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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 BlackBeard357on Mar 05, 2024 8:41am
173 Views
Post# 35915302

RE:MY ESTIMATED SNV TIMELINE

RE:MY ESTIMATED SNV TIMELINEIt's still hard to predict for me.

When you look at more developed companies hovering around $4 mark, they are fully embedded in the field and bpd count is massive. They now have the capital to drill into oil pockets like mosquitoes and maintain 

Sonoro has drilled 2 wells, 1 of which is producing but not at full rate. Is that really worth $0.12? We are in the early stages of something or nothing. Lots can fail. We need to see win after win for this to take off this year. Not delay after delay. For me just need to see the wins. Share price should follow. What should worry people in my opinion is an inflated value based on production rates. Opens us outsiders up to potential losses by insiders. Anything can happen right now until we see growing bpd numbers and contract/sales wins.
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