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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 Sinlessbruteon Apr 06, 2020 11:13am
117 Views
Post# 30882866

RE:RE:Agreed on positive incremental news

RE:RE:Agreed on positive incremental newsThe biggest concern, in my opinion and outlying factor was signing the PSC - now that we have confirmation that the PSC is signed so we officially have 25% with opportunity for more, my anxieties are less.
Delivery is another thing, but i do not know why this is going down when the news was quite positive if anything - we dont need to do a consolidation and cash raise (funds available), maintenance occuring at facility which can take sometime and makes sense, PSC signed.

Even if they could drill and start producing oil, they couldn't until the facility is up to spec - so this is progressing as i would expect albeit slow, i would assume activities like this are not quick to turn around to begin with.

I think we should see a pretty nice spike in this in less then 3 months, hopefully a lot less - ill keep adding as it dips.
Bullboard Posts