Renaissance Oil Corp. RNSFF

RE:RE:1.15 billion market cap ?

[anymuse]

Yup, blue screwed up big time there. Roe is the onsite operator producing the barrels, and they are being shared with the JV partner, and the royalty rates are quite high. The destination charges and what they are actually getting for the oil would be interesting to know. I'm assuming ROE's share of the currant production may be around 1000 bod, minus shpping, royalties, cost of production, wages etc. Suppose the sedar will shed some light. They porobably will have to issue more shares to develope the other blocks as thier not near funding future development with currant production. Even at 470 mil / 117 mil cap the needle will move slowly, probably take the traders and shorts out of the game.