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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 howdy1on Aug 09, 2013 11:23am
338 Views
Post# 21659399

RE:RE:RE:Excellent Pitch

RE:RE:RE:Excellent PitchNice comments dreamer. But I think you are not quite right on what RW has paid for most of his shares.  Take a look at SEDI and you will see that most of his shares were bought at MUCH higher levels.

On the subject of the license, I don't know why the provincial government would cancel the license.  The only terms that I could see that happening under is if they get a better offer to pay taxes to them (upon production) than SNV's.  I would think that taxes and royalties would not change that much....

We are in a province that has been making moves to be more independent of a centralized Iraq (ie. more like Kurdistan) and that is something that the central government would obviously not like.  In a much less civilized way, I see it kinda like Trudeau vs. Lougheed and National Energy Program.  
Bullboard Posts