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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

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Post by cyrustg on Feb 03, 2021 4:02pm

Warrants

With another chunk of warrants expiring in Feb. , perhaps it is time for a Hail Mary fund raiser to get the money for our 50% cost of a well in Botswana.Would not be much dilution if we got 35million shares and warrants for sale at 20 cents .All the warrants that have expired over the last couple of years would still leave less shares outstanding than if all the old warrants had been exercised.

mexico is dead for awhile but thank heavens the oil price has gone up recently so the company is getting an extra( 1200bpd x $10.00 per barrell extra x 30 days = $360,000.00 per month which should keep the company going until Amlo sees the light.

Sell the warrants , raise the cash and drill Botswana !!

Ciao
Comment by investor55x on Feb 04, 2021 4:29am
"Not yet" I would say. First let RECO prove a hydrocarbon system in the Kavango, then ROE could act regarding Botswana option and properties. By the way: I absolutely don't think that Mexico is a "dead asset"...I'm optimistic that we'll get a deal regarding Amatitlan... :-)
Comment by amkestrel1961 on Feb 04, 2021 7:56am
recaf long holder who just recently added 50k roe shares based on the piggyback/possible JV roe has with recaf.    Totally agree letting reco/recaf prove the kavanga namibia side is smart.  If that happens, Craig S certainly could lend roe the million to complete ROE's million $ option for the 50% jv in Botswana.
Comment by doggiestyle on Feb 04, 2021 2:06pm
Ditto -  also a Reco long and added 50K ROE for the same reason. Seems logical.
Comment by swyint123888 on Feb 05, 2021 7:27am
Agree on both poinys not that it matter what I think. See what the first hole does, another 20 days or so.....yes I know they are going to wait for all holes to be done but reality always says good news will leak so I think we'll get a good heads up before the end of Feb Mexico is not dead....as the price of crude rises so does the greed for money....he will open up some stuff as rising ...more  
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