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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

Comment by Budakaion Jun 20, 2019 12:07pm
83 Views
Post# 29844973

RE:Migration

RE:MigrationHey ferret,

https://www.proceso.com.mx/588282/cancelan-busqueda-de-socios-para-pemex-en-exploracion-y-extraccion

T
his is the only link I found on the subject. This was discussed, but no formal cancellation has been in the cards. The Pemex website is also down.

Here's the most relevant news from CNN regarding all Pemex noticias. Feel free to google translate to get the gist.
https://cnnespanol.cnn.com/tag/pemex/

I
 agree. Not the best news, but I'm still confident in the credit rating hit to shake up the board a little before making anything formal.

The only other factor I could consider is that the big investor is cancelling all contracts, taking a hit now, restructuring, and then will pick their pony to run operations. We know Lukoil has their money on ROE, so this has become an interesting, but volatile and uncertain, play.
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