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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. > More buyers then sellers, lets be positive!
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Comment by ark88on Oct 25, 2021 11:09am
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Post# 34044857

RE:RE:RE:More buyers then sellers, lets be positive!

RE:RE:RE:More buyers then sellers, lets be positive!As I said, the best option for SNV at this point is to accept a buyout offer from SGE. In the meantime, SNV has to play hardball, top up the treasury and prepare for a long fight.
The 5 year, $74 million commitment of the PSC is a ticking bomb that plays into SNVs hands.
SGE could lose it all if this drags out. So what is the price for SNV to walk?
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