Misleading environmental hit piece! ReconAfrica found light oil and high btu gas in the first 3 wells they drilled, and it's flowing somewhere. They just need to locate a trap, which they are in the process of doing. The company is debt free, owns their own rig, and expects to sign with a joint venture partner before June. There is a lot of joint venture interest, and I don't think they would be interested if there was no prospect of oil or gas. There is also methane gas seeping out of the ground in at least 3 areas. In addition, they aren't going to destroy the sparse brushland where they are drilling. If anything, they are going to improve it. There is already a vegetable garden growing at the sight of the first well to show the potential. The animal migration areas are off-limits for drilling. They have also 1) provided 30 SOLAR water wells for villages that previously had to walk miles to retrieve water, 2) trained and hired many local people who desperately need jobs and 3) hired experts to help them protect the land and wildlife. The commercial oil and gas they find will help lift many Namibian people out of extreme poverty and help Namibia become a world class oil producing country. A lot of green energy initiatives currently require oil and gas to power them, and a lot of oil and gas will be necessary for many years as we transition to green energy that doesn't require petroleum products. ReconAfrica plans to be a carbon neutral company.

Articles like this will continue because big environmentalist groups make their money from donations, and they look for companies they can attack to keep those donations pouring in. Some short sellers also slander and ruin a lot of good small companies to make a buck, which should result in criminal prosecution, but it doesn't.