RE: RE: RE: RE: RE: RE: RE: Sonoro Presenting - Ca Just heard Presenation online...
Some interesting developments but still no real date for drilling which is not surprising judging the shareprice reaction.
So basically drilling contractors are not that interested in working with us because we are small time and only looking for a normal drilling rig not a high powered expensive one so it's actually quite difficult to find a contractor willing to take project on.
Upside to this is that they are now looking at third party finance to actually buy a rig and then get the support from contractors to drill it so we can actually get this friggin show on the road. They actually have upto 15 prospects so they see this as along term benefit and cut out the middle man going foreward. So thinking outside of the box ....finally.
There's still along way to go, probaby another 90 days i would say before we start drilling so anyone looking to make a quick buck forget it. We are fully funded by geopetrol for the first 3 drills so effectively we could have a future partner for other prospects if they like what they see.
If I was Geopetrol I would be looking to takeover Sonoro so we have that to look forward to but all in all nothing other to report except that they have posted some new pages on the presentation on the abodoned well from 1935 (at least we know there is shed loads of oil so a small silver lining)
Good luck to any longs as I think we need it .!!
Buzz