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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 by User

Post by minigoonon Dec 30, 2017 11:03pm
285 Views
Post# 27253289

Educated guess would be

Educated guess would beFirst of all I would say the well doesn't require an offical news N/R but we will probably get one. If they started the drilling on the 11th and after 3 days they were at 550m of the 1866m total depth doesn't mean in 11 days they finsh the well, as they get deeper just to run in and out takes longer to trip out and of course rock formations will most likely get harder, my guess is the well is at depth for sure by Jan 1st as the drilling rig crew wont stop for Christmass, they may not complete it or will they drill a few and have completions do 2 or 3 in a row to manage costs of crews effecency.One thing for sure is they will be focusing on the geology of the well bores to see what they have. By the time there done there 10 wells I'm expecting doubling of production at minimum. I expect a N/R between the 2nd and 5th.
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