Renaissance Oil Corp. RNSFF

RE:This would be deep thought process

[Dave4444]

Well minigon, where do I start here, first - they have their own drill so 3 wells is just a start and they are almost guaranteed to all be on their own 100% owned land, that said, if they find anything, which is likely, then they can easily raise cash to keep drilling more wells and undoubtedly some of those will be on the joint land with ROE.  Since the joint land is a different country I suspect they are working on drill permits as we speak, but they could take awhile.

As for drilling to confirm formation and potential horizontal wells, I agree on the formation proof, but if this truly is similar to the Permian basin, there is a good chance that even vertical wells could be highly productive and horizonal wells a later stage.  Fracking of any type would likely be many years away.  

I have owned the shares and warrants for at least a year and so far I am very happy with the results to date and especially with management being able to do what they have said they would do.