Sonoro Energy Ltd. V.SNV

The ball is in SNV's court

[FredZarfloon]

I imagine Sumatra Global was not tickled that Sonoro defaulted on loans for $2million. Not a great way to start a parntership. Sonora now has to "commission and produce a detailed reserves report compliant with 51-101" before any further action by Sumatra.

With SNV current assets $120,000 and current liabilities $4.2 million it'll be interesting to see where the funding comes from. 

[copperplay]

  Not a good way to start a partnership?  How about spending $5 million signature bonus to win the PSC only to sit on it for 2.5 years and watch millions of dollars slip through your fingers each and every month?  If anyone is at fault here it is SGE but now all has changed and this billion dollar partner is finally ready to start this billion dollar project while SNV is worth

[Goldy63]

Agreed . Those greedy indo yahoos tried to steal SNV,S consession after playing games and doing Ramadans . They were told to get there butts to the table and thats where we stand . Lets get things going and OIL Nat/Gas pumping so $$$$$$$$$$ flowing . Then we are all laughing to the bank . Period 

[SuperTrader1970]

Thanks Goldy I bought some today

[Goldy63]

Good timing and welcome ST. Cheers.

[MJB4231]

Or consider your partner didn't respond to any correspondence like a pouty child for 2 yrs with a plan to take it all. Can't resolve debt or discuss options when nobody replies

[SMlachake]

Obviously genius, that's why SGE called SNV to the table and handed them a bidding MOU reinforcing SNV position? Production may already have been started.. or let me clarify, SNV may be making money already. Why don't you find another way to cover your shorts. It's obvious you are now panicking and started this nonsense. Watch it burn your shots. Any news here and we will be 12 cents

[martindale]

Well said SM! Where we are now is in the tried and true method of finding out most anything with Sonoro, the old wait and see approach. Which I may say is really wearing on the nerves.. lol.. not the least bit worried, SNV seems to have a habit of pulling rabbits from the hat and I’m grateful for that at the very least... we have a solid management team with experience out their yang yang, we all

[copperplay]

  how about these guys grow some balls and enough delays start pushing and demanding 

[SlyFox1]

Hope they can wrap something up by end of the month. New month starts Thursday, time is ticking management. Give the shareholders something to get excited about this week 

[ark88]

There's no Blue Horseshoe loves Anacott Steel this time. Here's to this time around being an exception. GLTA!

[MJB4231]

I'm thinking next NR is a whopper... SGE & SNV have 2 yrs of catching up to do and sign off on work plan and complete reserve. Not too mention SGE servicing wells..... My point is a ton going on and sign off on

[MJB4231]

Oh and one last big thing as per last NR... SGE assuming part ownership in SNV for a greater percentage of PSC ownership

[copperplay]

  exactly Sly these guys need to update shareholders now this is beyond stupid they repeating same mistakes of the past 

[Uptonothing]

50 years later