RE:Where are the two world-renowned petrophysicists?? I was a 1.4 million share holder in ROE ( Renaissance ) in Mexico, from what i know they drilled their 14 or 15 vertical wells and were producing about 1500 boe, they spent about 45 million, all according to the contract.
The last well they drilled was a vertical well on the land package to comfirm if the formations deeper ( Eagleford ) came south from the Mexico/USA border. On the Mexico side the formations were 3 times thicker. ROE wanted to sign a production contract before they drilled horizontal from the vertical and test for producing. Almo ( Mexico Prez ) wouldn't sign so why would ROE do a Horz and show them the well does a couple of 1000 boe and have Mexico say thank you very much. Check out the thousands of wells that go right down to the US/Mexico border and " 0 " on the Mexican side.
ROE kept producing the 14/15 verticals and never received payment for the production for months and never has.