Past is Prologue Horn Petroleum was the predecessor to Africa Energy. They drilled to TD and ran casing with the Govt officials in Puntland and investors all excited about an initial oil find. However, it was later announced that the oil had migrated due to the lack of a trap. The stock spiked and then tanked.
Similarly, Total and Eco Atlantic withheld critical flow data on their well for more than a month and committed gross misrepresentation in my opinion..The well is likely non-commercial.