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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 FabiusCunctatoron Aug 01, 2024 3:04am
84 Views
Post# 36157635

RE:RE:RE:RE:MENA

RE:RE:RE:RE:MENAA highly dilutive transaction of minimal value to the shareholders.  Likely the mooted funds for the Service contract -  would simply evaporate.  The mystery however is that SNV would have a 20% interest with company management managing the project or deeply involved.  The company would be paying salaries and overheads one would assume.  But WHO is on the other side of this -  who owns the other 80%.  Reasonable to expect that Wadsworth and Leunge et al have an interest in the 80%.  This transact6ion is of no value and is very opaque in a country where opaque suggest corrupt.
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