Chiapas blocksAbout Our Chiapas Blocks Mundo Nuevo The Mundo Nuevo block is located 42km southwest of the city of Villahermosa, Tabasco with an areal extent of 27.7 km2 (6,845 acres). The Mundo Nuevo field, a middle Cretaceous fractured carbonate reservoir, was discovered in 1977. This field was developed by PEMEX, Mexicos state owned oil and gas company, through the drilling of 14 wells, reaching peak production of over 15,000 barrels per day (bbls/day) of natural gas liquids, in the early 1980s. This fields average production for Q2 2018 was approximately 211 bbls/day of light oil and 3.87 MMcf/d of natural gas with an average reservoir depth of 3,580 meters. With the advantage of 3D seismic data, acquired since the original wells were drilled, Renaissance has identified numerous potential new development well locations. In order to satisfy the minimum work commitment for Mundo Nuevo, the Company is required to drill one development well. According to information publicly released by CNH, during the auction process, and as of yet unconfirmed by the Companys own qualified reserves evaluators in accordance to COGEH and NI 51-101, the Mundo Nuevo field was estimated to have contained original volumes in place of 86 million bbls of natural gas liquids and has had cumulative production of 35 million bbls of natural gas liquids, as at January 1, 2015. Topn The Topn block is located 45km southwest of the city of Villahermosa, Tabasco with an areal extent of 25.3km2 (6,251 acres). The Topn field, an upper Cretaceous fractured carbonate reservoir, was discovered in 1978. PEMEX developed this field through the drilling of five wells, reaching peak production of over 1,500 barrels bbls/day of medium crude oil, in the mid 1980s. This fields average production for Q2 2018 was approximately 204 bbls/day of light oil and 0.9 MMcf/d, with an average reservoir depth of 3,300 meters. The Topn field is delineated with 3D seismic data acquired since the original wells were drilled. Renaissance has identified numerous new development well locations and potential for significant field extensions as well as a previously untested area, supported by seismic amplitude analysis. In order to satisfy the minimum work commitment for Topn, the Company is required to drill one development well. According to publicly released information by CNH, during the auction process, and as of yet unconfirmed by the Companys own qualified reserves evaluators, in accordance to COGEH and NI 51-101, the Topn block was estimated to have contained original volumes in place of 40 million bbls of oil and has had cumulative production of 8 million bbls of oil, as at January 1, 2015. Malva The Malva block is located 61km southwest of the city of Villahermosa, Tabasco with an areal extent of 21.2km2 (5,239 acres) The Malva field, an upper Cretaceous limestone reservoir, was discovered in 2003. PEMEX developed this field through the drilling of four wells, reaching peak production of over 2,000 barrels bbls/day of light crude oil, in the late 2000s. This fields average production for Q2 2018 was approximately 180 bbls/day of light oil and 1.59 MMcf/d, with an average reservoir depth of 2,680 meters. The Malva field is delineated with 3D seismic data. Renaissance used high tech seismic technology and advanced structural interpretation to identify a number of untested potential hydrocarbon amplitudes, new well locations and field optimization opportunities in the existing producing area. In order to satisfy the minimum work commitment for Malva, the Company is required to drill two wells. According to information publicly released by CNH, during the auction process, and as of yet unconfirmed by the Companys own qualified reserves evaluators in accordance to COGEH and NI 51-101, the Malva block was estimated to have contained original volumes in place of 13 million bbls of oil and has had cumulative production of 3 million bbls of oil, as at January 1, 2015. For these blocks, Renaissance sees significant opportunity for additional value creation in new well locations as well as application of innovative re-completion technologies. Renaissance won the three Chiapas blocks by very small differentials of less than 2.5% above each of the second place bid values. Well-attended auction processes saw over 40 companies vying to be the first onshore operators in Mexicos historic privatization of the energy sector.