Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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. > Routine vs non-routine & approval time
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(626)
•••
Comment by ark88on Oct 12, 2023 8:23am
114 Views
Post# 35680157

RE:RE:RE:RE:Routine vs non-routine & approval time

RE:RE:RE:RE:Routine vs non-routine & approval time
ark88 wrote: and herein lies the mystery. After 3 day from this press release, they pull the license. After "...remains on target to be spudded ..." within 2 weeks, following Thursday and Friday they pull the license on Monday. Why the rush?

StratCap wrote: All we know about the horizontal well strategy is from the September 13 press release:

Sonoro Energy Canada Ltd., a wholly owned subsidiary of Sonoro, expects to spud the second well within 20 days from the completion of the first well, which remains on target to be spudded before Sept. 30, 2023. Furthermore, the second well is being evaluated to be designed as a multilateral horizontal well, potentially providing improved economics and rates, along with increased access to recoverable reserves and overall development of the resource. Further details will be announced once finalized.




The one very plausible reason to pull the license so quickly by Sonoro is if the partner tried playing games. That's exactly what I would do. Can't think of another reason.
We'll know soon. GLTA!

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities