Skip links

ReconAfrica – Polarization & Disengagement

JULY 14, 2021 – Viceroy calls for the immediate revocation of ReconAfrica’s (seismic approval. We raise further issues with RECO’s communications. RECO show clear contempt for stakeholders and a willingness to distort the truth to further their aims.

  • RECO announced the completion of drilling of their 6-1 well in a press release almost entirely devoid of all other information including the depth achieved, and the age or depth of any shows.
  • Earlier this morning RECO released an ESG statement through their Twitter account. Buried in the statement is the clear admission that the company has not completely ruled out fracking. Instead, the company says that “the Namibian people and authorities will determine if and how they will extract that reserve.”
  • RECO’s February 2021 public consultation was not only unprofessional, it failed to answer serious questions about the economic, geological and social nature of their project. Company spokespeople failed to answer even basic technical questions. We have attached a link to a video of the consultation.
  • One of RECO’s spokespeople, Dr Mwiya is responsible for the registration of interested and affected parties for the public consultation regarding the 2D seismic program. In email communications with stakeholders Dr Mwiya shows a clear bias, protecting the company and insulting stakeholders directly.

As a supplement to this report we suggest readers confirm for themselves the content of Dr Mwiya’s communications which begin on page 467 of “Annex” below

 

Important Disclaimer – Please read and acknowledge before continuing

Viceroy Research LLC are an investigative financial research group registered in Delaware, USA.

Our research reports have been prepared for educational purposes only and expresses our opinions. Our reports and any statements made in connection with them are the authors’ opinions, which have been based upon publicly available facts, field research, information, and analysis through our due diligence process, and are not statements of fact. All expressions of opinion are subject to change without notice, and we do not undertake to update or supplement any reports or any of the information, analysis and opinion contained in them. We believe that the publication of our opinions about public companies that we research is in the public interest. We are entitled to our opinions and to the right to express such opinions in a public forum. You can access any information or evidence cited in this report or that we relied on to write this report from information in the public domain.

To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stocks covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. We have a good-faith belief in everything we write; however, all such information is presented “as is,” without warranty of any kind – whether express or implied.

In no event will we be liable for any direct or indirect trading losses caused by any information available on this report. Think critically about our opinions and do your own research and analysis before making any investment decisions. We are not registered as an investment advisor in any jurisdiction. By downloading, reading or otherwise using our research reports, you agree to do your own research and due diligence before making any investment decision with respect to securities discussed herein, and by doing so, you represent to us that you have sufficient investment sophistication to critically assess the information, analysis and opinions in this report. You should seek the advice of a security professional regarding your stock transactions.

This website, all documents contained herein or any information herein should not be interpreted as an offer, a solicitation of an offer, invitation, marketing of services or products, advertisement, inducement, or representation of any kind, nor as investment advice or a recommendation to buy or sell any investment products or to make any type of investment, or as an opinion on the merits or otherwise of any particular investment or investment strategy.

Any examples or interpretations of investments and investment strategies or trade ideas are intended for illustrative and educational purposes only and are not indicative of the historical or future performance or the chances of success of any particular investment and/or strategy.

You should assume that the authors have a direct or indirect interest/position in all stocks (and/or options, swaps, and other derivative securities related to the stock) and bonds covered herein, and therefore stand to realize monetary gains in the event that the price of either declines.

The authors may continue transacting directly and/or indirectly in the securities of issuers covered herein for an indefinite period and may be long, short, or neutral at any time hereafter regardless of their initial recommendation.