Sonoro Energy Ltd. V.SNV

Shareholder Value

[ark88]

Just expressing some random thoughts while we wait.

While I generally believe that the health of the company is more important than shareholder value, however in our case, I certainly hope that we get news before the inevitable financing that will create diultion and thus reduce shareholder value.

One small sign of hope for us minions is the exercise of warrants last week for much needed cash. 
Lets hope this is all that is required for us to get to the Company making moment, be it RR or SNV ownership increase in the PSC in exchange for SGE stake in SNV. GLTA!

[StratCap]

  My random thought and I have mentioned this before is that they should do a rights offering that allows the current and long term shareholders participate in a financing. This would give everyone the opportunity to put up or shut up and get aligned with the future success of the company. IMHO

[MJB4231]

Interesting idea... But as a long term investor I need far more info as to a plan and partnership status before participating. Updates are paramount for investor confidence....look at today for example touching 0.045 yet nothing has changed but sentiment. Update us please

[SMlachake]

I think we are all in agreement that we need news and need them sooner than latter. In my opinion, whether and how financing is going to be done depends on the news. And I fully expect the news to proceed any financing, otherwise, we would he seeing other updates to inject some health into the company history. So, what happens after 51-101 confirms deep resources as we all expect? What happens

[martindale]

Just updating where we are in regards to our potential value while we wait for our next news update.  37,500,000 BO = $3.93 billion @ $105 a barrel 114,000,000,000 cf of nat gas @ $7.40 = $843,000,000, this brings the selat reserves to a total of $4.77 billion. our 25% of that is just under $1.2 billion. And we have just over 120 million shares out at the moment... add extra ownership

[Goldy63]

Yup staggering numbers Martin . The magic word here is TRUST. After all thse years waiting the Market need SNV to Execute and bring to the fore the Catalysts. Till then its same old . Same but the last NR clearly States progress is being made. Long SNV.

[SMlachake]

We almost always take it for granted that our SP is in C$ .. so take those numbers and multiple them by 1.2-1.3 and we can see we sit at X100 for acquisition value.

[martindale]

A big 10-4 to that SM, $4.7 billion US = $6.1 billion CAN... giving our 25% in Can $ 1.527 billion... 

[martindale]

Our market cap of $6 million is 250 ish x less than out current share of known reserves... 

[ark88]

All Reserve estimates are done based on future contracts known at the time of RR preparation. The futures contracts for oil are not $105 pb. Just saying

[SMlachake]

Very well Sir, and it could be higher or lower on calculation day, but considering that the reserve report will trigger an increase in held interest, when it's all done and dusted, I am sure NPV will end up higher than the numbers presented here. Just consider what an extra 10% would do. Anyways, until news, we will continue to languish at this joke of an SP..

[martindale]

All good ark.. Brent crude is currently bid at $106.86 for sept... i was just using a reasonable number as oil has been jumping up and down a fair bit of late.. and will continue to..lol... 

[ark88]

What is critical here is not the PSC, RR or for that matter price of oil. What is critical for all the stakeholders of Sonoro is the BUSINESS RELATIONSHIP with our partner that is being worked out as we speak. That is what has held us up for the last 2 years and has only seen some daylight 4 weeks ago. The resolution of the business/working relationship has to come first. Something happened when

[SMlachake]

Well put sir. And may I add that there must have been something that Kirk saw well before he joined to convince him to come on board. And it seems, it has been unfolding according to that plan culminating in that noted meeting. Now, is it just me or this forum is also starting to get a lot more sober. Lol

[ark88]

I agree. The re-engagement appears to have been in the works for longer than publically acknowledged. Some more random thoughts on this. June 17th "SESSION" (not a meeting) is where they issued a MoU. This implies they've been engaged prior and arrived for the session already with the MoU in hand to be executed. The shareprice and volume made significant upward movements during the

[copperplay]

  we should not be doing any pp or offering Jimmy his debentures to pay off our loan at less that 10 cents after what he has put Sonoro through  why are we hanging around 5 cents this is very annoying but no news Sonoro repeating the past  Let's go boys this is embarrassing now   

[Goldy63]

As Ark said crossing the T,S and Dotting the I,s Copper . Progress is coming slow but sure . Also my team and I still buying as we believe . ANYBODY ELSE? . Nobodys trees Grow money . Yours ? , Grow some balls if you believe but my group very close the 3 mil and yes WE ARE ALL LONGS as I dont like scumbag crumblords that flp for peanuts and I think some longs here just do that as why burn a long

[Goldy63]

Jimmy never gave a damn and has Zero energy left . Kirk will get it down . Give Jimmy a few bucks and good riddence as he has down ST for us the old fart can just go away and do everybody on this STOCK a favour IMO. 

[martindale]

as per request.  37.5 mm bo @ $95 US is $3.56 billion and our Natgas of 114 bcf @ $9.65 US ( presently @9.80) = $1.1 billion so overall value hasn’t changed much but with oil prices likely to rise and Natgas to also continue to increase, we only become more attractive. $4.66 Billion US and the Canadian dollar has dropped as well, so over all no real change in value.. approx $6.1 billion

[ark88]

It's looking more likely that we're going to have to glean operational staus from the Q2 filing. I think we wil have a sit on our hands camp and a sell/trim some camp based on the contents of the filing. GLTA!

[copperplay]

LMFAO Ark88 still going on about these Q2 financials they mean squat loser  News on where we are with MOU and upcoming drilling and reserve...and if there will be a financing this is what smart investors are asking for  not you as you repeated the company does not need to update shareholders at all if we all remember  guess ice cream truck business slow lol