22:11:12 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Sonoro Energy Ltd (4)
Symbol SNV
Shares Issued 157,000,000
Close 2023-07-27 C$ 0.07
Market Cap C$ 10,990,000
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Sonoro Energy to drill first farm-in well in Sask.

2023-07-28 09:57 ET - News Release

An anonymous director reports

SONORO ENERGY PROVIDES UPDATE ON SASKATCHEWAN FARM-IN

Sonoro Energy Ltd. has provided an update to shareholders on progress relating to the previously announced Western Canadian sedimentary basin (WCSB) farm-in agreement.

Sonoro has provided notice to its farmee partner that it has elected to drill the first well under the farm-in letter agreement in Saskatchewan. Such election notice satisfies the election date provisions within the farm-in agreement.

Sonoro's newly created Canadian subsidiary, Sonoro Energy Canada Ltd., has been approved by the Saskatchewan Ministry of Energy and Resources (MER) to conduct operations in the province of Saskatchewan. In addition to this approval, Sonoro has also finalized the selection of its first three drilling locations (of the initial five-well commitment and carry) and has secured the services to survey, acquire surface access and obtain drilling permit for the first well location. Sonoro has also secured the necessary services required to proceed in the contracting of drilling and completion services for the well with an expected spud date in later half of September, 2023, which will satisfy the Sept. 30, 2023, spud date commitment of its first well.

Sonoro will provide further updates as it progresses its drilling program.

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