Resource, Energy, and Infrastructure Development
Projects & Updates
We remain focused on disciplined execution, strategic partnerships, and value creation as we move projects from opportunity to performance.
Explore REIN Capital’s current projects and latest developments across Africa’s Natural Resources, Energy, and Infrastructure sectors. This section highlights the platforms and assets we are actively advancing, along with key milestones and progress updates.
Momentum has resumed at the Dawes Island Marginal Field following a Federal High Court judgment reinstating the asset to Eurafric Energy Limited. The company has reactivated its development programme with renewed international financial backing and a structured production strategy.
Toronto-based REIN Capital has reinstated its commitment to a US$109 million working capital facility to fund drilling, completion, and field infrastructure. The financing, backed by Canadian investor Michael Wekerle, reflects continued confidence in the asset’s reserves and commercial potential.
Eurafric’s development plan includes the drilling of five new wells, phased production ramp-up, installation of permanent facilities, and a medium-term production target of approximately 20,000 barrels per day. The strategy emphasizes scaled, sustainable output supported by long-term infrastructure planning.
In parallel, REIN Capital is evaluating a potential listing of Eurafric Energy on the Canadian Securities Exchange (CSE), aimed at enhancing transparency and expanding access to international capital markets.
With legal clarity established, funding reinstated, and a defined operational roadmap in place, Dawes Island is transitioning from litigation resolution into active field development, positioning Eurafric among indigenous operators with demonstrated access to international capital.
The license areas are prospective for critical rare earth minerals, as well as gold and copper, positioning the project within a highly strategic mineral corridor. Geologically, Gabon shares continuity with the prolific mineralization trends seen across the Democratic Republic of Congo, underscoring the strong exploration potential of these assets. Through this partnership, REIN aims to apply disciplined technical evaluation and strategic development planning to unlock the value of these highly prospective licenses.
REIN Capital is actively advancing a portfolio of three marginal oil fields in Nigeria, with two positions secured and a third currently under negotiation. These assets represent strategic opportunities to unlock stranded production through disciplined technical evaluation, efficient field development, and strong local partnerships. Our focus is on optimizing recovery, enhancing operational performance, and delivering commercially sustainable production while adhering to Nigeria’s regulatory framework and industry best practices.
REIN Capital is participating in the Nigerian Upstream Regulatory Agency (NUPRC) 2026 bid round through partnership with indigenous bidders.
Strengthening local beneficiation and value retention within the country’s mining sector. The initiative is designed to work directly with gold producers, providing a reliable in-country refining solution that supports transparent offtake, improves pricing efficiency, and enhances compliance with international standards.
By building domestic refining capacity, the partnership aims to formalize supply chains, support responsible mining practices, and capture greater economic value within Nigeria.