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    oil and gas investing

    Renaissance Reports Second Quarter 2017 Results, Executive Apointments and Operational Update

    Priscila Barrera
    Aug. 30, 2017 08:48AM PST
    Energy Investing

    Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V:ROE) reports its second quarter 2017 (“Q2 2017”) results. All dollar figures are Canadian dollars, unless otherwise noted. As quoted in the press release: Crude oil production increased by 3% and natural gas production decreased by 10% in Q2 2017 compared with the previous quarter; Revenues were $5,372,763 in Q2 …

    Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V:ROE) reports its second quarter 2017 (“Q2 2017”) results. All dollar figures are Canadian dollars, unless otherwise noted.
    As quoted in the press release:

    • Crude oil production increased by 3% and natural gas production decreased by 10% in Q2 2017 compared with the previous quarter;

    • Revenues were $5,372,763 in Q2 2017 compared with $5,531,569 in the previous quarter, resulting from general decreases in crude oil and natural gas prices in Mexico and fluctuations in natural gas production;

    • Operating costs of $2.88 per boe were consistent in Q2 2017 with the previous quarter, and declined by 35% from $4.33per boe, in the fourth quarter of 2016; and

    • In Q2 2017, Renaissance completed the final closing of a brokered private placement of equity for gross proceeds of approximately $12.8 million.

    Click here for the full text release

    private placementoil and gas investing
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