Reconnaissance Energy Africa Management

Management criteria checks 0/4

Reconnaissance Energy Africa's CEO is Brian Reinsborough, appointed in Aug 2023, has a tenure of less than a year. directly owns 0.39% of the company’s shares, worth CA$1.04M. The average tenure of the management team and the board of directors is 1.7 years and 2.3 years respectively.

Key information

Brian Reinsborough

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	0.4%
Management average tenure	1.7yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

Reconnaissance Energy Africa (CVE:RECO) Is In A Good Position To Deliver On Growth Plans

May 28

We Think Reconnaissance Energy Africa (CVE:RECO) Can Afford To Drive Business Growth

Feb 07

Companies Like Reconnaissance Energy Africa (CVE:RECO) Are In A Position To Invest In Growth

Mar 01

CEO

Brian Reinsborough (61 yo)

less than a year

Tenure

Mr. Brian C. Reinsborough serves as President & CEO of Founded Venari Resources, LLC in 2012 and serves as its Chairman, President and Chief Executive Officer. Mr. Reinsborough serves as an Executive-in-R...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Craig Steinke	Executive Chairman	2.3yrs	CA$781.32k	1.96% CA$ 5.3m
Carlos Escribano	Chief Financial Officer	4.3yrs	CA$324.00k	0.052% CA$ 140.4k
Brian Reinsborough	President & CEO	less than a year	no data	0.39% CA$ 1.0m
Dilek Kuban	Chief Compliance Officer	1.4yrs	no data	0.068% CA$ 182.2k
Adam Rubin	General Counsel	less than a year	no data	0.058% CA$ 156.8k
Diana McQueen	Senior VP	3.1yrs	no data	no data
Nicholas Steinsberger	Senior Vice President of Drilling & Completions	3.9yrs	no data	0.35% CA$ 939.4k
Christopher Sembritzky	Senior Vice President of Exploration	less than a year	no data	0.066% CA$ 176.8k
Michelle Borthwick	Corporate Secretary	1.7yrs	no data	no data

1.7yrs

Average Tenure

61yo

Average Age

Experienced Management: RECO's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Craig Steinke	Executive Chairman	2.3yrs	CA$781.32k	1.96% CA$ 5.3m
Iman Mohamed Hill	Independent Director	less than a year	no data	no data
Joseph Davis	Independent Director	2.3yrs	CA$236.42k	no data

2.3yrs

Average Tenure

66yo

Average Age

Experienced Board: RECO's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Reconnaissance Energy Africa Management

Management criteria checks 0/4

Key information

Recent management updates

Reconnaissance Energy Africa Ltd. Announces Resignation of Mark Gerlitz from the Board of Directors

Reconnaissance Energy Africa Ltd. Announces Appointment of Iman Hill as New Independent Director, Effective August 29, 2023

Reconnaissance Energy Africa Ltd. Announces Executive Appointments

Insider recently bought CA$165k worth of stock

Reconnaissance Energy Africa Ltd., Annual General Meeting, Aug 30, 2023

High number of new and inexperienced directors

Recent updates

Investor sentiment improves as stock rises 37%

Reconnaissance Energy Africa Ltd. has completed a Composite Units Offering in the amount of CAD 15.00003 million.

Reconnaissance Energy Africa Ltd. Announces Resignation of Mark Gerlitz from the Board of Directors

New major risk - Financial position

Chame Energy Corporation entered into a definitive agreement to acquire Renaissance Oil Corp. from Reconnaissance Energy Africa Ltd. (TSXV:RECO) for approximately $110 million.

Reconnaissance Energy Africa Ltd. announced that it has received CAD 1.20008 million in funding

Reconnaissance Energy Africa Ltd. Announces Appointment of Iman Hill as New Independent Director, Effective August 29, 2023

Reconnaissance Energy Africa Ltd. announced that it expects to receive CAD 1.2 million in funding

Reconnaissance Energy Africa Ltd. announced that it has received CAD 0.879949 million in funding

Reconnaissance Energy Africa Ltd. Announces Executive Appointments

Full year 2023 earnings released: CA$0.29 loss per share (vs CA$1.51 loss in FY 2022)

Insider recently bought CA$165k worth of stock

Reconnaissance Energy Africa Ltd. Receives Environmental Clearance Certificate to Drill 12 New Wells in the Kavango Basin, Namibia

New major risk - Financial position

New minor risk - Shareholder dilution

Reconnaissance Energy Africa Ltd. has completed a Composite Units Offering in the amount of CAD 5 million.

Reconnaissance Energy Africa Ltd., Annual General Meeting, Aug 30, 2023

Reconnaissance Energy Africa (CVE:RECO) Is In A Good Position To Deliver On Growth Plans

We Think Reconnaissance Energy Africa (CVE:RECO) Can Afford To Drive Business Growth

Reconnaissance Energy Africa Ltd. Provides an Operational Update

High number of new and inexperienced directors

Reconnaissance Energy Africa Ltd. Provides Update on Drilling and New Seismic Results

Reconnaissance Energy Africa Ltd. Appoints Michelle Borthwick as Corporate Secretary

Reconnaissance Energy Africa Ltd. and NAMCOR Successfully Reach Total Depth of the 8-2 Well on Time & on Budget

Reconnaissance Energy Africa Ltd. and Respondents Win Complaint Hearing, High Court of Namibia Dismisses Application for Interdict

Reconafrica and NAMCOR Announce the Spud of the First of Four Oil Targets in the Kavango Basin

Reconafrica and Namcor Complete 2Nd Phase of Seismic & Prepare to Spud the First of Four Oil Targets in the Kavango Basin

Reconnaissance Energy Africa Ltd. Announces the Retirement of Anna Tudela, Corporate Secretary

Reconnaissance Energy Africa Ltd. Announces an Independent Third Party Oil and Natural Gas Resource Report for the Kavango Basin Onshore Namibia and an Operations Update

Less than half of directors are independent

Reconnaissance Energy Africa Ltd. Provides an Exploration Update for the Kavango Basin in NE Namibia and NW Botswana

Reconnaissance Energy Africa Ltd., Annual General Meeting, Jun 08, 2022

Reconnaissance Energy Africa Ltd. has completed a Composite Units Offering in the amount of CAD 41.275 million.

Reconnaissance Energy Africa Ltd. (TSXV:RECO) entered into an agreement in principle to acquire additional 5% minority stake in Petroleum Exploration Licence 73 in the Kavango Basin from National Petroleum Corporation of Namibia for CAD 35.6 million.

Reconnaissance Energy Africa Ltd. (TSXV:RECO) entered into an agreement in principle to acquire additional 5% minority stake in Petroleum Exploration Licence 73 in the Kavango Basin from National Petroleum Corporation of Namibia for CAD 34.3 million.

Reconnaissance Energy Africa Ltd. Provides Operations Update

Insider recently sold CA$110k worth of stock

Levi & Korsinsky, LLP, Researching Possible Securities Law Violations Reconnaissance Energy Africa Ltd

Insider recently bought CA$57k worth of stock

Independent Director recently sold CA$289k worth of stock

Insider recently sold CA$641k worth of stock

Reconafrica & Namcor Provide Additional Drilling Results and Plans for Next Exploration Phase in the Kavango Basin

Chief Financial Officer exercised options and sold CA$694k worth of stock

Reconnaissance Energy Africa Ltd. Provides Operational Update

Reconnaissance Energy Africa Ltd. Announces First Section of the Second Well (6-1) Provides Further Confirmation of Working Petroleum System

Reconnaissance Energy Africa Ltd. has completed a Composite Units Offering in the amount of CAD 36.0012 million.

Chief Financial Officer recently sold CA$100k worth of stock

Reconnaissance Energy Africa Ltd. Updates Drilling Second Well in the Kavango Basin

Insider exercised options and sold CA$77k worth of stock

Insider exercised options to buy CA$1.2m worth of stock.

Reconnaissance Energy Africa Ltd. Announces the First of the Initial Three Well Drilling Program, the 6-2 Well, Was Successfully, Temporarily Capped on April 19, 2021

Senior Vice President of Investor Relations Doug Allen has left the company

Insider exercised options to buy CA$2.5m worth of stock.

Companies Like Reconnaissance Energy Africa (CVE:RECO) Are In A Position To Invest In Growth

Reconnaissance Energy Africa Ltd. Provides Update on Drilling Operations in the Kavango

Reconnaissance Energy Africa Ltd. Appoints Mark Gerlitz to the Board of Directors

Reconnaissance Energy Africa Ltd. Commences the Permitting Process for the Acquisition of 450 Kilometers of 2D Seismic Data in the Deep Kavango Basin

New 90-day high: CA$2.50

Reconnaissance Energy Africa Ltd. Commences Drilling Operations on the First Well (6-2), of an Initial Three Well Program

Reconnaissance Energy Africa Ltd. Amend Exploration License to Exclude Entire Tsodilo Hills Area

Reconnaissance Energy Africa Ltd. Announces Drilling Rig on Location, Namibia

Independent Director recently sold CA$173k worth of stock

New 90-day high: CA$1.25

Reconnaissance Energy Africa Ltd. to Provide an Operations Update

Reconafrica Completes Technical Evaluation of the Conventional Structures Throughout the Entire Kavango Basin, Namibia & Botswana

New 90-day high - CA$1.06

Reconnaissance Energy Africa Ltd. Announces Executive Changes

Insider recently bought CA$123k worth of stock

Reconnaissance Energy Africa Ltd. has completed a Composite Units Offering in the amount of CAD 22 million.