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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 ferret_caon Jan 13, 2020 4:29pm
147 Views
Post# 30548185

RE:RE:RE:RE:ANOTHER ACCREDITED INVESTOR IN AT $0.20 ?!!!!!!

RE:RE:RE:RE:ANOTHER ACCREDITED INVESTOR IN AT $0.20 ?!!!!!!if it doesn't go thru cnh it will only be another type of service contract, my understanding is any kind of ownership or migration has to go thru cnh. it will be tough for roe to get any decent financing with just another service contract and these well heeled investors will only put up so much for so long without some decent progress happening, the last service contract hasn't done much good, who knows when or even if pemex will ever pay them what is owed, they need cash for the other chiapas projects which I'm pretty sure they tried to dump with no success (other than the 1 with the small royalty). the latest 1 mil certainly won't last long. the other thing is look what's going on in some of the big texas fields (eagle ford) , not many operators are making money and finacings are drying up, the mexicans have to be looking at that situation. amlo has also proven to be way more than anyone bargained for.


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