ReconAfrica’s micro-response to our report contains zero facts, addresses none of Viceroy’s pertinent questions, and is loaded with promotional language.
JUNE 29, 2021 – On June 28, 2021, Reconnaissance Energy Africa responded to Viceroy Research’s report, titled “ReconAfrica – No Oil? Pump Stock” (Report – June 24, 2021), which can be found on the link below:
Given RECO’s penchant for stock promotion and operational opaqueness it was entirely unsurprising that RECO management’s response to our Report was loaded with promotional language (including anchoring statements to specialists they perceive to be reputable), addressed no specific issues raised in our report, and provided zero new data for investors.
This report was updated on June 30, 2021. The sentence ending in “…intercepting shows far shallower than their target depth.” was changed from “…intercepting shows far below their target depth.”.