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Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

Energy Oil & Gas E&P
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

Sonoro Energy Ltd.
Bullboard Posts
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Comment by AyuFanon May 02, 2018 10:45am
171 Views
Post# 27969905

RE:RE:RE:RE:RE:RE:RE:RE:Sonoro Energy Provides Update

RE:RE:RE:RE:RE:RE:RE:RE:Sonoro Energy Provides Updatepaying off government to get the license is probably the purpose.

To think a step further, i believe their next test cost at least 500k USD? (if you read the MD&A on PNN and their cost estimates, that's where i got 500k USD from.. could deviate.. but it's an estimate)

they currently do not have any money int he bank right now nor do they have any credit line that PNN has.

My guess is another PP will come (probably fully funded this time) if they received license extension (hopefully we can read the full detail and clause for extensions)
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities