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#JustIn: ReconAfrica appoints new top brass

Jo-Maré Duddy
Reconnaissance Energy Africa has appointed Brian Reinsborough as president and CEO of the company, effective 7 August 2023, while Adam Rubin will be the new general counsel of ReconAfrica.

The company recently received its environmental clearance certificate (ECC) from the office of the environmental commissioner at the ministry of environment, forestry and tourism to start drilling an additional 12 exploration and appraisal wells, to unrestricted depths, in the Kavango Basin.

Releasing a statement to investors, ReconAfrica said Reinsborough has worked globally for Mobil Oil, Nexen, Warburg Pincus and Venari Resources.

“Brian has discovered over 2 billion of barrels of oil equivalent over the course of his career in the deepwater Gulf of Mexico. During his career he has been involved with some of the largest discoveries in the history of the Gulf of Mexico including Appomattox, Anchor, and Shenandoah,” the company said.

Reinsborough has “significant experience in attracting financing and talent for exploration-based businesses having raised over US$2.0 billion of private equity financing in his previous company”, ReconAfrica added.

Rubin 25 years of legal, commercial, strategic and executive experience in the oil and gas industry.

“He has provided insight and advice to public CEOs, board chairs and executive management teams. He has significant experience negotiating successful complex, high-profile, multi-party corporate, financial and international transactions,” ReconAfrica said.

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Allgemeine Zeitung 2024-05-06

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 315.31/OZ UP +0.59% | Copper US$ 4.59/lb UP +1.30% | Zinc US$ 2 924.30/T DOWN -0.08% | Brent Crude Oil US$ 84.18/BBP UP +0.83% | Platinum US$ 962.37/OZ UP +0.68%