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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

Comment by ark88on Jan 18, 2024 11:33am
69 Views
Post# 35833699

RE:RE:RE:RE:RE:RE:RE:RE:RE:Company's statement on recent selling

RE:RE:RE:RE:RE:RE:RE:RE:RE:Company's statement on recent selling
ark88 wrote: Couple of things of note re the company's comments.

1. The distribution it seems was only thru email to it's shareholders and not to the public. Why? Management wants to reassure the shareholders that they heard our concerns and to state that nothing is amiss. Couldn't be happier as a shareholder to be treated this way.

2. The last paragraph in the email is something I've never seen in this type of releases. Again, management is telling us that they know it's Anon selling and that it's not any insider. I can't ever recall seeing this comment. 

Anon is still there selling, but not as aggressively. Is it a coincidence? Maybe, maybe not.
Regardless, we need material news to sustainably support the rising SP. Nothing else matters.

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