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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 RoyMax123on Jul 21, 2022 9:15am
83 Views
Post# 34839913

RE:RE:RE:RE:The Future

RE:RE:RE:RE:The Future The news you're talking about is dated Nov 20th 2020 and they stated on the Oct 1st 2021 news that the work on the RR has been put on hold.

So I hope in that they have done some work on it between Nov 20th 200 to Oct 1st 2021.

SlyFox1 wrote:

What I personally don't understand is why some people keep saying reserves are done and need small tweaks. Does someone have something in black and white to confirm this.

Based on what I can gather it seems like there is still a decent amount of time before we could see reserves because of two main reasons. 

First, is i wouldn't suspect it to be as easy as just updating the oil price. Any auditor of the report will most likely want to complete a full review due to the change in oil price having a substantial impact on the value before putting their stamp on it.


Second, as per a company NR more work needs to be done to full maximize value: "Having delivered all of the PSC data to RISC it has become evident that to maximize the value of the asset and to give shareholders the most realistic understanding of the potential, additional work is required prior to the completion of the report. This work will now be expanded to include a prospective resource assessment of the Pematang reservoirs in the BSR development area where an existing Plan of Development (POD) was approved in the past by the previous operator."

So either I have no clue what's going on or people are making crazy claims that reserves are done and will be out soon. I think we will see some NR soon not reserve themselves though for at least a few more months. Once they are out we will have a large repricing since we know even based on old reserves from previous block owner the base value we can expect. I'd suspect some patience is still needed for the real value to be realized in the SP 



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