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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

Post by Hcgfllkpon Sep 29, 2022 4:54pm
110 Views
Post# 34995980

SGE

SGEPer last PR, SGE is now the operator of the PSC and has 75% ownership. The MOU requires SNV to produce a detailed reserves report. Being that SNV is broke and under a mountain of debt, how difficult would it be for SGE to simply let SNV go insolvent, fail to produce the report, and claim 100% PSC ownership? My guess - not too difficult.  
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