Reconnaissance Energy (Africa) Ltd (OTCMKTS: RECAF) has risen to the occasion, providing candid facts to clear the air around the distorted and false reports from a short seller.
What did the short seller say?
The short seller spoke out recently, and it rubbished all claims about the presence of oil in the Kavango Basin. The information has been confusing to investors and other parties interested in the company’s undertakings.
There have been many reasons to trust the company, the first one being the involvement of experienced prominent geoscientists in the company’s undertakings. These experts have in the past confirmed that the Kavango Basin has rich oil deposits, something that the report dismisses as false.
The company believes that there are adequate reasons for anyone to dismiss everything the short report outlines. One of the biggest reasons not to trust the short report is that it lacks geological expertise. Reconnaissance Energy says that it doesn’t make sense to provide such crucial information when the party lacks the experience and practical geological expertise. The short report isn’t presenting any actual data, and the company reads malice between the lines. It dismisses the reports as biased, unsupported, and distorted.
Why should one trust ReconAfrica?
There happen to be many reasons for anyone to trust the company, the most important being its longstanding and unwavering dedication to business and investors over the years. This company has been keen on exploring exploration strategies, always turning to the most logical blueprints.
The other notable attribute about the company happens to be its continued and tacit conformity to the best industry practices. It bears outstanding knowledge regarding the Geology of Northwest Botswana and Namibia, and that is more reason for anyone to trust the ReconAfrica report.
The company exudes confidence while speaking about a working petroleum system, which is worth considering for anyone misled by the other report.
 Ltd (OTCMKTS: RECAF) Responds Candidly To Short Seller’s Distorted Report){kind=link}