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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

Sonoro Energy Ltd. > MY ESTIMATED SNV TIMELINE
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Post by Mog7546 on Mar 05, 2024 8:21am

MY ESTIMATED SNV TIMELINE

I estimate it will take the whole year (2024) to drill and optimize 3 to 4 operational horizontal wells. 

Short term, I expect no price movement in price until well 2 is producing at a higher capacity... could take another couple of months; then we should see .20 per share with upward movement.

Longer term, I'd like to see $1.00 per share by December.

How do you see the timeline.
Comment by BlackBeard357 on Mar 05, 2024 8:41am
It's still hard to predict for me. When you look at more developed companies hovering around $4 mark, they are fully embedded in the field and bpd count is massive. They now have the capital to drill into oil pockets like mosquitoes and maintain  Sonoro has drilled 2 wells, 1 of which is producing but not at full rate. Is that really worth $0.12? We are in the early stages of something ...more  
Comment by Mog7546 on Mar 06, 2024 8:03am
I'd love $4.00 a share too, the faster the better.  I would become a millionaire at that price.
Comment by Jimmy1page on Mar 05, 2024 1:51pm
ATH was slow but is a much better company. I bought 100k shares at 2 bucks
Comment by thorgb1 on Mar 05, 2024 2:07pm
There is no comparision at this point between ATH and SNV as companies. ATH has tens of thousands of barrels a day prod, we are still largely an "explorer". "If" (big big big big big big big big big big big big big if) they can execute on their strategy of low risk development and restarting brown fields, there is no reason we can't see 10-20X from here. High risk, high ...more  
Comment by Bigtroft on Mar 05, 2024 2:12pm
This post has been removed in accordance with Community Policy
Comment by BlackBeard357 on Mar 05, 2024 3:11pm
You never know who you meet on these forums
Comment by SlyFox1 on Mar 05, 2024 3:31pm
So true BlackBear. Wouldn't be surprised if there are multiple people on this board who have 100k+ worth of SNV stock at this point. 
Comment by Mog7546 on Mar 06, 2024 8:08am
I have 236K of SNV with a average price of .16.  I wish I had started investing here earlier (at a lower price).
Comment by Tactical316 on Mar 05, 2024 9:07pm
Wow that is impressive Jimmy. Would you like a hero biscuit? 
Comment by Jimmy1page on Mar 06, 2024 3:14pm
Nah the 250k I've made so far will suffice. 
Comment by SlyFox1 on Mar 06, 2024 3:42pm
Just need some buying. Thin on the ask side so can move very quickly 
Comment by Mog7546 on Mar 08, 2024 9:47pm
I am sticking to my prediction: "Short term, I expect no price movement in price until well 2 is producing at a higher capacity... could take another couple of months" Should start going up to .20 by mid-May... until then, no interest 
Comment by MJB4231 on Mar 08, 2024 10:00pm
That's fine and I understand the science taking time to ramp up production but we can't be a single well company and expect SP increase. The management team boasted about a Mena project for approx 6-8 months or more and not a single peep as to what it is. Delay to well 3 & 4 was explained and justified due to mother nature and common in the industry. Guess all we have for the next few ...more  
Comment by Mog7546 on Mar 09, 2024 7:53am
I think their timeline was overly optimistic and probably unrealistic.  Everything takes time.  That's why I sticking to my .20 per share value by mid-May.  They probably got distracted with their MENA plans too.  Let's get 5 operational wells within the next year first.
Comment by Tekeela1 on Mar 11, 2024 11:14am
I know these guys at Sonoro have mentioned MENA, I'm not sure why they would get an opportunity in the Middle East or North Africa!  So many more companies that would have more money to take on such an opportunity!
Comment by Jimmy1page on Mar 11, 2024 11:20am
Wishful thinking 
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