Sonoro Energy Ltd. V.SNV

Alternate Symbol(s): SNVFF

Energy Oil & Gas E&P

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

Sonoro Energy Ltd. > Production

<< Previous

Bullboard Posts

Next >>

Comment by ark88on Feb 06, 2024 3:15pm

53 Views

Post# 35865966

RE:RE:Production

ark88 wrote:
Jimmy1page wrote: Looks like we're stuck here.

Well, same as before the news. The selling started after the last news on the 11th, but impossible for the hiccup at the well to have been known 3 weeks ago. So it was probably unrelated.

Management is well aware of the possible impact of releasing news on Monday, particularly if its considered negative. By doing so it gives then 7-10 days till next week to comeback to the market with positive news. If they released it on a Friday, as its usually done, it only gives them 5 days. Is this too mcuh reading? maybe but I think we're dealing with management that is conspicuous in their intent and messaging.

We'll have to see where the SP goes if at all, but I think the market sees the same as I noted above. The market is expecting something to drop. GLTA!

Bids are building @0.125, now at 180k. Yup

<< Previous

Bullboard Posts

Next >>

How to interpret movements in the price of gold