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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 Tree2treeon Oct 15, 2022 1:11pm
159 Views
Post# 35026809

Another key point: reserves report

Another key point: reserves reportBased on the very sketchy info released on the MOU, SNV's key commitment was to "commission and produce a detailed reserves report, compliant with 51-101 requirements".  Kirk emphasized this by saying "Sonoro will commence immediate work to complete a detailed reserve report".

Remember that a compliant reserves report has to be produced by a qualified consultant, you can't just do it on your laptop.  If we had serious and competent management, they would have quickly followed up with a news release saying "so-and-so has been commissioned to produced the reserves report, which is expected by 2022-xx-yy."  That would not be "fluff", it would merely be the most critical item determining whether SNV lives or dies in the next few months.

Clearly, something is blocking SNV from acting on the reserves report, and as usual they won't admit it or tell us what the problem is.  Could it be lack of funds?  Could it be the partner and/or the government is somehow preventing it from happening (which is not hard to imagine), as part of the real plan hiding behind the MOU, which is to strangle SNV until it stops breathing?

Have people here forgotten (again) that SNV promised a reserves report before, and failed to deliver it, and failed to give any explanation?

Again, there is absolutely no indication that SNV is capable of rising from its ashes.  Every 'next week' that passes makes this more of a certainty, yet the true believers continue to believe.


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