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Renaissance Oil Corp. RNSFF

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

Comment by minigoonon May 29, 2019 11:48pm
108 Views
Post# 29783926

RE:Does ROE receive revenue from sale of Amatitlan production

RE:Does ROE receive revenue from sale of Amatitlan production      only an opinion

= service contract at the moment, which ROE gets payments covering administration costs, empleeys wages, basically operating costs of the whole company, Pemex gets all other profits .from the sale of oil till new contract.

 Say 3000 boe from the 17 new wells x 18 months x 60.00. Thats big dollars, 97 milllion, maybe Pemex is going to use that total for there working interest back in Animation.

I wonder what the natural decline rate on the 17 new wells is, that wold be ver interesting
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