Renaissance Oil Corp. RNSFF

This could be a concern.

[Boots333]

 

https://www.ecowatch.com/mexico-bans-fracking-2592125998.html

 

But it is likely a Politician speaking to an audience. This position would conflict severely with Amlo’s goal to increase oil production back to 2.5 million barrels a day or up by about 800,000 BOD from current levels. Virtually all oil wells have some level of hydraulic fracking, whether they are onshore or offshore. To stop all hydraulic fracking and horizontal well fracking will stop most new production. 

 

I expect we will see a severe retraction from this stated position shortly. 

 

[hydrocarbss]

Considering that petra oleum is a mashup of latin words meaning oil in rock. Some sort of 'fracking' is needed as you state. Seeing that it's ecowatch reporting this...is certainly seems to be a specific audience directed 'promise'. Not sure the retraction will be public...just not a carried thru 'promise' is the usual modus operandi... Sure does throw a potential kink

[crude]

seems to refer to the north states ,where they are gas fracking  - quite different from oil !!!!

[crude]

we are all aware (as is mexico ) of the impact fracturing has had on US oil, and that is what Mexico is looking for. This is why this company is there!!

[ferret_ca]

I wouldn't be down playing the risk involved here, this risk has always been  here and is now a bit greater. mexico has many conventional opportunities with the off shore drilling and a fairly recent huge on shore hit without fracking. Mexico is also much more prone to earthquakes and has water issues in  many areas so fracking is much more of a concern there than say texas. I

[crude]

I do hope they ignore the US propaganda machine , or we could end up like Canada

[Super_Cycle]

Is there a confirming report from a legitmiate news source? I can't find one. The way this is written is suspect.