16:58:14 EDT Sun 21 Apr 2024
Enter Symbol
or Name
USA
CA



Sonoro Energy Ltd (4)
Symbol SNV
Shares Issued 223,334,075
Close 2024-02-05 C$ 0.13
Market Cap C$ 29,033,430
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Sonoro orders service rig for cleanup at W3 well

2024-02-05 17:59 ET - News Release

Mr. Dean Callaway reports

SONORO ENERGY LTD. PROVIDES UPDATE ON SASKATCHEWAN OPERATIONS AND DEVELOPMENT OPPORTUNITIES IN MENA.

Sonoro Energy Ltd. has provided an update on the recently completed initialized production of the 14-29-32-23 W3 well in the WCSB (Western Canadian sedimentary basin). Since commencement of production, the well has exhibited CHOPs, cold heavy oil production with sand, producing foamy oil with greater than 10-per-cent sand cuts and high initial gas pressures. The oil density was tested as 10.33 API and viscosity at 30 degrees of 12,596 which further confirms a positive window for oil sand production and wormhole creation from the slotted liners. Upon completing the well in January, Saskatchewan encountered extreme cold weather conditions (reaching negative 55 degrees at the well site) which created a back log of flushby's and coil services work that the well required to manage sand production. On several occasions the issue was rectified but without quick response services this eventually resulted in an expected blown drain and the well requiring a service rig. Sonoro's expectation for optimal productivity of this well remains unchanged once the sand cuts reduce, wormholes have been created and the well has cleaned up.

The company has ordered a service rig for required clean-up operations. This operation has been slightly delayed due to the backup of rig availability as a result of warm weather that created short-term road bans/closures in Saskatchewan. Sonoro expects that the well will be serviced and placed back on production within the next week. In addition, Sonoro is making additional improvements with a recycle injection string to ensure continuous flow and velocity to produce oil and sand to surface in an optimum manner.

Sonoro will continue to evaluate this well as it is produced and make design changes to the next multilateral well to further optimize the drilling and completion of the next well. A joint technical committee has been formed with the Farmor to commence planning and for the coordinated exploitation of the farm-in land base for the next multilateral lined horizontal well.

In matters regarding the company's previously stated evaluation of opportunities in in the Middle East and North Africa region, the company has continued meetings in the region and is in discussions with various parties to advance these select opportunities with no guarantees that these will or will not be concluded.

We seek Safe Harbor.

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