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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

Post by MJB4231on Aug 19, 2022 10:43am
155 Views
Post# 34907294

Long silence

Long silence Just know that long silence as to what's developing is tough but the transfer of stake position in SNV process takes a while for the legal stuff. See attached last NR below reminding us that this is occurring :........ After over two years of dis-engagement with its project partner, PT Sumatra Global Energi (SGE), Sonoro was invited and attended a partner working session in Jakarta, Indonesia on June 17th. At the meetings, Sonoro and SGE signed a binding Memorandum of Understanding whereby Sonoro will commission and produce a detailed reserves report, compliant with 51-101 requirements and SGE will transfer a to be determined additional ownership position in the Selat Panjang PSC for a commiserate equity position in Sonoro.
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