Post by
Ebenizer3 on Apr 15, 2021 2:29pm
So at what point does.....
roe exercise there option on botswana, hav to think it would add more juice to the sp for reco and roe. any guesses?
Comment by
Ebenizer3 on Apr 15, 2021 3:33pm
https://renaissanceoil.com/news/renaissance-closes-option-agreement-participating-in-the-opening-of-the-kavango-sedimentary-basin/. my understanding of it is they have a 36 month agreement 1 mil in the first 18 months and 1.5 mil in 2nd 18 month period.
Comment by
TurnToTheRight on Apr 15, 2021 4:39pm
Thanks @Ebenizer3, you're absolutely correct, it is a farm-in option agreement. I wonder when, and with what priority RECO is going to drill the Bostwana acreage?