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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

Post by FabiusCunctatoron Oct 30, 2023 10:15pm
202 Views
Post# 35708498

What Next for SNV - Drilling, Production, Reserve Report etc

What Next for SNV - Drilling, Production, Reserve Report etcSo what to expect over the next couple of months?

  1. Apply for and get the permit to drill.  That could be as early as mid-week.  Might require some paperwork from Proton -  so based on recent experience -  there could be delay due to proton
  2. Secure an available rig - shoould not be an issue this time of the year in Canada and likely the eartlier permitted rig could be available
  3. Given the earlier permitting the site should be rig-ready once the permit is issued
  4. Announcement of rig-move
  5. Announcement of drilling progress
  6. Announcement of drilling-log results and intention to install a production battery -  these are readily available in Canada -  stacked and awaiting sale
  7. Announcement of planned next hizoontal well -  from the same permitted and constructed drill pad -  ideally with the same rig -  while still on location
  8. Announcement of drilling result for first horizontal well
  9. Announcement of production permitting and transport to site of a battery suitably sized for 4 well propduction from the same pad
  10. RESERVE REPORT
  11. Announcement of initial production 
  12. Announcement of 3 more wells etc
  13. Announcement that SNV has earned a 72% in the lands

There is an opportunity here for continuous news flow.  What is missing is some commerical promotional activity, hopefully we will see that in the short term.  

Then there is this much mooted life-changing Mena acquisition.  The fields in the MENA region can be enormous and to pick up an exisiting drilled and maybe producing field would totoaly change SNV.  Sara Akkbar has publically commented that she wants to build a mid-tier independent in the MENA region.  That means an independent producing 100-200,000 BOE per day.  This is the real potenital of Sonoro Energy.

Regards,
Cunctator
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