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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 goldbug83on May 09, 2013 4:47pm
138 Views
Post# 21359287

RE: RE: April 25th, 2011 New Release "read this"

RE: RE: April 25th, 2011 New Release "read this"

I believe the main concern is that there is an abundance of light crude to be drilled (which we currently don't have a permit for) and scare heavy oil (which we do have a permit for). The problem lies in once we bring in the rig, setup roads, add topping facility, and start drilling if we hit light crude we get nothing. The risk of doing all the work only to have the province or fed government seize it would be pointless. The money is in light crude and SNV knows it and we are at the mercy of Iraq. Firing management now and bringing in new guys after all these years of relationship/contact buiilding would do us a great disservice.

Bullboard Posts