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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 Irishmantooon Mar 12, 2019 4:44pm
138 Views
Post# 29475521

Just received an email from Stock warrants (Dudley Doofus)

Just received an email from Stock warrants (Dudley Doofus)This is the email he received from IR at ROE.

Hi Dudley,

Yes, 2019 has started out a bit slower of a pace than we ended 2018 with.
We finished drilling 18 wells last year which accounted for approximately
11% of the wells drilled in Mexico last year.  It was a very busy year for
Renaissance.  We have brought 17 of these wells onto oil production and the
18th well tested the deeper shales at Amatitln.  We believe these shales
constitute an outstanding unconventional resource development opportunity
which could total hundreds of well locations and significant sustained oil
and gas production (50k-100k boe/d range for 10 years).  We are currently
analyzing the cores and the logs retrieved from the deep test well and we
are now preparing our 2019 drilling program.  We expect to be busy drilling
again in the 2H of 2019 once we get through this planning phase.

Thanks you for your continued interest and support!

Kevin 
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