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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. The Company has drilled two wells in Saskatchewan. The Well 11-30-32-23 W3 was a vertical well and the Well 14-29-32-23 W3 was a Waseca formation multi-lateral horizontal well with four horizontal legs for a total lateral length of approximately 1,600 meters. The Company’s subsidiary, Sonoro Energy Canada Ltd.


TSXV:SNV - Post by User

Comment by GeorgiaStreetEon Oct 20, 2020 11:48am
85 Views
Post# 31748239

RE:RE:RE:Sonoro Annual Meeting

RE:RE:RE:Sonoro Annual Meeting
Regarding the second option you mention (selling the shell company and not Sonoro outright), do you seriously want any of the profits that come from years of ups and downs to roll back to management to pursue chasing the Budong (1) on that lease after being blindsided / punted out, and (2) now in a totally different oil climate where oil majors are walking away from exploration leases, and oil is a fraction of the value it was when the Budong was initially explored? I can't imagine if a new investment opportunity came up like this that any of us would be interested at all.
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