Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V: ROE) is pleased to announce, in conjunction with its partner, Lukoil, the Company has completed the fourth workover at the Amatitlán block in Veracruz, Mexico.
As quoted in the press release:
Completed operations are as follows:
Performed an organic solvent clean out of existing well perforations and a high stimulation recompletion of a lower Chicontepecinterval;
The well initially flowed back over 750 bbls/d of stimulation fluid and crude oil (up to 40% oil cut), and 0.5 MMcf/d gas at 1,100 psi wellhead pressures;
The well was flow tested for several days recovering over 1,000 bbls of stimulation fluid as well as light oil and gas in varying volumes and rates, with the most recent production observed at approximately 60 bbls/d of light oil;