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.

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Sonoro Energy Ltd. > Corporate Update

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Comment by martindaleon Oct 21, 2021 5:03pm

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Post# 34034916

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Corporate Update

Yes that’s why I mentioned that...

RoyMax123 wrote: Do you really think it's not possible for a crooked Asian companie to buy a crooked judge in a crooked country ? it happen each and every day and between friends it's cheaper than you think.

martindale wrote: That would be quite the deal, 25% = about $700 million, for a debt of a couple mill? Looks like court is where this is going... unless the partner would be willing to pay for SNV s 25%, and that sure doesn’t look like that will happen or it would have already.. the partner has been dealing in bad faith, almost right out of the gate, that alone doesn’t bode well for them in court. Outside of paying off the judge I see Sonoro as being on decent footing in a court action. Pretty sure they have fulfilled as much as was possible to get this to move forward. If the partner doesn’t want the shares that’s their choice, but that doesn’t mean they get SNVs 25% in leu not without a substantial cash transaction which can be settled in court.. JMO, the story isn’t over, GLTA Invested..

RoyMax123 wrote: Ark,

SGE don't asked for shares they asked for the SNV 25% part .

ark88 wrote: You better hope SNV management had top notch legal advice with respect to the Loan Agreement.
That's all that we have to hang our paper on at this point.

SGE has made their intentions clear with the demand for SNV's share of Selat Panjang in lieu of monies owed.

SNV will now issue 19 million shares to SGE before November 25, 2021.

All of this is just bluff until SGE files papers in court.