Renaissance Announces Option to Acquire Additional Acreage in Shale Play
Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V:ROE) is pleased to announce it has entered into an Option Agreement and a Technical Services Agreement with Constructora y Perforadora LATINA (“Latina”). Under the terms of the Technical Services Agreement, Renaissance will assist Latina in the performance of operations under the Pitepec Integrated Exploration and Production Contract … Continued
Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V:ROE) is pleased to announce it has entered into an Option Agreement and a Technical Services Agreement with Constructora y Perforadora LATINA (“Latina”). Under the terms of the Technical Services Agreement, Renaissance will assist Latina in the performance of operations under the Pitepec Integrated Exploration and Production Contract (“Pitepec CIEP”) with Pemex-Exploración y Producción (“Pemex”).
As quoted in the press release:
The Pitepec CIEP is a 248 km2 (61,300 acres) service contract for the exploration and production of oil and gas near Poza Rica, Veracruz, Mexico, and is positioned to migrate into a Contract of Exploration and Extraction (“CEE”), pursuant to the constitutional amendments of the Mexican Energy Reform.
