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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Article in AZ Namibia
View:
Post by vdgruck on May 10, 2021 5:07am

Article in AZ Namibia

Original and English translation: https://www.reddit.com/r/ReconAfrica/comments/n9003r/article_in_az_namibia/
Comment by vdgruck on May 10, 2021 6:07am
main take-away: after only been given the preview of the front page yesterday (and not knowing what the rest of the article would say), we know have certainty that it is nonsense. Just another hit piece with no substance.
Comment by GorgeousGeorge1 on May 10, 2021 7:51am
At a guess, I'd say this farmer has no legal recourse, but he's been asked by an environmental group to engage. After it gets thrown out of court, the environmental group gets to push the 'poor farmer thrown off land by exploitive oil company' narrative. They have nothing to lose in this process. That's the cynic in me though, could be legit
Comment by vdgruck on May 10, 2021 8:59am
I would assume the government (or the respective ministry) will take this on with a press release and RA will stay quiet for now. RA will show AZ how wrong the claims regarding oil were once they release 6-2, 6-1 and seismic details. But agree with your point, it's a win-win for the enviros.
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