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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.


TSXV:SNV - Post by User

Sonoro Energy Ltd. > Reserve reports
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Comment by copperplayon Sep 26, 2023 6:26am
216 Views
Post# 35653898

RE:RE:RE:Reserve reports

RE:RE:RE:Reserve reports
Smoggy123 wrote: Thanks for the reply. Did not know that there is such a differentiator if they spur. 


P1 - proven reserves for example are like 90% chance of success
P2 - probable reserves
P10 - probable reserves for example are like 10% chance 

This is a measure for the market to Value this stock based on future earnings and cash flow.  Proven plus probable is usually the calculation.  I posted before the example of Petro-Victory TSX Venture that on the day they announced reserves stock went up 1000%
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