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

Alternate Symbol(s): SNVFF

Energy Oil & Gas E&P

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

Add To Watchlist

TSXV:SNV - Post Discussion

Sonoro Energy Ltd. > Waseca formation holds heavy oil

View:

Post by StratCap on Oct 23, 2023 3:05pm

Waseca formation holds heavy oil

Oil drillers have applied for 81 licences to drill into the so-called Waseca formation so far this year, 30 more than in all of 2022. That’s the biggest increase in any oil and gas formation in the province this year, according to regulatory data.

https://financialpost.com/commodities/energy/oil-gas/alberta-oil-play-draws-drillers-greener-crude/wcm/58eb3e88-4e84-4b0b-ba24-53ef9ab99430/amp/

251

Comment

Comment by ark88 on Oct 23, 2023 3:09pm

Interesting. Hope we can get our straws into the ground before eveyone else sucks it dry??? Seriously though, Proton Techs business is based on exploiting depleted wells. We on the otherhand are drilling new wells. Is this atypical or is there more to the story.

135

Comment