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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

Comment by StratCapon May 31, 2022 1:51pm
67 Views
Post# 34720652

RE:RE:RE:RE:RE:Proxy vote

RE:RE:RE:RE:RE:Proxy vote

GeorgiaStreetE wrote:
There is no end game for continuing with the pie in the sky idea that these guys will strike gold somewhere in Indonesia if left on payroll long enough. The only question is whether or not they can get Sonoro paid for the portion of the Selat that it was awarded, or will they avoid that legal bill to bleed more payroll instead

 

I just dont see why they couldnt find another project somewhere and move on to something more positive. The PSC for Selat is in Indo subsidiary Baku Straights. 

New subsidiary wholly owned by SNV can go after a new project (not in Indo)  Selat can sort its self out when and if that ever happens. Why hold the shareholders hostage?

Management can make that change but not sure why they are paralyzed.

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