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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. > Predictions
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Comment by martindaleon Aug 02, 2022 9:27pm
61 Views
Post# 34867142

RE:RE:RE:RE:RE:RE:RE:RE:Predictions

RE:RE:RE:RE:RE:RE:RE:RE:Predictions
StratCap wrote:

 

copperplay wrote: Settlement of debt how?  Raise cash and pay it off or offer equity in Snv?


In the fourth quarter, PT Sumatra Global Energi (“SGE”), Sonoro’s joint venture partner of the Selat Panjang Production Sharing Contract (“PSC”) has advised Sonoro, via Asiavest Trust, Sonoro’s Trustee representative company in Singapore, that Sonoro is in default of the Convertible Debenture and Loan for approximately $1.6 million and $300,000 
 

 

This needs to be dealt with at some point. The $1.6 million was convertible into shares at .10 if converted in year 2 if memory serves me correctly. It's past year two.
 


: So are you trying to imply that this wasn't already considered?
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