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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 ark88on Dec 06, 2022 10:29am
85 Views
Post# 35153225

RE:RE:RE:I was right about SGE

RE:RE:RE:I was right about SGE
RoyMax123 wrote:
To make SNV spend their last dime on Travel / Reserve reports / etc 
Once they are out of money you offer them just one alternative, to clear their debt in exchange of the 25% 

ark88 wrote:
RoyMax123 wrote: They just wanted us to go belly up.

That's one possibility.
But why would they ask us to the table after 2 years of uncooperation?
Why would they then sign a MOU?

 



Yes I agree, that's one possibility.
I ask, why make it so complicated? Just pay us to go away.
If the assets are that great, 20 million is a drop in the barrel and so much easier and cleaner.

IMO, thats still a possibility. Maybe management has been rebuffing offers which they consider too low. Maybe now managment has no choice to accept a "low" offer.

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