GREY:WEIIF - Post by User
Comment by
GenHandgrenadeon Jun 06, 2018 12:44pm
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Post# 28132965
RE:RE:Halted???
RE:RE:Halted???Calgary, Alberta / TheNewswire / March 12, 2018 Sonoro Energy Ltd . (Sonoro or the Company) (TSXV: SNV) has been advised by SKKMIGAS, the energy regulatory in Indonesia, that it has not renewed the Companys Production Sharing Contract (PSC) for the Budong Budong PSC in West Suliwesi, Indonesia. The Company has contacted SKKMIGAS to seek immediate clarification of the situation as the Company had been given verbal assurance that the extension was forthcoming and there is no explanation or rationale provided in the notice received. The Company is working urgently with the relevant authorities in Indonesia to restore the PSC and will continue these efforts.