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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 07, 2024 11:51am
172 Views
Post# 35920654

RE:Nothing in the tank

RE:Nothing in the tankI don't expect another NR until well is at full rate and company has next well planned. At $500k per drill plus rework, 3+ months to learn if a well is worth keeping. With only 1 well ramping up it's hard to expect much news on current production until they reach a set flow rate or the hole collapses trying to get it having calling in more rework. Correct me if I am wrong, but this is experimental stage and my $500k may be off.

Current oil production capital should be going towards a buffer for the current well, and then into other wells once stable. Paying for future wells last. Nothing news worthy yet imo. We wait for  flow, new wells, or MENA news now. Could take some time which is why I said it would be nice to see some insider buying. It will tie us over to next NR. 
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