Sonoro Energy Ltd. V.SNV

Question

[copperplay]

Samknowsnothing posted on November 2, 2020 that the Reserve reports are getting done so discussions can start with potential buyers/partners and management not getting paid yada yada.  They are getting paid at other jobs as posted by MJB

My question is this.  Regardless of these new reports public documents and Sonoro website show there was 37 million barrels at this PSC so with a conservative valuation of $10 this is $370 Million US or $500 million Canadian.

SNV is at 5 cents right now.  Why are there no offers at 10 cents to take us out with consolidation going on all over the place in the Oil industry?

If we met year 1 comittments technically our partner have done nothing wrong and they have until October 2021 to make year 2 comittments

RISC reports when?

I am still here holding but would rather ask these very difficult questions now rather than wait until things get worse.  With warrants and debentures we already get diluted to 160 million shares out

[SlyFox1]

Great points. The one thing we do know is that all first year obligations have been meet, which is a great security to know that things are still on track (even if slightly delayed due to covid as all other business is). Do recall that once the block was initally awarded, there was a statement saying that production would not commence till Q1 2021. This still hasn't past, this company is

[copperplay]

SKK Migas has set very aggressive targets for 2021, has offered some big time stimulus to owners of PSC in Indonesia, Brent Crude at pre Covid price, lots of optomism in the Energy Sector...yet still crickets here.  Unbelievable

[copperplay]

reserve reports anyone?  Anyone?  8 months later and still nothing.  They need these done now to increase share price this is only thing they can control.  Waiting for partner they have no clue

[MJB4231]

FYI... Sam messaged me and sold everything about 2 months ago... Said he can't do another Ramadan after 4