Mexico is Home to Some of the World’s Largest – and Most Underdeveloped – Oil & Gas Reserves
Early Investors in Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE) Could Enjoy High Upside in the Months Ahead
This could be the next great North American energy investment.
Very quietly – back in 2016 – one tiny oil exploration company signed licenses with the Mexican government to develop three significant property “blocks.”
That company – Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE) – quickly became the first and largest independent oil and gas producer in Mexico following the breakup of the country’s energy monopoly.
But that was just the beginning of the story for this forward-thinking company.
Exploiting this Shale “Sweet Spot”
with a Giant of a Partner
In early 2017, Russian energy giant LukOil partnered with Renaissance Oil Corp. for the development of a massive property – known as Amatitlán – that looks to be the “sweet spot” of the next great North American shale play.
Why would Lukoil – one of the world’s largest oil companies – look to develop Mexican shale? And why would they partner with little-known Renaissance Oil Corp?
Because this opportunity could be the next Barnett Shale – or Eagle Ford – energy play…and Renaissance Oil Corp. has the knowledge and experience to successfully develop this property.
This emerging Upper Jurassic Shale Play is strikingly similar to the Barnett Shale play that was successfully exploited in the United States…
And the same technical team that “cracked the code” of the Barnett Shale for Mitchell Energy is now working for Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE)… following that same roadmap for success.
I’ll tell you about this experienced team – and the Amatitlán property – in just a moment.
But first I need to tell you why…
Mexico’s Energy Reform Has Triggered an Outstanding Investment Opportunity
For nearly eight full decades, Mexico’s massive oil and gas resources were woefully underdeveloped.
The national oil company – Pemex – owned a monopoly on the nation’s energy reserves.
But a lack of capital investment plus slow adoption of modern drilling technology resulted in vast underdevelopment.
In 2015, that began to change as Mexico began to reform its energy industry, breaking up the Pemex monopoly.
This has opened the doors for new exploration – by companies with the experience and technology to develop Mexico’s enormous reserves…
And at the same time this has triggered a potentially explosive profit opportunity for investors.
“Mexico’s Emerging Oil Opportunities Are Great”
“Because of its rich resources and proximity to the United States…Mexico is going to be a very important source of growth in the oil and gas sector.”
By lifting strict state control over its oil & gas sectors, Mexico has invited a flood of foreign investment in the hopes of returning Mexico to its previous position as one of the top crude producers in the world.
A $45 Million Accelerated Development Plan for Mexico’s “Eagle Ford”
The leadership of both Lukoil and Renaissance Oil Corp. consider this region’s Upper Jurassic shale formation to be “Mexico’s Eagle Ford.”
The Eagle Ford, of course, is the large shale formation in South Texas that runs just over the Mexican border and became one of the most significant oil producing regions in the world. Discovered in 2008, the Eagle Ford grew quickly – with production reaching an astounding 1.2 million barrels of oil daily by 2015.
In early 2017, Lukoil and Renaissance Oil Corp. agreed to a $45 million accelerated development plan for the Amatitlán property to begin the commercial development of the huge shale resource identified through actual core samples and previous drilling records.
Amatitlán: The Same Type of Shale Found at Eagle Ford…with Three Times as Much Resource Potential!
Estimates suggest the Amatitlán property holds a massive volume of over 10 billion barrels of oil underground – with 60% of that being held in the Upper Jurassic Shale trend.
The shale formation at Amatitlán is very similar to the Marine Carbonate formation of the Eagle Ford in terms of depth and pressure and both contain a resource concentration estimated in the range of 560 to 600 barrels of oil equivalent (boe) per acre-foot.
However, the Upper Jurassic Shales at Amatitlán are over three times thicker than the Eagle Ford shales of South Texas…
Meaning each acre at Amatitlán could hold multiples more barrels of oil than an acre in the heart of the Eagle Ford play.
The Upper Jurassic shale thickness in Mexico makes it closer in overall resource capacity to the thick Permian Basin in West Texas.
This type of Upper Jurassic Shale at the Amatitlán property is typical of the major source rock for most of Mexico’s oil production, including the prolific Golden Lane and Cantarell fields.
This Upper Jurassic Shale means there is extraordinary potential at the Amatitlán property…and thanks to their partnership with Lukoil, Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE) has now fast-tracked the development of this project.
The Expert Technical Team that ‘Cracked the Code’ of the Barnett Shale is Doing it Again!
It’s a company whose technical team has already had success on a large scale!
That team “cracked the code” of the Barnett Shale – the first successful shale play in the United States – which led to Mitchell Energy being acquired by Devon Energy for US $3.1 billion.
Companies are exploiting massive shale resources across Canada and the U.S., driving production growth in North America, based on the pioneering efforts of the Mitchell Energy technical team.
However, in Mexico, despite the massive shale resource identified, there are still no commercial shale plays developed.
The Mexican government estimates there are prospective resources of over 60 billion barrels of oil equivalent in shale formations in the country.
Now the core team that commercialized the first shale play ever with Mitchell Energy are focused on commercializing the first shale play in Mexico.
Investors who add shares of Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE) to their portfolios are investing with an experienced shale development team – one with a history of blockbuster success – now poised to apply their expertise to a potential world-class property that has been woefully underdeveloped.
But the technical team is not the only key player with an outstanding track record…
Renaissance Oil Corp. Co-Founder Ian Telfer – the Man Who Built Goldcorp Inc. – is at it Again
Since 2006, Mr. Telfer, past President & CEO, has served as Chairman of the Board of Goldcorp Inc., one of the largest and fastest growing gold mining companies in the world. Mr. Telfer is the former Chairman of the World Gold Council whose members comprise the world’s leading gold mining companies.
Mr. Telfer kick-started Goldcorp’s growth when it was a penny stock by acquiring what have become the largest producing gold mines in Mexico. Goldcorp now boasts a market capitalization in excess of $US 11 billion with assets across North and South America.
And now – together again with Renaissance Oil Corp. co-founder and CEO Craig Steinke – Mr. Telfer is poised to build another fast-moving resource company in Mexico.
Mr. Telfer and Mr. Steinke have done this before, forming Realm Energy together in 2009…assembling key shale plays…completing a major joint venture with Conoco Phillips…and ultimately selling the company for significant profit in November 2011.
What’s the Potential Upside for Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE)?
- Renaissance Oil Corp.’s Amatitlán property is estimated to have 6 billion barrels of oil in the shales there
- If ROE can recover just 8% of those reserves, we’re talking about nearly 500 million barrels of oil.
- Let’s say ROE retains ownership of half of the property after initial development – that’s 250 million barrels of recoverable oil…or roughly $2.5 billion worth of value in the ground.
- That’s a staggering amount for a small company whose shares are currently trading for well under $1.
Investors right now have a significant potential profit opportunity in Mexico as the country’s shale oil moves from prospective resources into production.
Urgent: Drilling Set to Begin in November 2017
Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE) offers investors a chance to get in on a potential world class property that’s being developed by some of the same men who were the first to “crack the code” of the Barnett Shale – leading to the commercialization and development of that massive shale resource.
Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE) is still flying below most investor’s radar screens as they are just now commencing their initial drilling program. Having contracted global giant service provider Weatherford International – who have rigs in the country – Renaissance is ready to drill starting in November 2017 for a multi-well campaign.
North America’s next great energy producer might just be found in Mexico…as Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE) follows a proven blueprint for shale success while looking to exploit a vastly underdeveloped property.
6 Reasons Investors Should Consider Adding Shares of Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE) Right Away
Mexico is – at this very moment – a “sleeping giant” in terms of oil production. A potentially massive hydrocarbon base in Mexico has been woefully underdeveloped thanks to state-owned Pemex’s 76-year monopoly. But that monopoly has been broken…and Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE) stands poised – as the first independent producer/operator in Mexico – to exploit potentially extensive growth opportunities immediately.
Renaissance Oil’s Amatitlán property is in the heart of the world’ next premier shale play. his large, 60,000-acre property is estimated to hold more than 6 billion barrels of oil — and there are an estimated 10 billion barrels in the shales in total — with several hundred million or more of recoverable oil.
Legendary mining executive Ian Telfer – chairman of Goldcorp Inc. – is a co-founder, major shareholder and Chairman of Renaissance Oil Corp. After developing Goldcorp into one of the largest and fastest-growing gold mining companies in the world, Mr. Telfer looks to repeat his past success with Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE).
In addition to Ian Telfer, the leadership team guiding Renaissance Oil Corp. is packed with seasoned energy executives who have a proven track record of success. In fact, Chief Executive Officer Craig Steinke and Mr. Telfer have previously worked together to grow – and sell – a successful shale company, Realm Energy in November 2011.
Renaissance Oil Corp. has reassembled the core technical team from Mitchell Energy, which commercialized the Barnett Shale…the first successful shale play in the United States. In 2002 Mitchell Energy was acquired by Devon Energy for US $3.1 billion. The four key members of Mitchell Energy’s Barnett Shale Team are now working to develop this Mexican shale play for Renaissance Oil Corp. (OTC: RNSFF); (TSX.V: ROE).
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