Sonoro Energy Ltd. V.SNV

PP closed

[MJB4231]

https://ceo.ca/@thenewswire/sonoro-energy-closes-private-placement-and-provides

[Hamoudi]

About time just before June. The coming month will be interesting. "Despite that, we continue to explore multiple options to resolve outstanding issues and have every reason to believe in a successful outcome"

[RoyMax123]

Would be great if they'll announce the resource report and that they resolve the issues with their so called partner at the same time. I surely ask too much but one can dream

[copperplay]

Rory the resource reports has to be worth 30 cents and the partnership agreement same so if your dreams come true...

[copperplay]

keep an eye out for sedi insider transactions filing calm before the storm

[GeorgiaStreetE]

The biggest takeaway for me is where Kirk says the report has been delayed while they "reviewed the inputs to the study". It reads to me that the report is going to show much greater numbers than previously reported for the Selat.

[copperplay]

  If this is true Kirk will have no issue selling this story to his Oil friends and investors as previous reports value Snv at $2.50 - $3.00 Surprised at market reaction so far but our time is coming for sure 

[GeorgiaStreetE]

Fingers crossed the new report includes a newer extraction method than the old one. Horizontal drilling projections could turn the existing data into much bigger potential.

[copperplay]

  If you get an update from management let us know 

[Tree2tree]

Concerning the reserves, I would beware of erring on the side of optimism, as all of us invested in SNV have done more than once.  To be honest, one fear I have about the reserve report is that the numbers came out low (possibly based on stricter rules than previous studies), and they have been trying to find a way to improve them.  Just saying, we have to consider both plus and minus

[MJB4231]

Tree... A very valid point. However if I see all management putting 50K in PP that worry goes away... JMO

[copperplay]

  Management have a lot more than $50 k riding on this the guy who works in Jakarta has about $600,000 I believe  I want to see how much the new CEO puts in this will be telling me back up the truck or not   

[MJB4231]

Yup... Imminently SEDI will show us all

[LionWhisper1]

$100K

[MJB4231]

Lion.. . Each person bought in 100K!!??

[copperplay]

Pretty sure he means Kirk but unless he is an insider not disclosed yet they have until Friday but hope to see tomorrow