Things are not always what they seem Recent misinformation deceives many.
Firstly, the General Manager of Reconnaisance Namibia - a fully owned subsidiary that holds the PEL - has publicly stated flowing oil was discovered at 8-2. Reco has not confirmed nor denied it as required under the securities laws for materiality.This could mislead investors in buying up the stock and inflating the stock price,
Secondly, the viral rumors that there was a gas flare at the well as seen from outer space was unsupported. What was seen was actually bush fires at Kevango West and East. The Company let the rumors ran amok without denying them. Again, misleading investors to pump up the stock price.
Still no flow test, no proof of commerciality as guaranteed by Reco for year-end.
Misinformation is fraud.