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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. > SNV Forum
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Comment by StratCapon Sep 29, 2022 1:52pm
81 Views
Post# 34995402

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SNV Forum

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SNV Forum

SlyFox1 wrote: Also can explain the reason things are taking longer. If the existing debt is revalued to say 6cents, this would now result in SGE exceeding 20% ownership in SNV. This threshold being exceeded opens up a whole new realm of obligations with CSE for SGE. Have to think that was why the original issuance was only for 19.9%. 

 

20% and above will require a special meeting of the shareholders to approve that issuance. So yes, lots of variables to consider.

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