Renaissance Oil Corp. RNSFF

Question

[Redrum180]

Does ROE have to wait for RECO to finish its three test wells to actually begin drilling on its own?

[Ebenizer3]

the simple answer is no. the botswana exploration license was just signed in June and has a 4yr process the first two yrs gives the company time to research the geologic info prepare there eia and so forth, in the 3rd yr I think is when they can start drilling exploration wells. Maybe they can accelerate the process. The other thing is once roe exercise there option they become a working interest

[Ebenizer3]

oops I meant yes they have to wait and again it's reco's show roe is just paying 50% of expenses