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Bullboard - Stock Discussion Forum Sonoro Energy Ltd. V.SNV

Alternate Symbol(s):  SNVFF

Sonoro Energy Ltd. is a Canada-based oil and gas company. The Company is focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region. The Company has drilled two wells in Saskatchewan. The Well 11-30-32-23 W3 was a vertical well and the Well 14-29-32-23 W3 was a Waseca formation multi-lateral horizontal well with four horizontal... see more

TSXV:SNV - Post Discussion

View:
Post by ark88 on Jul 29, 2023 8:22am

Status

1. The latest news is penned by "Anonymous Director". where's the Chairman????? IMHO, more deals to come.

2. Wadsworth states in the June 21 PR that the Farm-In Agreement has been "completed", not executed as in previous news.

3. May 1 financing announcement includes 33 million warrants at $0.05. There's your $1.66 million needed for the Agreement, hence the first well drilling announcement. They become free trading September 2nd. 
This may explain why no news of financing and hence no news of closing of the Agreement.
Anticipate more news around this date to ensure warrant exercise.

4. TSXV uplisting is a done deal. Application already made and Geo report satisfactorily accepted by the exchange. Only 2 things now required, closing of financing and Agreement. Fait de complis.
Comment by MJB4231 on Jul 29, 2023 9:32am
Once again hoping for a solid clear NR Monday July 31 deadline. Things all so positive 
Comment by copperplay on Jul 29, 2023 10:35am
Yes excellent points if they can close the farm in and do a small raise but count the warrants as money to come this stock will rock With the drilling of first well and a reserve report will allow Sonoro to call in all warrants in my opinion as stock will reach 20 cents and this will bring in $2 million dollars by September enough to get by and raise more at 40-50 cents range with next project ...more  
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