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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Comment by StratCapon Sep 10, 2023 11:44am

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Post# 35628251

RE:RE:RE:RE:RE:RE:News Flow

StratCap wrote:
FabiusCunctator wrote: It is worth nothing that Bankers Petroleum from from a SNV to prodicing 11,000 barrels a day and a market capitalization of $600 million in a few years. Between 2004 and 2022 Bankers paid US$900 in taxes, US$675 million in Royalties and another US$100 million in other local and satte taxes and charges. Siubsequenbt to the acquisition production peaked at 20,000 BPD.

This was in Albania and that is not an easy place to work.

If SNV can acquire a serious asset in the ME of North Africa then they can do a whole lot better than this. Their objective should be to produce 100,000 BPD - which then generates some meaningful cashflow. This is the sorth of company that Sarah Akkbar wants to grown. Go SNV Go Management.

Cant forget Sara Akbars company that she headed up was also sold for hundreds of millions as well.

United Energy signs deal to buy Kuwait Energy for $650.85m

Kuwait Energy is an upstream oil and gas company engaged in exploration, appraisal, development and production activities in several countries, including Iraq, Egypt, Yemen and Oman.

The transaction will enable United Energy to expand its footprint into the resource-rich oil and gas markets in the Middle East and North Africa and is in line with the company’s strategy to become an independent international oil and gas player.

https://www.hydrocarbons-technology.com/news/united-energy-signs-deal-buy-kuwait-energy-650-85m/