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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. > Where is the CIBC wall this morning ??
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Comment by ark88on Oct 26, 2022 11:29am
78 Views
Post# 35049841

RE:RE:RE:RE:RE:RE:RE:RE:RE:Where is the CIBC wall this morning ??

RE:RE:RE:RE:RE:RE:RE:RE:RE:Where is the CIBC wall this morning ??
SlyFox1 wrote: Yep, the full Stikeman's article is a great read. 

Sure seems like we hit the 25% discount to get a 5cent PP based off yesterday's close. One can now assume the price is locked so SGE will invest in SNV at the cheapest possible amount and we should trade freely till news (hopefully soon)

Question now becomes, what is the percentage SGE will own of SNV and how much additional percentage of Selat could they be dropping into SNV 

I suppose the presumption has to be anywhere between 51-75%.
That is present day and possible future ownership of Selat Panjang by SGE.
Clearly, from the existing shareholder POV 51% is the preferred outcome.
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