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

ReconAfricaのワイルドライド:「数十億バレル」とフラッキングの論争の約束

Benzinga ·  2024/11/04 06:30
  • 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...
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