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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. > Very good result
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Comment by allnrgon Mar 15, 2018 9:34pm
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Post# 27724835

RE:Very good result

RE:Very good resultThanks Boots for your always very insightful posts I & many others enjoy reading your thoughts... to further add to your post Pemex reached peak production of this Chicontepec shallow sand formation in 2005 at 650bbl/d ROI could exceed that with the drilling of just 4 wells... speaks volumes of the team they have hired...this from the website "Discovered in 1962, and still largely undeveloped, the main field Amatitln has produced over 175,000 bbls of light oil ranging from 34 to 44 API with peak production of 650 bbl/d in 2005"... word gets out in Mexico of ROI success could very much lead to further deal flow for the company... over a 3 fold increase from previous operators... of course the big prize is the Jurrasic shales which the company feels could produce over 1,000bbl/d per well...exciting times for ROI
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