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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. The Company has drilled two wells in Saskatchewan. The Well 11-30-32-23 W3 was a vertical well and the Well 14-29-32-23 W3 was a Waseca formation multi-lateral horizontal well with four horizontal legs for a total lateral length of approximately 1,600 meters. The Company’s subsidiary, Sonoro Energy Canada Ltd.


TSXV:SNV - Post by User

Bullboard Posts
Comment by Thunderhead1on Nov 26, 2009 11:03pm
312 Views
Post# 16528763

RE: RE: Sale Of Terra-Kleen for 1.5M

RE: RE: Sale Of Terra-Kleen for 1.5MNR states Sonic will receive
.5M of the $1.5M immediately, with the remainder provided in 2 yrs. It says any royalty payments won't begin until after payment is completed.

As a historic note; Sonic bought Terra-Kleen for total consideration of $8M back in Q3-2005, although I seem to recall that price was negotiated downward quite a bit at a later date.

Now... how long before Sonic burns thru the initial
.5M?
Bullboard Posts