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Will Africa Be the Last Oil Frontier?

Will Africa Be the Last Oil Frontier? A major struggle over resources is unfolding in southern Africa. In the wildlife preserves of the Okavango Delta—home to 200,000 people and spanning parts of Namibia and Botswana—a Canadian oil company is drilling for oil over the fierce opposition of indigenous people, activists and environmental experts. The company, Reconnaissance Energy Africa—known as ReconAfrica—has a plan objectionable to virtually everyone except its investors and Namibian a...
Namibia General United States Niger Delta Nigeria General France General United Kingdom
Source: newpol.org

ReconAfrica, oil exploration company in Okavango wilderness, misled investors, says SEC complaint

Email ReconAfrica, a Canadian company exploring for oil and gas upstream of one of Africa’s most lush and wildlife-rich habitats, may have fraudulently misled investors by misrepresenting its work on the project, according to several experts and allegations in a whistleblower complaint filed with the U.S. Securities and Exchange Commission (SEC). The whistleblower, who acknowledged having submitted the report confidentially to avoid retribution and harassment, allowed National Geographic to ...
United States Scot Evans Calle Schlettwein Matt Totten Jr Stephen Macsearraigh Okavango Delta

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