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Bullboard - Stock Discussion Forum 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 Discussion

Renaissance Oil Corp. > ROE one of few to raise production
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Post by allnrg on Dec 05, 2018 6:22pm

ROE one of few to raise production

https://www.reuters.com/article/us-mexico-politics/mexicos-lopez-obrador-throws-down-gauntlet-to-oil-majors-idUSKBN1O41VH
Comment by hydrocarbss on Dec 05, 2018 8:49pm
Down in ALMOville, during the period from the election results to taking office, what was heard was how he hated the new energy era brought about by constitutional decree. So who would want to throw a lot of money into their prospects? The government apparatus which approves the migration has for all practical purposes been on hold since the July election. Now today ALMO demands more oil be ...more  
Comment by ferret_ca on Dec 05, 2018 9:37pm
all fine and dandy for roe to increase production, the fact remains that the amatitlan (the prize) has still not migrated to a production and exploration contract and there still remains the possibility that this contract never migrates, imho it will happen in the next 2-3 months or it won't happen so this is the the risk here, and I'm sure all current shareholders are fully aware of this, ...more  
Comment by allnrg on Dec 06, 2018 11:55am
Yes all fine & dandy but the point I was getting to is while many did nothing ROE & partners completed the work program that started out at 11 wells for $45 million USD & ended at 18 wells for the same amount. Just glad we are not in the done nothing camp ( as ALMO has been critical justified or not) & should be viewed favorably for contract migration. Remember ALMO has stated he ...more  
Comment by NFKRS17 on Dec 06, 2018 2:40pm
This post has been removed in accordance with Community Policy
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