Sonoro Energy Ltd. V.SNV

Despite the doom and gloom

[martindale]

Presented here I am still somewhat positive, call me crazy if you like but, 1 Sonoro has met its requirements as obscured as they may be. To our knowledge. 2 the only thing we owe our partner is some shares, they can claim what they want but it has been very clearly demonstrated that they are and have been dealing in bad faith. 3 we didn’t get this opportunity after the budong kerrfukle cause they were handing out scraps.. this was supposed to be compensation of sorts, so I have to believe we will get something of value in leu. 4 our 25% has some value.. how much that’s for the pic manager or the courts to decide. 5 and lastly I am pretty sure despite however much money jimmy has the gov is not happy with him.. do we have enough goodwill/friends in the kitty to make a favorable decision? The contract if it’s solid enough might just give us a golden egg.. a status update would really be nice.. anyway I wish all stock holders the best and yes I have been quietly picking up a few more share in hopes that it will somehow work out.. got my average under .04. Either I will be out some thousands or I will be seen as a genius! I’m hoping to one day be called Einstein! Lol GLTA Invested!

[copperplay]

Martin i really want to believe you as I am holding a wack of snv shares.  My own theory is if this were true family, friends, people who work at Migas or talk to people in the Oil industry would be buying up stock in anticipation of a profitable resolution to Sonoro  But that's just me.  Imagine if management bought stock at 3 - 5 cents on the market?

[ark88]

Some rational and common sense for a change. Let me take it one step further. The company has 2 liabilities at the moment. First, the 25% stake of the $74 mil expenditure over 5 year commitment. This I think most would agree we can just walk away from. The second is the $1.6 mil owed to our "partner". Clearly, our 25% stake in Selat Panjang has at least the value of what we owe. But in

[MJB4231]

[copperplay]

Lets see what gets press released on Thursday regarding this.  I am one upset shareholder and I would bet most on here feel the same way.  We were all told back in 2018 that a JOA with this partner was coming.  That changed to 2019 when the block was awarded.  That changed to Rhamadan, partner very busy, etc and that changed to when the PSC gets signed.  Then when

[StratCap]

  Nice summary of the incompentency and deceit.

[MJB4231]

Would very much like to hear from YYC but it appears he may have been in the loop and moved on. A shame cause I enjoyed hearing his input. Could have been all a pump but will give him the benefit of being a gent and not the case

[ark88]

This post has nothing to do with the prospects of SNV and is just a general comment about the dangers of investing in stocks on the Venture. I hate to break it to you but you have noone but yourself to blame for your investment in SNV. If this is any solace, you're definitely not alone, especially on the Venture, to having "spoken" with executives of the company and conflating that

[MJB4231]

Wow... Bazinga! You nailed it ARK

[martindale]

Well I posted this almost 9 months ago.... looking more and more like I am a genius lol I wish.. lol let's get this thing rolling! And again GLTA Investe!

[martindale]

Reading the whole thread is interesting just saying. Night all