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. > Brutal News

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Comment by BCherbon Dec 06, 2022 4:38pm

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Post# 35154500

RE:RE:RE:RE:Brutal News

StratCap wrote:

thorgb1 wrote: You kind of would have thought they would have been working on a finding a new project during the 3 year window when they had no contact with Jimmy. This is a total management failure. Like how could they not have seen that this was going to be a disaster. Jimmy played these losers like a fiddle and got exactly what he wanted which is the whole project for himself.

It's because this is management's semi-part-time job, if that... do an hour or two of work every couple of months.

Agreed. The writing has been on the wall for years. This is a huge management failure. Dont know who was making the call to sit on the sidelines waiting for the inevitable with SGE but that person should resign immediately.

By management's inaction and failure in mitigating risk, they have steered the ship right on to the rocks.

Hopefully they can salvage something out of this shell.

Cheers.