Sonoro Energy Ltd. V.SNV

NR Highlights

[SlyFox1]

Yesterdays NR was what we all wanted and should send the SP up towards highs again imo. 

two main takeaways for me is the multilateral horizontal appoarch that will be taken givin high yields, better reserves and longer well lifez secongd is the end of the NR. Richard states SNV is entering a stage of transformation. Last time he used the word transformation was in reference to the pursuit of transformational opportunities in MENA. Is this foreshadowing of what's next to come

[MJB4231]

When your company CEO keeps tossing the word "TRANSFORMATIONAL" around you have to know something massive is in the pipeline works. This exec team have all been on big companies and projects and I have not read anything with the word "TRANSFORMATIONAL" in it previously 

[ark88]

I just don't share the excitement that you have for the latest NR. More questions than answers for me. We still have the first well as a Vertical and not horizontal. Why by end of November if the rig is available? Why 60 days when they previously stated within 2 weeks to spud the second well? What are the amended conditions? This NR as welcomed as it is screams another more detailed NR to come

[copperplay]

Sonoro killed our momentum back in late July and stock at 30 cents so hopefully they have a plan to promote this story and get excitement here again  stock can explode on any large buy volume 

[ark88]

This is another classic example of somewhat meaningless news releases for itchy finger shareholders who demand updates no matter the circumstance. Here are just a few questions that this NR raises: - If they don't mention the previously stated 70/30% working relationship, Doe sthis mean that it's going to be less for us? - Now, they mention for the first time the 72% of the lands for

[thorgb1]

Ark, not sure what your issue is with the news. The 2 key points: 1. The land package is smaller.....I guess they wanted some land back for their hydrogen gen purposes.  2. They wanted a say in how the drilling is done.....my guess here is that by forcing everything to horizontal, we will need to drill less holes for the same production. Proton was on the hook for 30% of costs beyond 5 wells

[Lovethegains]

Clarification was never an SNV strong point. Now it is. If we didn't get this NR we'd be at .11 imo

[ark88]

I agree

[ark88]

We need the mojo back. If we can at least get the drilling license in 2 weeks, mid November, then we may be back on the radar and then will chalk up this poorly written NR to our new CEO who is very busy lining up our next opportunity. Regardless, SNV really needs to have at least 2 projects on the go at the same time.

[copperplay]

  stay tuned 

[ark88]

Management credibility is everything.  If the terms of the deal have been impacted, fine then state the facts. Every news release is a test of credibility for the market/investors. If you begin a new venture and provide all the details showing how tranformative it is, then be consistent with all the follow up releases. As soon as you change the language or omit key indicators, the market

[copperplay]

  they must be close to another project