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Renaissance acquires 25% WI of a block in Veracruz

Monday, February 13th, 2017 Category: Concessions

Renaissance Oil Corp. (TSX-V: ROE) announced the acquisition of the 25% working interest (WI) in the integrated E&P contract for the Amatitlán Block in Veracruz, according to a press release. The corporation joins Lukoil (50% WI) and Marak Capital (25% WI).

Craig Steinke, CEO of Renaissance, said that this agreement is a great opportunity for the companies involved due to their huge expertise.

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