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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. > Production
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Comment by ark88on Feb 06, 2024 3:15pm
66 Views
Post# 35865966

RE:RE:Production

RE:RE:Production
ark88 wrote:
Jimmy1page wrote: Looks like we're stuck here.

Well, same as before the news. The selling started after the last news on the 11th, but impossible for the hiccup at the well to have been known 3 weeks ago. So it was probably unrelated.

Management is well aware of the possible impact of releasing news on Monday, particularly if its considered negative. By doing so it gives then 7-10 days till next week to comeback to the market with positive news. If they released it on a Friday, as its usually done, it only gives them 5 days. Is this too mcuh reading? maybe but I think we're dealing with management that is conspicuous in their intent and messaging.

We'll have to see where the SP goes if at all, but I think the market sees the same as I noted above. The market is expecting something to drop. GLTA!

Bids are building @0.125, now at 180k. Yup
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