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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 MehmetPashaon Jun 07, 2023 7:09am
97 Views
Post# 35483871

RE:RE:Talked to TSX

RE:RE:Talked to TSX

Could be that or as Thor put it they want to know what the deal is.... so yes it's material but what is it ? Without the reserves it's just a speculative investment in a field but with a deal and reserves it's clear. That clarity should also mean we become relevant and are moved back on to the  main board. 


Also an uptick in price accelerates the warrants and the deal is financed ( 33 million at 1.5 cents lead to  33 million warrants  at 5 cents or 1.6666 million dollars). An uptick is more likely to occur if there is a reserve report.

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