RE:RE:RE:RE:RE:RE:RE:Where are you guys getting your info!? to say there is no risk here is wrong, however, I feel as most do that even with a "possible" new govt things should continue to move along with foreign investment in energy. if there was no risk we would be trading much higher imho. risk reward here is huge imho.
the mexicans are in the process of streamlining things, obviously this is a new process and they are trying to make sure they get it right, a few cogs in the wheel which have to come together , there are basically 4 regulators , sener (the energy ministry), cnh (national hydrocarbon commision), asea (national regulator for saftey and environment for energy) and cre (energy regulatory commision)
looking forward to roe obtaining their unconvetional permit to see what we can get out of those huge sand pay zones they are finding.they should have it soon.
this is from an article on permiting in mexico
"
4. Are there specific government policies to encourage the exploration and production of unconventional gas or oil?
Government policy is to encourage private parties to engage in the exploration and production of unconventional gas or oil through awarding contracts for those fields. Unconventional resources have therefore been included in exploration and extraction bidding contracts, which are to be auctioned from 2015 to 2019.
Terms and conditions for exploration and extraction of unconventional resources, including royalties and payments, will be defined on the basis of the government contract plan (
see Questions 8 and 11).
full article below, it is dated july 2017 but I would assume it's still relevant.
[url=https://uk.practicallaw.thomsonreuters.com/6-524-0285?__lrTS=20171129130241436&transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1][/url]
cheers ferret