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. > News

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Comment by ark88on Oct 10, 2023 10:42am

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Post# 35676974

RE:RE:RE:RE:News

Someone please answer the riddle; why would they pull the license in advance of the deadline?

RoyMax123 wrote:
Maybe they learned (from Indo) that when a partner start begging for more it's better to run away and look for something else then try to negotiate.

If a partner is not happy with his own initial agreement he will probably never be satified...

But again these are only speculations. The only fact that we know for sure is that we know nothing... Sonoro 2.0 didn't changed much, again shaerholders are kept in the dark.

ark88 wrote: Yes, in the absence of news the deal could very well be dead. Th eone small caveat that doesn't make sense is why would Sonoro pull the license before the Sept 30 deadline? If Sonoro was having issues with the partner, wouldn't they be negotiating to save the deal. The last thing one would do is to pull the license, certainly not in advance of a deadline. Unless between the 13th and the 18th something catastrophic happened. Anything is possible but is it likely?
Having said that, obviously th elonger we go without news th ehigher the probability that the deal is dead. I would think 2-4 weeks is a reasonable timeline to ironout issues and/or clarify a new direction sufficient to provide an update. GLTA!

RoyMax123 wrote: Yes, we need news but I have a feeling that this deal is dead... I hope I'm wrong but do you remember when they went silent in the past ? the outcome was never what we wanted to hear.

copperplay wrote: Cheers roymax thanks for that but again today no news and no resolution to this the stock needs direction