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Bullboard - Stock Discussion Forum 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... see more

TSXV:SNV - Post Discussion

Sonoro Energy Ltd. > Mena project
View:
Post by copperplay on Feb 28, 2024 6:31pm

Mena project

Ark88 where does it say this has anything to do with Canada?  Canada could be another month away before results 

this from Feb 5th press over and above my comments about their interviews

"In matters regarding our previously stated evaluation of opportunities in in the Middle East and North Africa region, the Company has continued meetings in the region and are in discussions with various parties to advance these select opportunities with no guarantees that these will or will not be concluded."
Comment by StratCap on Feb 28, 2024 7:05pm
Not here looking to argue. But this is from the press release dated November 16,2023. Richard Wadsworth, chief executive officer, commented: "Commencement of drilling signifies an early milestone in Sonoro's strategy to establish cash flow for the company in a demonstrated low-cost region in Saskatchewan. Our objective is to drill a subsequent multilateral horizontal well shortly ...more  
Comment by copperplay on Feb 28, 2024 7:21pm
Ok again the timeline doesn't make sense to me.  They drilled December 21 which means results and cash flow not happening until now two months later March 2024  then why make those comments in interviews in October?  Expecting by end of year ? im not arguing either but this is how I am many others on here who private message me each day believe?  But back to Jimmy, Thorgb ...more  
Comment by StratCap on Feb 28, 2024 7:27pm
Cr@p execution by Management set up by high expectations from timelines in news releases and online interviews.  All of the above has killed the momentum in the stock and the current share price is indicative of that. The execution is not deserving of a premium in the share price. Hopefully this will get rectified soon. GLTA.
Comment by copperplay on Feb 28, 2024 7:33pm
Ok Stratcap so you agree with Thorgb1, Jimmy and MJB and I that the CEO should have never over promised and now under delivered 
Comment by Bigtroft on Feb 28, 2024 7:55pm
This post has been removed in accordance with Community Policy
Comment by StratCap on Feb 28, 2024 7:59pm
Hindsight is 20/20. I do not believe they set out for this to happen. There were a few stumbling blocks out of the gates after those lofty expectations were set.  The most recent one being the extreme cold weather which caused a problem with the drain and lack of availability for the service rig to rectify. My only hope is that we are well into IP30 without anymore hiccups. Its ...more  
Comment by ark88 on Feb 28, 2024 8:15pm
Of course they didn't start out for this to happen. Then why would they've put in the money. For us longs, this ship was sunk until they put up the money in May of last year. Let's not forget, we're trying something novel here. Sure it would've been amazing if thing went perfectly but thems the breaks. As long as they're making steady progress that's all that matters ...more  
Comment by StratCap on Feb 28, 2024 7:34pm
Just to clarify, I would include poor communication as part and parcel of that terrible exceution.  The market hates uncertainty and we are seeing this first hand. GLTA.
Comment by ark88 on Feb 28, 2024 7:25pm
I've found that it's very common that folks don't fully comprehend news releases.
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