Sonoro Energy Ltd. V.SNV

Predictions

[Tekeela1]

I have done some D and D starting about 4 years ago or so.  Yes there are supposed reserves etc, etc, etc, and the potential to make some good cash.  A lot have been waiting a long time.  There is always a little news to push it above .10 cents. Then comes back down to .05 cents or lower this time .03

so what has changed.  Will something happen in 2022?  Or will it be 2023?  What excuses will you have when nothing actually happens in the next 18 months.

don't getting me wrong, I'm hoping for the best and have a lot of shares. It's just been a long 4 years to have that much money tied up

[martindale]

You aren’t alone as you well know Tekeela, I am over 5 years myself and several here even longer, what has changed is our partner is in all likelyhood being forced by the oil and gas regulator to make this happen as indicated in the last news release, I have a feeling they were told that SNV’s 25% was solid and they had no ground to stand on, also wouldn’t be surprised if they may have been told

[SMlachake]

The fact that they started work on the field and then called SNV for a meeting shows they came to full realization that their hands were tied and were only loosing money and/or time. And as you said Martin, probably got heat from regulators for the revenue loss to the state as well. They did not do it out of charity. As well Kirk taking over the job, he must have believed the issues can be

[copperplay]

I like the posts lately but what press are people expecting next?  Yes there are many steps in play by end of year and now 7 weeks since MOU signed so what happens next you think ?

[Iamgod69]

Appointed BoD's then RR/Share Increase. 

[StratCap]

  1. Settlement of outstanding Debt with SGE 2. Reserve Report  3. Increase of SNV ownership of PSC as per the MOU in exchange for shares of SNV 4. SNV to drill/explore into prospective areas of the block while SGE gets current wells back into production 5. SNV sells ownership to a major and all stakeholders including SGE exit very wealthy. 6. 5 day Party at Copper's house. &

[copperplay]

  I like it and yes all inclusive food and drinks included and live music

[copperplay]

Settlement of debt how?  Raise cash and pay it off or offer equity in Snv?

[StratCap]

In the fourth quarter, PT Sumatra Global Energi (“SGE”), Sonoro’s joint venture partner of the Selat Panjang Production Sharing Contract (“PSC”) has advised Sonoro, via Asiavest Trust, Sonoro’s Trustee representative company in Singapore, that Sonoro is in default of the Convertible Debenture and Loan for approximately $1.6 million and $300,000    This needs to be dealt with at some

[SMlachake]

My opinion and line of thinking is that the clock has been reset on this. SGE found that it's games did not hold water. They did not have a case. If they had, they would not have called SNV and signed the MOU. You don't get a party you want to eliminate down in chokehold and then dust them up and offer them a protein bar. You finish them off. If I am to speculate, SNV is waiting on RR

[martindale]

: So are you trying to imply that this wasn't already considered?

[StratCap]

Not sure what you are getting at Martin. I was answering a question posed by Copper. Not implying anything. This is an agreement between SNV and SGE that as of last filing is still on the books and is past the debenture's maturity date. Do you have info to add that is not in the filing? 

[SMlachake]

But you do seem to ignore the fact that SNG called the defaulted to the table and handed then an MOU.. would one of the conditions on the MOU not been settling this debt then? So, like Martin, I am curious you keep on digging it up and insisting it's relevance...

[StratCap]

  So you are assuming the MOU would settle this debt. I dont read that in the press release. Until they update that disclosure, it still is relevant to me as it could represent issuance to settle the debt of at least 16 million shares for the $1.6 million dollar debenture. And if SGE takes that many shares, I see it as a positive as they will be aligned with with shareholders and management

[SMlachake]

The one area we can agree on, and probably 99.9% of holders (except Ark of course), is that we badly need updates to clarify these issues, have everything clarified, but my assumption is that while this debt will be paid, it is due after the RR and that is why the warranties were also extended, that is why it was not raised in the release as a show stopper. That is why, to me anyways, it is not

[copperplay]

Stratcap, Martindale and SMlachake thanks for your input great points but need a press release to clarify.

[copperplay]

[copperplay]

[copperplay]

Stratcap yes you were correct this debt could be settled at 10 cents after year two which we are in now

[ark88]

Yes, of course the debt owed to SGE is still relevant, until such time that a JOA or equivalent is executed by both parties. The MOU, as far as we can discern from the Press release, signals re-engagement between the 2 parties, with said conditions. Nothing more and I think that's also how the market see it as well. SNV is still a 25% owner of the PSC and as such a minority stakeholder. SGE

[MJB4231]

An absolute beauty of a post... 1000% correctamundo

[StratCap]

  I agree with your post Ark. SGE is the operator of Selat according to the SNV's last news release. 

[ark88]

Well Strat what can I say. We are sitting on Billion+ asset and our market cap is $8 million. Who is right. Who is wrong. is it a question of the assets not being worth what they say it is? OR is it that Sonoro is worth only 8 million because we have no access to the billion+ asset? If this picture is correct, how would the RR or a PP help the shareprice?

[ark88]

If investors can't see this picture, I would respectfully say that they are either lazy or stupid. For posters like Copper, I know he is impatient so he can't be lazy.

[StratCap]

  Even Captain Kirk wants the stakeholders to be aligned and sees SGE's ownership in Sonoro as important: Sonoro will commence immediate work to complete a detailed reserve report as per our memorandum of understanding and we are looking forward to our partners participation in Sonoro, which if executed, will increase the company's ownership of Selat Panjang from our current 25

[MJB4231]

And there's the rub of uncertainty Ark mentioned.... "which IF Executed"

[copperplay]

Everyone sees what's expected and what can or can't happen here only way to actually put an end to speculation and next steps is to press release it Ark88 your still a hemorrhoid on this board please do not mention my name again.  Or should I whisper because you can't see my posts ;) 

[ark88]

MUTUAL BENEFIT. That is the basis of a good working relationship/agreement and that is what our CEO is working to establish with our "partner". And as MB has posted, our "partner" who has done work outside of the PSC all the while giving us the cold shoulder. The billion+ dollar asset literally rests on our CEOs ability to sell the idea of MUTUAL BENEFIT to our "partner

[MJB4231]

Again.... Nailed it. Our partnership status while we have a new MOU is still clear as mud. Once it's clarified in WRITING the risk here is gone. Then and only then we can sit back and watch our accounts grow

[copperplay]

well said MJB and all agree with this statement except for one donkey who shall be named later only if he comes at me again or mentions my name 

[MJB4231]

One last comment.... Partnership status clarity alone will push SP to trigger warrants. Reserve isn't til Q4.

[ark88]

Absolutely bang on. If we get anything that affirms a positive working relationship going forward, all the warrants and options will get exercised in a blink of an eye. Then, with $2+ million in the treasury, the landscape changes entirely. I know many are bullish here. I am SUPER BULLISH IF we get a working partnership agreement.

[Goldy63]

Agreed . Then the prospect of a cheap PP becomes moot  but while your irons are hot and sp is a beauty then its time to do a raise and I bet insiders and us retails pile on . . We all want the same thing here . To See the full potential of SNV and yup make some good coin. Cheers . 

[SMlachake]

Mjb, absolutely correct. This is the true position. We need clarity and only by proof of documentations. However, the image I am repeatedly drawing is that our position is not as weak as some here are championing. If our so called partners had their wish, they would have never called SNV to the table. They would have commenced production as they commenced work over. Somebody probably told them the

[copperplay]

and the MOU signed is the working relationship back on good footing.  Also we all feel much better at 7.5 cents then we did at 4.5 or 5 cents and why screaming for news as this could change quickly one direction or another

[SMlachake]

Exactly Copper. I never heard SGE board cahnged with Buddha, Christ, Mandela, Gadhi and Mother Teresa getting seats. If SGE had the cards that some hear claim they did, the meeting, (probably mettings), upto the 20th would have never taken place. This play, at these crude prices would be in full production and revenue going to them. But it is stuck, they came back to the table for that simple

[MJB4231]

Personally been here almost far to long myself with a Brinks truck of shares. I believe in our team who are all balls deep into our company incl family and friends. All of our directors have made bank on selling of their companies with tremendous success Marpe / Kirk / Wadsworth...Callaway I'm uncertain of regarding being part of a company sale but non the less a solid dude. We are in good

[ark88]

Over the years, I have rode pennies to multiple dollar stocks twice. Buying stock is easy. Knowing when to sell is difficult, very difficult in fact. The easiest of all scenarios is when the company gets bought. Then it's completely out of your hands. If you're happy with the buyout price, then all you have to do is just sit on your hands. They will literally take your shares in exchange

[MJB4231]

Sweet baby Jesus... Make it so

[ark88]

The most difficult situation arises when there is an offer of a buyout, but there's conflicting views on whether the price is right or not. To hold out for more or not. Incredibly difficult. MJB, what's your buyout price?

[MJB4231]

Above my pay grade but an individual on this board who works with numbers for a living and a very experienced investor has it currently pegged approx 4.00 - 8.00 sh depending on our new % of ownership and improved reserve numbers which could double that valuation. There is some serious talent on this board and many can't seem to read carefully and listen. Knowing this expert opinion and person

[ark88]

Well I had it at 3-5 on a buyout with increase in ownership but no increase in reserves. There you go, to hold or to sell. A problem with a grin. Mr. Kirk make it so!

[copperplay]

  ha ha what a loser Ark88 is he actually posts this garbage and probably owns 20,000 shares Snv  your posts are toilet paper dude 

[martindale]

no strat I don't, but that was a while ago so I would have to think it was brought up when they did the MOU, clairity on more than a few things would be nice. GLTA invested 

[Goldy63]

Copper . For somebody who claims to own more then 2 milloin shares  and a long what is your problem with the Debbie downer Bs posts?? . You sell and on the bid ? Wtf Bro ? You a bagholder and want more to average down ? I dont get it . ? Hey my friends are buying . As posted we  bought and TOOK 5,S , 5,5 , 6 . 6,5 And some 7,s today as WE BELIEVE in the Last NR and the info we see and

[copperplay]

Goldy63 you just proved again why you are the most hated guy on Stockhouse...why can't you ever just STFU and sit on the sidelines.  The group of us were have an educted discussion on what to expect next from Sonoro and to any readers this was not bashing or being a downer. Again limit your posts on this board to 2 per day and I will give you a pass this time

[ark88]

why are people forgetting the 33 mil warrants and 6 mil options priced at 0.06 and 0.07 expiring Dec 2022. All of which can bring in over 2.3 mil into the treasury. So what should management do first? Lots of smart talking people here.

[martindale]

I know I hadn't forgotten them as I was rereading some releases and on that note the best thing SNV could do is get some good news out asap to get those called, so in my opinion a ratified joa (unless the MOU is solid) and get the board filled so as to facilitate the increase in project ownership would be my first steps and follow it with the RR within days of that, jmo GLTA Invested im sure

[copperplay]

Agree Martin so why the delay?  Get this going and call them in and raise cash  This much time gone and nothing leads me to believe that is not what is happening next and rather what Stratcap said and settle debt somehow and current stock price is in play 

[martindale]

This much time gone and nothing leads me to believe that is not what is happening next Ok that made me twist my brain... but I think it’s a good thing right? 

[martindale]

I think I have crainail hernia now.. I hear Tequila fixes that... 

[copperplay]

  let's wait some more and Sonoro needs to press an update soon that will clear the air 

[Goldy63]

Um yah what updateswith fix sp ? Rum works . Beer for me bro recentky retired . Good for him . Worked his butt off all his life . Wants to not worry about the next $$$ . SNV . Is what it is . CATALYSTS . They coming . Night . Double shift tommorow . Cheers longs.

[IIIIIIIIIIIIIIl]

"double shift" coming from the stockhouses biggest loser and PUMP dumper..Pleast GFY kay?

[SMlachake]

I will take your word for it and say that you did, but you missed a few things, some of them below; 1. A new CEO came in last year specially to deal with Selat Panjang field. About a year latter, official reengagement. 2. That set the ball rolling towards a reserves report, which 6 weeks gone by since then, so due any time. 3. A new partner came on board. Normally investors don't join a group

[ark88]

Anything else I left????? yes. 

[Goldy63]

Yes more gaps to fill between your ears Ark . We know . Yes .

[Goldy63]

Well said . Would add the JOA and increased % . Yes Nat/Gas a beauty wild card to add to the huge oil reserves witch will also be heating homes this winter . Cheers.