Sonoro Energy Ltd. V.SNV

Destination IRAQ?

[FabiusCunctator]

Sara Akkbar said this in an interview:

 

Kuwait Energy was the flag bearer for encouraging Kuwaiti companies to invest in Iraq, as we believe that the private sector plays a big role in developing economic relationships to create partnerships with our neighbours. Owing to the history between Kuwait and Iraq, we know this will take time, which is why we went to Iraq in 2006. Nonetheless, the benefits are clear: Iraq has excess gas and Kuwait needs extra gas, so developing this relationship is mutually beneficial. In fact, we have already secured two gas fields for Kuwait. The next challenge for us is how to bring that gas to Kuwait.

Is this the destination for SNV?  Seems possible. Iraq has huge petroleum resources and potenital -  but is far from the friendliest country.  If this is the case then the project could be immense.

[FabiusCunctator]

Looking at the posts on this board there are clearly rumours about expansion of company activities.  Given the calibre of the board this has to be huge and SNV only has a $10 million Market cap!  The upside is pretty impressive. The market needs more news  - Management!  Even if its just an update on the financing and drilling operational planning