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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 copperplayon Aug 03, 2022 11:03am
68 Views
Post# 34868077

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

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

 

SMlachake wrote: But you do seem to ignore the fact that SNG called the defaulted to the table and handed then an MOU.. would one of the conditions on the MOU not been settling this debt then? So, like Martin, I am curious you keep on digging it up and insisting it's relevance...

 

 

So you are assuming the MOU would settle this debt. I dont read that in the press release. Until they update that disclosure, it still is relevant to me as it could represent issuance to settle the debt of at least 16 million shares for the $1.6 million dollar debenture. And if SGE takes that many shares, I see it as a positive as they will be aligned with with shareholders and management. 

So to me this still has relevance. 




Stratcap yes you were correct this debt could be settled at 10 cents after year two which we are in now
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