Renaissance Oil Corp. announced that the company was awarded three petroleum blocks in Call 3 of Round 1 auction of 25 on-shore Mature Field petroleum blocks in Mexico. The Mature Field Auction was administered by the Comisión Nacional de Hidrocarburos (the CNH) of Mexico and was the country's first award of on-shore petroleum blocks in 77 years to companies other than state-owned Petróleos Mexicanos (PEMEX).

The three blocks awarded to Renaissance, Mundo Nuevo, Topén and Malva, currently have aggregate gross daily production of approximately 650 barrels of crude oil and condensate and approximately 6 million cubic feet of natural gas. The blocks amount to approximately 74 KM2 of surface area and have production growth opportunities through development drilling using modern technology, well workovers and field optimization. The Type 1 Blocks are all located in the state of Chiapas and are in close proximity of each other which are expected to offer synergies in their field developments.

Renaissance is developing a high quality, diversified portfolio of mature fields and shale development opportunities in Mexico.