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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. > Man do we ever have a big buyer on RSNFF
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Comment by Luckboxxon Dec 23, 2020 4:44pm
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Post# 32171936

RE:Man do we ever have a big buyer on RSNFF

RE:Man do we ever have a big buyer on RSNFFIf they are buying this as a Kavango play, then that is stupid.  They should buy RECO instead which is what the companies (and shareholders) want and need.  If RECO can get over $3 prior to the resumption of drilling, then it can exercise the warrants and have another 30+mil in its treasury.  After the 3 holes are complete,  it will then be time to begin farm out talks to pay for the next round of  drilling.   A junior oil company with 30mil in the bank versus a junior with little cash will get much better farm out terms in its deals later in 2021.  Why do I think I am right regarding this?  (1) front-page oilprice.com com RECO pump article yesterday (2) ROE finally updated its slide deck for the 1st time since December and stripped out all of the Botswana stuff.   ROE wants you to buy RECO.  RECO wants you to buy RECO.
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