Sonoro Energy Ltd. V.SNV

RE:RE:RE:SNV Finally

[copperplay]

LionWhisper1 wrote: If you can do better go ahead, or better yet buy or sell

copperplay wrote:

 

LionWhisper1 wrote: Well it seems that this long delay was 100% due to the fact that the partner did not want to work, communicate or even see the previous management.  The true details will come out in due time but now that this is done, it paves the way for many opportunities.

The partner has two options, get JOA signed and start work or sell their interest and move on.  Now with oil >$70/bbl i bet the partner will sell out.  If they do sell out and the new partner works with SNV better, then SNV stands a better chance to either get cash flow from operations or sell the entire 100% to the many interested parties (that are only interested in 100% and  if there is no partner(s) in the picture).

Also new CEO is proven in the area both from operations and business development.  Selling a $2.5 billion dollar asset certainly comes with a roladex of contacts and the ability to get a deal done!  If they go the operations route then his background will also complement success.

Those valuations done in the past are very accurate (for this high level analysis) and likely very close to what the reserve evaluators would assess.

Combined with this, the Indo government is a proponent for development and would facilitate any start of operations or sale to parties that would start operations.

We are 3 hours since news broke and already this level of interest, I can only imagine what happens if some of the above comes to fruitition!

 

 

March 9, 2021 along with your many other "in the know" posts 

GLTA 

Lion if this is done as you say and Sonoro coming out winners why are you not taking out all the 4 and 5 cent shares?  Because you have no clue what your talking about