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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

Comment by ark88on Feb 06, 2024 9:33am
100 Views
Post# 35865002

RE:RE:RE:New Press Release - Sonoro Energy Ltd. provides update on Saskatchewan operations and development opportunities in MENA.

RE:RE:RE:New Press Release - Sonoro Energy Ltd. provides update on Saskatchewan operations and development opportunities in MENA.
ark88 wrote:
Jimmy1page wrote: Pretty much what I expected. Let's hope the share price goes up but I now don't expect any real production until well into the summer. 

Not what was expected, but not unexpected either. Yes, could've been issued earlier but I like that they have a solution and timeline attached. They're on the hook which I like.
Sell if you have to but it's just a one week delay.

These guys could've issued something a week ago stating that they encountered a problem and that they will provide an update as warranted. How do you think the market would've reacted?

OR

They could release something next week stating they had a problem but it was fixed and etc etc.

I like that they issued something stating the problem, had a solution with a timeline.
Its called CREDIBILITY. I trust that things will be fine in a week or two with well #2.
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