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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 politicaton Dec 29, 2023 12:22pm
284 Views
Post# 35804135

SNV is still alive ?

SNV is still alive ?Having been a shareholder back in the Salat days waiting over a year for for drilling that never came and watching share price go to 0.03 ( sold at a loss ) -- I am surprised to see on an old watchlist that it was 0.20. Canada drilling now !   Hmm.
Question -- it seems that early Jan there will be 33M shares available to be sold ( the 4 month lock up period will expire ).
Since these shares were purchased at $0.06 ... is there concern here that a good chunk of these shares will be sold and push down stock price ?  That is a lot of shares -- 3 or 4 weeks of trading volume..

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