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EQUITY ALERT Rosen Law Firm Encourages Reconnaissance Energy Africa Ltd. Investors with Losses to Inquire About Class Action Investigation – RECAF

WHY: Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Reconnaissance Energy Africa Ltd. (OTC: RECAF) resulting from allegations that ReconAfrica may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased ReconAfrica securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2100.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On May 11, 2021, National Geographic published an article entitled “Oil company exploring in sensitive elephant habitat accused of ignoring community concerns: Namibians allege ReconAfrica disposed of wastewater unsafely, without permits, and ignored concerns about potential impact of oil drilling on water and wildlife.” The article reported, among other things, that “ReconAfrica, a Canadian company exploring for oil and gas in Namibia upstream of a world-famous UNESCO World Heritage site that’s home to elephants and other wildlife is disposing of wastewater without permits, according to a government minister.” The article detailed that “[d]rilling for the first test well began in January, and waste fluids are being stored in what appears to be an unlined pond, where they could leach into the ground and contaminate the water supply in this desert region[,]” and “Namibia’s minister of agriculture, water, and land reform, the agency responsible for water-related permits, told National Geographic in a written statement that ReconAfrica does not yet have permits approved to extract water to use in its drilling operations nor to dispose of the waste water[.]”

On this news, ReconAfrica’s stock price fell 6% to close at $7.50 per share on May 11, 2021.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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Diskussion: öl und gas


41 Kommentare
Nachrichtenquelle: Business Wire (engl.)
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24.06.22 16:28:04
Vielleicht sollte man dir mal deine "Magentastifte" abnehmen. Die Dämpfe scheinen bei dir nichts positives zu bewirken...Da muss man sich langsam "Gedanken" machen. Noch nicht ein Kommentar oder Argument mit Gewichtung. Klasse Leistung im Board! 👍 Aber als Troll bist du hier ja schon hinlänglich bekannt. :keks:

Ich sags dir gerne nochmal...Wenn man noch nicht mal den Unterschied zwischen Produktion und Exploration kennt (Verweis auf deinen "glorreichen" Beitrag Nr.: 68.366.516 aus 2021), sollte man lieber seine unqualifizierten Kommentare ganz - aber wirklich GANZ weit hinten anstellen.

So und jetzt geh weiter mit deinen Magentastiften spielen. Bis zum "nächsten" mal.
Avatar
21.06.22 13:45:10
Was hat das mit Recon zu tun ?
Avatar
21.06.22 13:27:07
Alles offshore... Und so wie es aussieht hat recon ja wohl nicht an den falschen Stellen gebohrt. Erstaunliche Treffer bei den ersten blindbohrungen
Avatar
13.05.22 17:15:17
Wie wäre es mit diesem Job bei Recon 😃

Reports To: Manager, Financial Reporting

Location: Vancouver, BC or Calgary

Position Summary: The Junior Accountant will play a key role in processing the company’s accounts payable transactions and general bookkeeping. The selected candidate will accurately process all invoices, while administering the internal payment procedures and handle record keeping of certain subsidiaries for ReconAfrica. The candidate will have superior attention to detail with an ability to investigate accounting discrepancies and call vendors or internal staff to resolve accordingly.

https://www.glassdoor.ca/job-listing/junior-accountant-JV_IC…

Disclaimer

EQUITY ALERT Rosen Law Firm Encourages Reconnaissance Energy Africa Ltd. Investors with Losses to Inquire About Class Action Investigation – RECAF WHY: Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Reconnaissance Energy Africa Ltd. (OTC: RECAF) resulting from allegations that ReconAfrica may have issued …

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