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ReconAfrica's Wild Ride: Promises Of 'Billions Of Barrels' And The Fracking Controversy

ReconAfrica's Wild Ride: Promises Of 'Billions Of Barrels' And The Fracking Controversy

ReconAfrica的惊险之旅:"数十亿桶"的承诺和水力压裂争议
Benzinga ·  2024/11/04 20:30
ReconAfrica debuted on the OTC markets in February 2019 after a reverse takeover of Lund Enterprises Corporation. ReconAfrica initially promoted plans to use fracking in Namibia, claiming potential for "billions of barrels" of oil. However, in September 2020, the Namibian government clarified that fracking wasn't authorised. The company quickly shifted to conventional oil production and, on April 15, 2021, announced "clear evidence" of a working oil system from its first test well, doubling its stock price in just two days. In August 2021, after Viceroy Research released several reports, ReconAfrica disclosed test well data that showed poor oil and gas prospects. Following this disclosure...
ReconAfrica于2019年2月在场外交易所进行了Lund Enterprises Corporation的倒手收购后首次亮相。 ReconAfrica最初宣传计划在纳米比亚使用水力压裂技术,声...
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