Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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
Post by cactus26on Mar 22, 2013 12:59pm
152 Views
Post# 21263209

Lost Cause

Lost Cause

Move rig - location construction - Well materials - Operational costs @ 100,000/day, I have, Worked in Kurdistan. These guys don't have the money. They will need 20 mil more to see this thing though the first well. With out deep pockets the KRG will punt the company, take over opperation's with no returns to investers. For returns to investors SNV will need 100 to 150 mil capital investment in country. At best SNV will get $20 to $30/bbl return, thats 2 to 3 years down the road. Providing they get a sales permit. Driiled, Cased & ready to pump doesn't put money inyour pocket until you can get sales permits. And it doesn't matter what the provin reserves are. There are alot of larger operators still waiting for sales. that have invested $1,000,000,000. or more. Further more they are at the front of the line. Prove the reserve's & sell the company. My thoughts.

Bullboard Posts