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

Sign In

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

or

Please Try Again {{ error }}

Send my password

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.

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

Comment by martindaleon Jan 11, 2024 9:54am
109 Views
Post# 35821182

RE:SNV.V's Plan: 5 Canadian Wells (The Math)

RE:SNV.V's Plan: 5 Canadian Wells (The Math)
Mog7546 wrote: 2000 barrels a day @ $71.39 over 30 days = $4,283,400.00 monthly per well

Mid-term with 5 operational wells = $21,417,000.00 monthly
not to be a stick in the mud Mog but, Canadian oil is not $71. WCS is presently $50.77 , also you need to consider that Sonoro only owns 70% of the oil produced, also keep in mind that out of the gross price of oil Soros profit before taxes etc is about $18 per barrel. 
Here is a good resource to follow the price of different oils, eg canadian vs Mid East etc.
https://oilprice.com/oil-price-charts/#prices

<< Previous
Bullboard Posts
Next >>