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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. > MOU
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Comment by ark88on Jun 04, 2024 11:47am
93 Views
Post# 36071251

RE:RE:RE:RE:RE:RE:RE:MOU

RE:RE:RE:RE:RE:RE:RE:MOU

You're reading the news wrong.

- MENAco is an existing company in the UAE
- There is no mention of SNV insiders being part of MENAco
- MENAco is a "local" company as in located in UAE
- MENAco has the 5 year services contract, not SNV


thorgb1 wrote: I assume all SNV insiders are involved in MENAco......question is why was it spun out and why was the contract not awarded to Sonoro directly? Why isn't MENAco a local operating company, 100% or majority owned by Sonoro shareholders?

 

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