Renaissance Oil is pleased to announce that it has issued to a company wholly-owned by Pierre Lassonde 10 million common shares of the Company at a price of C$0.20 per Share for proceeds to the Company of C$2 million. The proceeds from the Investment will be used to acquire additional oil and gas rights in Mexico, fund capital expenditures and for [...]
Renaissance Oil reports its first quarter 2019 results. All dollar figures are Canadian dollars, unless otherwise noted. 2019 Revenue and operating netback in the first quarter of 2019 was $4.8 million and $0.7 million respectively; Renaissance received a 20-month extension to December 27, 2020, from the Comisión Nacional de Hidrocarburos [...]
Renaissance Oil reports its fourth quarter and full year 2018 results. All dollar figures are Canadian dollars, unless otherwise noted. & FULL-YEAR 2018 Revenue and operating netback in the fourth quarter of 2018 was $5.9 million and $0.2 million, respectively; On the 60,000 acre Amatitlán block, Renaissance, with its partner LUKOIL [...]
Renaissance Oil Corp. is pleased to announce that it has closed a non-brokered private placement of secured convertible debentures in the aggregate principal amount of C$5 million . The Debentures have a term of five years, maturing on March 6, 2024 and bear interest, payable on a quarterly basis at the Company's option in cash at a rate of 8% per [...]
Renaissance Oil Corp. reports its third quarter 2018 results. All dollar figures are Canadian dollars, unless otherwise noted. THIRD QUARTER 2018 HIGHLIGHTS Revenue and operating netback in the third quarter of 2018 reached Company records of $7.1 million and $0.8 million, respectively; On the 60,000 acre Amatitlán block, Renaissance, with [...]
Renaissance Oil Corp. is pleased to announce that Allan Folk has joined the board of directors of the Company. Mr. Folk brings over 35 years of extensive leadership experience in the financing and corporate governance of Canadian resource companies. During his career, he has financed and advised both junior and advanced Canadian companies at the [...]
Renaissance Oil Corp. is pleased to announce that Mexico's president-elect, Andres Manuel Lopez Obrador, who will take office on December 1, 2018, assured private energy executives on September 27, 2018 that their contracts will not be canceled if they meet existing terms. During the meeting with AMEXHI, Mexico's association of oil and gas [...]
Renaissance Oil Corp. reports its second quarter 2018 results. All dollar figures are Canadian dollars, unless otherwise noted. SECOND QUARTER 2018 HIGHLIGHTS Revenue in Q2 2018 reached a Company record of $7.0 million, an increase of 40% compared with the previous quarter, and higher by 31% compared to Q2, 2017; Production in Q2 2018 increased to [...]
VANCOUVER, July 19, 2018 /CNW/ - Renaissance Oil Corp. is pleased to announce that the TSX Venture Exchange has accepted for listing the 44,555,000 warrants issued pursuant to a private placement that closed on March 5, 2018 . The Warrants will be listed for trading on the TSXV under the symbol "ROE.WT.B" on July 23, 2018. Furthermore, an [...]
VANCOUVER, July 9, 2018 /CNW/ - Renaissance Oil Corp. is pleased to announce it has now received final authorizations from the relevant Mexican authorities to proceed with the development program on the Company's three 100% held producing properties in the state of Chiapas . This development program, designed to significantly enhance production [...]
VANCOUVER, May 23, 2018 /CNW/ - Renaissance Oil Corp. reports its first quarter 2018 results. All dollar figures are Canadian dollars, unless otherwise noted. FIRST QUARTER 2018 HIGHLIGHTS Renaissance, in conjunction with its partner, LUKOIL, drilled six new wells targeting the shallow Chicontepec formations and completed workovers and repair [...]
VANCOUVER, April 30, 2018 /CNW/ - Renaissance Oil Corp. reports its fourth quarter and full year 2017 results. All dollar figures are Canadian dollars, unless otherwise noted. FOURTH QUARTER HIGHLIGHTS Improved production and sales prices resulted in a record level of quarterly revenue, $6.4 million, in the fourth quarter, an increase of 17% from [...]
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