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.

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Sonoro Energy Ltd. > Mm disengaged?

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Comment by StratCapon Nov 02, 2022 3:08pm

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Post# 35067457

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Mm disengaged?

ark88 wrote:

SlyFox1 wrote: Assuming Bakau is a quick restart like we all believe it is, it benefits SGE and SNV. Gets cash flowing to aid in funding the work program.

Have to assume the work program is more around additioanl development and increasing production output, rather than just the restart of Bakau.

Seems logical Bakau was not part of the work program

Here are the reasons why I think you're right about cash generation as a priority:

1. Bakau was the last to be shut-in in 2016 (presumption that its the therefore easiest to reopen)
2. Lastest to be discovered of the 3 fields.
3. Best production rate of the 3 fields at the time of shut-in.
4. Best transport infrastructure of the 3 fields.
5. Closest to the 2 refineries.