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Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

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

Bullboard Posts
Comment by CravenRaven101on Sep 12, 2011 4:03pm
222 Views
Post# 19034145

RE: RE: RE: RE: RE: National Bank vs TD

RE: RE: RE: RE: RE: National Bank vs TDThe question would beg what sort of production numbers do you imagine will be coming from these 3 wells? Certainly My expecation is less than 100BOE/D anything more an I WILL be delightfuylly surprised..and given that a portion of the production will be going to our WI partner & that heavy Oil WILL be discounted compared to Saudi Light... I would be hard pressed to believe that these 3 wells will generate enough revenue for payout in a year let alone provide "Meaningful" income... I suppose I ought to have prefaced my previous comments with the word  "meaningful" as in MEANINGFUL production... in any case it isn't my intent to bash ... merely to offer a level counter to what might be an overly optimstic expectation.

GLTA it's my opinion git yer own.
Bullboard Posts