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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 12:35pm
125 Views
Post# 35153727

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

RE:RE:RE:RE:RE:Well got to admit that’s not the news any of us were lookingOr, door number three. For pretty cheap, Sonoro can file a lawsuit, and not pursue it for longer than the time left on the PSC. MGE sells, and Sonoro either reduces deal value, increases deal risk, or waits for MGE to be paid where they can seek to be paid the value of their interest minus the lien. There's value in being paid to go away
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