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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 harlanshawk61on Dec 23, 2020 4:36pm
567 Views
Post# 32171902

RE:Market Cap. ROE is $32m and RECO $240m, put two and two

RE:Market Cap. ROE is $32m and RECO $240m, put two and tworecaf shareholder correcting post.  ROE pd $100k down to recaf on OPTION to purchase 50% of Botswana 2.3 mill acres lease with $1 mill payment due by 12 months or $1.5 mill pay due by 18 months to recaf, if not pd no ownership.
ROE is cash poor (owes $12 mill in royalties per 9.30 fin st) and probably not an ongoing business if recaf doesnt hit in Namibia.

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