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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. > MENA
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Comment by RoyMax123on Aug 01, 2024 6:45am
65 Views
Post# 36157690

RE:RE:RE:RE:RE:RE:RE:MENA

RE:RE:RE:RE:RE:RE:RE:MENA
It's true that a MOU is usually not worth much legally but saying that only fools and those with no market experience announce MOU is kind of a stretch. 
 
Here's just a couple of examples (but there's many thousand more)
 
Exxon & SK On
https://investor.exxonmobil.com/news-events/press-releases/detail/1167/exxonmobil-and-ev-battery-maker-sk-on-sign-mou-regarding
 
Mitsubishi & Shell 
https://selectstrathcona.com/news/mitsubishi-corporation-and-shell-sign-mou-to-collaborate-on-hydrogen-plans-in-alberta/
 
Siemens & Shell
https://press.siemens.com/global/en/pressrelease/siemens-and-shell-sign-mou-advance-low-carbon-highly-efficient-energy-solutions
 
etc etc...



FabiusCunctator wrote: Only fools and those with no market experience announce MOUs.  They are worse than toilet paper, they show desperation.  If management are concerned about market movements then they file a confidential release whence trading of any type by insiders is halted unteil the news is released.


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