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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 SMlachakeon Jul 20, 2022 11:40am
57 Views
Post# 34837174

RE:RE:RE:Shareholder Value

RE:RE:RE:Shareholder ValueI think we are all in agreement that we need news and need them sooner than latter. In my opinion, whether and how financing is going to be done depends on the news. And I fully expect the news to proceed any financing, otherwise, we would he seeing other updates to inject some health into the company history. So, what happens after 51-101 confirms deep resources as we all expect? What happens when the wells are in production and suddenly we have cash flow at higher than 25% share? What happens if we get a deep pocketed partner? What happens if all we need is drill and hook into a gas line, with a gas supply contract? Etc. Could we even get away with very minimal dilution and a Revolving line of Credit? I did some dd on our board members, and at least one of them is an expert in gas marketing and onsight usage.. so what else is in the pipeline, the are working on a number of things..... in conclusion, the main unkown is how much work was left and thus amout needed to fund the reserves report to conclusion. After that, I think we will be in the clear with insignificant dilution needed. Let's hope something comes out by next Friday. That is my target date.
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