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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.

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Renaissance Oil Corp. > Need more info on the Chiapas blocks

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Post by energyinvestors on Feb 17, 2019 2:31pm

Need more info on the Chiapas blocks

Need more information on the costs of the Chiapas blocks

I agree with anymuse and I thinks both Boots and NFKRS17 are either missing the point or don’t understand that the Chiapas blocks are owned by ROE and do not need to migrate.

On Chiapas blocks ROE needs to release some info. How much money to fund the Chiapas blocks work program, when will Chiapas drilling start and finish, how much time do we have left to complete the drilling that ROE promised. Plus what will a successful well result look like and what is the estimate of cash flow from the drilling, etc. There has been very little hard info that we can use to make decisions. I can understand why these questions may be harder to answer on the Jurassic drilling program because that block doesn’t belong to ROE but the Chiapas blocks are ours and were won by ROE in late 2015. You would think by now this info would be available. All the focus is on migration but the Chiapas blocks require work to be done. This work will cost a lot of money and if they don’t complete the work they lose the blocks and $12 million USD that ROE currently does not have.

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