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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 Lionwhisperon Oct 18, 2022 10:07am
160 Views
Post# 35031164

Faitgue

FaitgueI think most investors will be very fatigued with how long this has taken and likely will sell too soon.  Of course you would be happy with a 2 cent stock going to 20 cents, but you have to see that the follow up potential is based on proven facts, not depending on a partner that will or will not pick up the phone anymore.  Selling before reserve report or publically disclosed production rates from restarted wells is leaving a lot on the table.

That will leave the door to monkey and friends to mop up most of the real profit.

Proven Reserves carry 90% certainty, back this up with 10 wellbores that can be accessed day 1, no need to bring in rigs, previously field was selling 1,500 bbl/d run by incompetent operators, massive potential.

Resources also have value but less certainty due to lack to direct production analogy (which in this reservoir would not take long to prove -less than 8 months).
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