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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. > Back on track?
View:
Post by Scotty73 on Jun 05, 2024 9:21am

Back on track?

Reading between the lines, good ridence to the their partners in Sask. MENA is looking more probable than possible. Having the capability to nail down a business opportunity in MENA should not be underestimated - things are looking considerably brighter IMHO. Time will tell.
Comment by Tekeela1 on Jun 05, 2024 10:20am
Hey Scotty! I'm still not sure why anything in MENA would want this company running or involved in anything over there.  No cash and can't even get something going in a proven area in Saskatchewan. All the pumping and it's still going nowhere!
Comment by thorgb1 on Jun 05, 2024 10:28am
Bank Of Canada cuts interest rates by 25 basis points, should be just the start of several this year. Should be great for the juniors market 2H 24. Hopefully this streaming pile of  Wadsworth can rise with the tide.
Comment by ark88 on Jun 05, 2024 12:17pm
The sp can't go over $0.12 until the deal is finalized.
Comment by SlyFox1 on Jun 05, 2024 12:31pm
How do you know this? I would suspect that it can as can any other placement or issuance once aannounced. The real reason SP isn't moving is due to investors having Deja Vu over an MOU like in Indo.  Though this case i suspect it to have a very different ending 
Comment by ark88 on Jun 05, 2024 12:42pm
That's just how it works. The deal is priced at 12 cents and they will keep it under until it closes.
Comment by copperplay on Jun 05, 2024 12:51pm
How long does exchange take?  Maybe tomorrow 
Comment by copperplay on Jun 05, 2024 2:44pm
  agree Sly pretty sure once price is announced which it is at 12 cents price can trade above this  the market clearly not impressed so back to my original point is who ever these new shareholders are once they own SNV stock need to promote it better than Sonoro does 
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