal wellbore could extend up to 1,000 metres, while flow testing was planned immediately after completion.

Market value and share range

Reconnaissance Energy Africa had a market capitalization of CAD 216.6 million on October 15, 2026. Its TSXV price stood at CAD 0.57 at 6:25 p.m. CEST, while the 52-week range was CAD 0.42 to CAD 1.35. The current price was 35.71 percent above the 52-week low and 57.78 percent below the 52-week high.

The investor page identifies the company as listed on the TSXV under RECO, on the OTCQX under RECAF and in Frankfurt under 0XD. ReconAfrica describes its business as oil and gas exploration in Namibia, Botswana, Angola and Gabon, with the investor page also listing the Frankfurt quote and the TSXV market information.

What the schedule means for timing

The September 28 release provided an October operating window rather than a single drilling date. It also said approvals and equipment arrival remained conditions for the horizontal phase, making the planned one-month duration a timetable rather than a completed result.

The euro quote after hours

The Lang & Schwarz quote stood at EUR 0.36 on October 15, 2026 at 8:29 p.m. CEST. The dated market values place the stock above its 52-week low but below its 52-week high, while the lower-than-average TSXV volume points to a quiet trading profile during the reported session.

The further course of trading is shown by the continuously updated real-time quote of Reconnaissance Energy Africa stock.