A well written article that is an essential read for anyone needing a refresher on this unfortunate saga. All about greed.
Thia is the final statement:
For ReconAfrica’s investors, it’s a less happy result. One way to think about ReconAfrica is as a mechanism for sucking millions of dollars out of the pockets of investors. That’s a mechanism that is as old as capitalism itself.
In any case, Steinke and his pals have already moved on to a new adventure — in Kansas, of all places. This play is not for oil — it’s for helium, the gas used in party balloons, but also increasingly valuable in high-tech manufacturing. The playbook for this company, called Total Helium, appears to be identical: the same key players (Telfer, Keep, Steinke). The same targeting of investors. The same hype from Oilprice.com (“Unprecedented Helium Shortage Could Send Prices Sky-High”). There are no migrating herds of elephants at risk in Kansas, but the hustle goes on.