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Sonoro Energy Ltd. SNVFF


Primary Symbol: V.SNV

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region, southeast Asia, and southeast Europe. The Company holds a 70% working interest in a proven Waseca channel heavy oil resource fairway, which consists of 1,840-acre contiguous oil field located in the Western Canadian Sedimentary Basin, Saskatchewan, Canada. The Company’s subsidiary, Sonoro Energy Canada Ltd. (Sonoro Canada), conducts its operations in the Province of Saskatchewan.


TSXV:SNV - Post by User

Post by politicaton Dec 29, 2023 12:22pm
253 Views
Post# 35804135

SNV is still alive ?

SNV is still alive ?Having been a shareholder back in the Salat days waiting over a year for for drilling that never came and watching share price go to 0.03 ( sold at a loss ) -- I am surprised to see on an old watchlist that it was 0.20. Canada drilling now !   Hmm.
Question -- it seems that early Jan there will be 33M shares available to be sold ( the 4 month lock up period will expire ).
Since these shares were purchased at $0.06 ... is there concern here that a good chunk of these shares will be sold and push down stock price ?  That is a lot of shares -- 3 or 4 weeks of trading volume..

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