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Renaissance Oil Corp. RNSFF

Energy
Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.


GREY:RNSFF - Post by User

Renaissance Oil Corp. > Total Depth First Well
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Comment by MajorityMobon Dec 30, 2017 5:29pm
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Post# 27252302

RE:RE:RE:RE:Total Depth First Well

RE:RE:RE:RE:Total Depth First WellMy guess is that they want the results announced in Q1 2018 as opposed to Q4 2017 to benchmark what ever news they are about to announce. Could be linked to conpensation, bonus, year over year stock returns, to avoid tax loss selling, to encourage a huge run up in shares in Q1 etc...

This is very common practice in the US, especially when annual operating plans for the year are already met, bonuses are safe and you want to start the next year off with a bang.
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