Sonoro Energy Ltd. V.SNV

SNV Future

[MJB4231]

While this forum is getting jockular there are some like myself who own millions of shares. The level of seriousness of potentially losing it all sickens me and a few friends. Some will say this is the venture and what occurs daily and for that I say BS. This was a viable investment gone sideways and we honestly don't know the truth as to what happened. If you're a serious investor you'll want answers. We are getting zero additional updates and all time low SP when our resource is at record prices. Our company is out millions as a result.

[StratCap]

I doubt that you will get any true answers to what happened with the partner with regards to the relationship and how that went sideways. Nor will you ever know what was in the Reserve Report that the company commissioned and was basically completed but they didnt release to the shareholders. Even though they publicly stated that the report was going to be released in the "near term"

[ark88]

Well said. Couldn't agree more. Here's an interesting question. If they landed another prospect in Indonesia, would you sell at the first uptick or stay the course.?

[copperplay]

  Ark88 let's both agree on this.  At 2 cents any news on a new project or new partner and this stock will jump to the teens.  Also any new project that Sonoro can finally control would be worth 30-40 cents at minimum with Oil prices  These guys have been held hostage for 3 years by a scum bag Jimmy  Why is Dean, Bill and Richard sticking around?  What do

[StratCap]

  I myself would probably wait to see what the new project is, what price the financing is done at, and how much skin the insiders will put in before I buy or sell any position in SNV. Having said that, if the insiders cut the throats of their  loyal shareholders by doing a big reverse split or do a real cheap financing and not offer any to the current shareholder base then likely I

[ark88]

All very good and sound points. Its important to realize that the Ukraine war is going to have a huge impact on energy prices. If you think its bad now wait till end of summer or early fall. World oil prices could very well head to $150-200 p/b and in this scenario, production outside NA will become very attractive. In this light, getting clarity and direction from management would be super

[StratCap]

  There is no question about the opportunity in this sector. The question remains, Can they execute?

[SlyFox1]

Do you think management has a rabbit in the hat to pull out ark. 150-200 a barrel would be amazing if they can get Selat or another block going.  where would they have fund for another block. placement 

[ark88]

Not sure if they do, but the same thing could've been said after Budang so who knows. They certainly seem able to get on the list. Whether they can execute is another matter. But given the state of energy prices, I have no doubt they would be able to raise the funds.