RE:RE:RE:RE:RE:RE:New Press Release - Sonoro Energy Ltd. Enters into MOU to Acquire 20% Interest in a MENA CompanyRichards language in this NR is noticeably different and more restrained. I guess if and when the deal closes we will see numbers associated with this deal, and we may see Richard using the word "Transformative" once again.
Richard Wadsworth, Chief Executive Officer of Sonoro commented, “We are excited with Sonoro’s participation in MENACo, establishing a MENA country entry position in the oil and gas sector along with key relationships with major stakeholders. Directly and indirectly, Sonoro intends to support MENACo with key well management personnel applying our experience in the upstream oil and gas production and development areas to further support the national oil company in reaching their objectives.” ark88 wrote: I agree. We'll find out in couple of weeks if this deal is real. The deal is great in terms of low capital investment and everaging know how. There's no "cost" to existing SNV shareholders as we get 20% and they get 15%. Even if MENAco is same as SNV, its a wash transaction meaning the only value here is to the upside for SNV. The one big mystery is which country is the MSA with? Libya?
Not too long to find out. GLTA!
SlyFox1 wrote: i think this should move the needle and at least set the floor at 12