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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 Oct 07, 2022 7:49am
124 Views
Post# 35011634

RE:RE:RE:Last NR

RE:RE:RE:Last NRLook below in bold, what happen if not executed ? that will mean no increase in ownership, but will SNV hold back the RR as well ?

"Sonoro will commence immediate work to complete a detailed reserve report as per our Memorandum of Understanding and we are looking forward to our partners participation in Sonoro, which if executed, will increase the Companys ownership of Selat Panjang from our current 25% ownership position"

MJB4231 wrote: Mr David Kirk, President and CEO states that this is a significant development for Sonoro for developing the project towards hydrocarbon production at the Selat Panjang PSC. We are re-engaging with our partner after a period of little contact during the covid restriction period and collaborating to resolve any previous issues that have stalled the progress of the PSC. Sonoro will commence immediate work to complete a detailed reserve report as per our Memorandum of Understanding and we are looking forward to our partners participation in Sonoro, which if executed, will increase the Companys ownership of Selat Panjang from our current 25% ownership position.


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