Sonoro Energy Ltd. SNVFF

SNV.V's Plan: 5 Canadian Wells (The Math)

[Mog7546]

2000 barrels a day @ $71.39 over 30 days = $4,283,400.00 monthly per well

Mid-term with 5 operational wells = $21,417,000.00 monthly

[Smoggy123]

Thanks Mog!  I thought the estimated bpod were supposed to be much lower.  I could be wrong, but where did you come up with your estimated bopd?  some exciting numbers there ! 

[Mog7546]

From the Interview: Director and CFO Dean Callaway  He talked about another well already producing next to our 2nd well   https://youtu.be/ursWzJzZ0bA?si=m2vc3IvltoSrj19x via @YouTube

[Smoggy123]

Thanks. More so I was referring to the estimate of 2000 bopd

[Mog7546]

In the interview, he speaks about the 2nd well.  He then refers to what a competitor's well is already producing... he specifically mentions 2000 bopd.

[martindale]

not to be a stick in the mud Mog but, Canadian oil is not $71. WCS is presently $50.77 , also you need to consider that Sonoro only owns 70% of the oil produced, also keep in mind that out of the gross price of oil Soros profit before taxes etc is about $18 per barrel.  Here is a good resource to follow the price of different oils, eg canadian vs Mid East etc. https://oilprice.com/oil-price

[politicat]

2000 boe/d from one well ?   they will be lucky to get 1/10th of that.  These a low production wells costing 750,000 each that have a payback of about 1 year.  They may start out at 100 boe/d and output rises as sand return is reduced.  

[martindale]

And someone gives this a like? How about learning to read and start with the title. Not 1 well is 5. 

[ark88]

Lot of eyes on this stock now. The shorts have increased by 85K. Not a significant amount, but more interest nonetheless. Over 330k traded already. Volume is key here. GLTA!