Reconnaissance Energy Africa Ltd. reported earnings results for the first quarter ended June 30, 2023. For the first quarter, the company reported sales was CAD 4.21 million compared to CAD 8.03 million a year ago. Revenue was CAD 0.822162 million compared to CAD 1.69 million a year ago.

Net loss was CAD 13.85 million compared to CAD 14.32 million a year ago. Basic loss per share from continuing operations was CAD 0.07 compared to CAD 0.07 a year ago.