Mr. Scot Evans reports
RECONAFRICA STOCK OPTION GRANTS
Reconnaissance Energy Africa Ltd., pursuant to the company's stock option plan, has granted to consultants and employees of the company options to purchase an aggregate of 825,000 common shares of the company at a price of $2.19 per share. Three hundred fifty thousand options will expire three years from the date of grant, and 475,000 will expire five years from the date of grant.
Reconnaissance is a junior oil and gas company engaged in the opening of the newly discovered deep Kavango sedimentary basin in northeastern Namibia and northwestern Botswana, where the company holds petroleum licences comprising approximately 8.5 million contiguous acres. In all aspects of its operations, Reconnaissance is committed to minimal disturbances in line with international best standards, and will implement environmental and social best practices in all of its project areas.
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