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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 GeorgiaStreetEon Dec 06, 2022 11:47am
108 Views
Post# 35153532

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

RE:Well got to admit that’s not the news any of us were lookingMartindale -- the value of the risk to the partner if Sonoro does not die or go away via settlement are that they are lurking in the background when the partner seeks to renew the lease or sell in 23 months. A lien agaist the PSC only has value if Sonoro gets paid. Litigation risk with this outstanding and a partner with even a filed claim could be enough to sour a deal or reduce the value of a deal that the partner puts together. I'll still bet that when Sonoro visits lawyers, some f-o money is possible. Best of luck to everyone else.
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