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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 martindaleon Dec 06, 2022 11:36am
141 Views
Post# 35153476

Well got to admit that’s not the news any of us were looking

Well got to admit that’s not the news any of us were lookingThat said we aren’t out of the picture yet, obviously out 25% has value, how much? If it were a part of the project value it’s about $1.5 billion, no I’m not saying we should get that.. in a fire sale maybe $15-$25 mill?? Who’s to say..not me that’s for sure,  as things sit though I’m pretty sure SNV could sit on their portion and not allow SGE to do any work and let the PSC  run out.. then SGE has nothing as well... I believe now that the MOU signing was a ruse by SGE to make it “look”  like they were playing ball.. after the previous 2 years of ignoring SNV and the ministry.. going to court could drag this out to the point SGE will have wasted their time here.. and SNV has ample evidence that SGE was operating in bad faith.. that could play in our favor as we didn’t get the opportunity just cause the ministry was handing out cookies and it was our turn. I see it as compensation for the Budong kerfuffle, what ever happened there we will likely never know.. all the same we got saddled with a partner that has as I stated operated in bad faith.. what will come of it I realy can’t say these are just my observations.. the default on the shares can also be taken up in court as a part of the bad faith dealings and dragged out untill There is no time left in the PSC.. I see that as the only way to force SGE’s hand...make them pay SNV a reasonable amount to drop all legal actions and they can get on with screwing someone else, and Snv then have some cash to start over somewhere else.. fingers crossed GLTA.. 
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