Reconnaissance Energy Africa Ltd.


Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Reconnaissance Energy To Contact Him Directly To Discuss Their Options

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Reconnaissance Energy Africa Ltd. (“Reconnaissance Energy” or the “Company”) (OTC: RECAF) and reminds investors of the December 27, 2021 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $50,000 investing in Reconnaissance Energy options between February 28, 2019 and September 7, 2021 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

There is no cost or obligation to you.

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) ReconAfrica’s plan for using unconventional means for energy extraction (including fracking) in the fragile  Kavango area; (2) that ReconAfrica would begin unlicensed drilling tests; (3) that ReconAfrica would illegally use  water for well testing; (4) that ReconAfrica would illegally store used water in unlined pools; (5) that ReconAfrica  would skirt Namibian law and hire an inadequate and inappropriate consultant; (6) that, as a result, ReconAfrica  risked future well, drilling, and water-related licenses in Namibia and Botswana; (7) that, as opposed to its  representations, ReconAfrica did not reach out nor provide adequate information (including in relevant local  languages) through accessible means to those to be impacted by its testing and potential energy extraction; (8) that  ReconAfrica’s interests are in the Owambo Basin, not the so-called Kavango Basin; (9) that ReconAfrica has  continuously engaged in stock pumping; and (10) as a result of the foregoing, Defendants’ public statements were  materially false and/or misleading at all relevant times.

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Reconnaissance Energy Africa Ltd.

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Details

Filed on 10/25/2021

Ticker RECAF

Class period 02/28/2019 - 09/07/2021

Lead Plaintiff Deadline 12/27/2021

22 days remaining

Office

685 Third Avenue 26th Floor

10017 New York, New York

Phone (212) 983-9330

Fax (212) 983-9331

Counsel

James M. Wilson, Jr. jwilson@faruqilaw.com Phone (212) 983-9330 Fax (212) 983-9331

Robert W. Killorin rkillorin@faruqilaw.com Phone (404) 847-0617 Fax (404) 506-9534

Finding us

Our Offices


Our offices are nationwide. If you have any questions about a case or our firm, please contact us.

New York

685 Third Avenue 26th Floor
New York, New York 10017
(212) 983-9330
(877) 247-4292
(212) 983-9331

California

10866 Wilshire Boulevard Suite 1470
Los Angeles, California 90024
(424) 256-2884
(424) 256-2885

Georgia

3975 Roswell Rd Suite A
Atlanta, Georgia 30342
(404) 847-0617
(404) 506-9534

Pennsylvania

1617 JFK Boulevard, Suite 1550
Philadelphia, Pennsylvania 19103
(215) 277-5770
(215) 277-5771

Faruqi & Faruqi office in New York, New York

Faruqi & Faruqi office in Los Angeles, California

Faruqi & Faruqi office in Atlanta, Georgia

Faruqi & Faruqi office in Philadelphia, Pennsylvania