Sonoro Energy Ltd. V.SNV

Well...

[martindale]

I may be alone (doubt it) but, I am encouraged by the corporate update... from what I’m reading the Gov is on Sonoro side in this.. it sounds to me like the Indo Gov might just put the screws to Jimmy.. that would be nice but money talks.. even with the Covid S#it (SH wouldn’t let me say CR@p lol ) .. Indo needs oil.. Sonoro has made as much progress with this project as they are able to without a JOA, as someone else here mentioned there is the possibility that the management of the oil fields could revoke Jimmy’s involvement and award it 100% to Sonoro....... WOW! Wouldn’t that be awesome! We can only sit and hope, fingers crossed! GLTA the long time patient investors! We are at a win or lose position.. from the update I see a modicum of hope... JMO..

[copperplay]

  If Sonoro gets 100% of this PSC this stock is $4.00 just saying Those that believe this will happen start buying up the shares 

[MJB4231]

Annnd what if they also get adjacent PSC with new partner?

[copperplay]

  management can lead the way here lots of cheap stock available at market 

[MJB4231]

Great point... Would be epic seeing management buying on the open market.

[copperplay]

That's my point if things ready to turn around where are these guys?  One press release every 6 months and funding operations only to keep the lights on for 4 years now is no longer acceptable 

[RoyMax123]

I highly doubt that the Gov is on Sonoro side, don't forget that's the same Gov that terminated Budong without warning...

[copperplay]

Exactly Roy if Migas were on Sonoro side this would be resolved by now as they have pleaded with them over a year now  also if things so good we would not be all time low stock when oil at 10 year high 

[MJB4231]

Different time / Different Govt... Yes it's Indonesia and corrupt as hell however they are desperate to attract foreign investors and NEED oil badly. The agreements have changed improving legal binding contracts for foreign companies. Kirk & Marpe know this countries rules and corruption worries. Read the last NR carefully... We are looking into other PSC options near by Selat. Migas is

[MJB4231]

As a matter of fact check out the current energy shortage as of this week and Brent crude now over $80.00 Bl. Indonesia can't import fast enough to keep up... THEY NEED OUR OIL!. Let's go management and keep momentum going with progress :))

[ark88]

One thing or another, short Sonoro turning off the lights for good, the next most probable news to hear would be funding/PP. The six million dollar question is what is the funding for? To explore new opportunities or to meet obligations related to Selat.

[copperplay]

  this was many of our worst case scenario debt obligations due for $1.7 million not to mention extra funds to keep lights on while stock at all time low and major dilution ahead  This last press release actually hurt Sonoro more than it helped bids dried up and the longer we stay at current levels the less likely any good news in 2021 If it's even possible this could get