Sonoro Energy Ltd. V.SNV

New Press Release - Sonoro Energy Announces Financing and Provides Update on WCSB Farm-In

(TheNewswire)Calgary, Alberta –TheNewswire – August 25, 2023 - Sonoro Energy Ltd. (“Sonoro” or the “Company”) (TSXV:SNV.H) announces its intention to complete a non-brokered private placement common share/warrant unit financing to support ongoing activities relating to its previously announced...read article.

[copperplay]

tic tok now until this explodes financing set to close next week and me thinks these new shareholders will want to push this up and up!! Good luck

[MehmetPasha]

Promote... promote ... promote 

[MehmetPasha]

And now a bit of maths they have 300-400k left , they have 2 million off the back of this financing , warrants come in above 10'cents circa 1.5 million dollars and now the additional warrants at 12 cents circa 1 million. It costs 500-550 k to spud a well... we will therefore be able to have 9 wells in production come year end / first quarter 2024. Basis the free cashflow that comes from that

[thorgb1]

Let's explore this a bit.... With 9 wells: 1350 bboe/d (conservative based on per well $'s numbers provided in previous PR) $80 oil Gross Monthly Rev: $3,240,000 Gross Annual Rev: $38,888,000 70% Monthly Rev: $2,268,000 70% Annual Rev: $27,221,600 With 27 wells: 4050 bboe/d $80 oil Gross Monthly Rev: $6,804,000 Gross Annual Rev: $116,640,000 70% Monthly Rev: $2,268,000 70