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ReconAfrica Responds to New Misinformation Campaign
ReconAfrica Responds to New Misinformation Campaign Canada NewsWire V...
About this update from Reconnaissance Energy Africa Ltd.
[{"type":"text","content":"\n \n \n \n ReconAfrica Responds to New Misinformation Campaign\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Aug. 17, 2021\n \n /CNW/ - Reconnaissance Energy Africa Ltd. (the\n \n \"\n \n Company\" or\n \n \"\n \n ReconAfrica\") (TSX-V: RECO) (OTCQX: RECAF) (\n \n Frankfurt\n \n : 0XD) has received and reviewed a report issued yesterday by Viceroy Research, a stock-market short-seller, about the Company's exploratory drilling program in\n \n Namibia\n \n .\n \n \n \n \n \n \n \n \n \n The report, like previous misinformation campaigns launched by Viceroy, contains many intentionally false allegations and displays an unfortunate lack of knowledge and understanding of geology and oil-and-gas exploration. It also unfairly defames government and company officials.\n \n \n To correct the misinformation disseminated today by the short-seller, ReconAfrica can summarize and reaffirm the intention and recent results of the exploratory drilling program it began in\n \n Namibia\n \n , as follows:\n \n \n \n ReconAfrica, in collaboration with the Government of the Republic of\n \n Namibia\n \n , set out this year with a stratigraphic drilling program to prove there is an active conventional petroleum system in the Kavango Sedimentary Basin. The released data and analysis from the first well confirm this. In conventional oil and gas systems, petroleum migrates along faults, fractures, or porous rock from a source to a reservoir. We are confident that this data confirms we have a conventional petroleum system. No fracing is planned or permitted by the Government of\n \n Namibia\n \n . Find a summary from our first stratigraphic well\n \n HERE\n \n .\n \n \n Based on the promising results of the first two stratigraphic test wells, ReconAfrica has initiated a government-approved, low-impact, 2D seismic program (\n \n Seismic Fact Sheet\n \n ) designed to delineate potential hydrocarbon-bearing reservoirs to aid in the assessment of establishing commerciality in the Kavango Sedimentary Basin.\n \n \n As it has...