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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 Jul 20, 2022 11:14am
49 Views
Post# 34837081

RE:Shareholder Value

RE:Shareholder Value

ark88 wrote: Just expressing some random thoughts while we wait.

While I generally believe that the health of the company is more important than shareholder value, however in our case, I certainly hope that we get news before the inevitable financing that will create diultion and thus reduce shareholder value.

One small sign of hope for us minions is the exercise of warrants last week for much needed cash. 
Lets hope this is all that is required for us to get to the Company making moment, be it RR or SNV ownership increase in the PSC in exchange for SGE stake in SNV. GLTA!

 

My random thought and I have mentioned this before is that they should do a rights offering that allows the current and long term shareholders participate in a financing. This would give everyone the opportunity to put up or shut up and get aligned with the future success of the company. IMHO

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