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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 Boots333on Jun 06, 2018 1:42am
205 Views
Post# 28130294

Funding

Funding

Management did indicate they have sufficient funds to complete the current drilling program of the 14 Chincontepec wells, the Upper Jurassic well and the planned wells and work program on the three Chiapas blocks which should take them to about October.

 

Management did indicate ROE will have to raise more funds, but did not anticipate doing this from issuing more shares until the price is at least in the 60 - 80 cent range.

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