AMABHUNGANE: Canadian company exploring for oil in Namibia in credibility battle

📆 16/12/2022 00:24:00
📰 dailymaverick

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ReconAfrica, a start-up oil exploration company with interests in Namibia and Botswana, is fighting for survival as its auditors resign, a cash crunch looms and a New York court battle with disgruntled investors comes to a head.

by Timo Shihepo and Sam Sole for amaBhungane, Daily MaverickCanadian company exploring for oil in Namibia in credibility battle by Timo Shihepo and Sam Sole for amaBhungane, Daily Maverick December 15, 2022 Descending upon Namibia’s environmentally sensitive Kavango East region in 2015 was the easy part for junior Canadian oil and gas company ReconAfrica. After all, the company was valued at R141-million in 2015.

This article first appeared on Daily Maverick and is republished here under a Creative Commons license.

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