Ambitious Canadian junior Reconnaissance Energy Africa has struck a deal to boost its holdings in the promising frontier Kavango basin onshore Namibia where it plans to fire up a major three-to-six well wildcatting campaign in the second half of this year.

This news emerged just after the company was served with a class action complaint on 4 February, an event that had little impact on its stock price in Toronto which rose from C$6.44 (US$5.07) in the afternoon of 3 February to close at C$6.69