Mr. Dean Callaway reports
SONORO ENERGY LTD. RESPONDS TO PROPOSED PROPERTY DIVESTITURE
Sonoro Energy Ltd. is aware of the proposed sale by its farm-in partner Superb Operating Company Ltd. of certain oil interests located in Saskatchewan.
Further to its news release dated Oct. 30, 2023, the company and Superb are parties to a farm-in agreement, as reinstated and amended, pursuant to which Sonoro has earned and may continue to earn a 70-per-cent interest in certain properties located within Saskatchewan's Western Canadian sedimentary basin.
Sonoro is in the process of assessing the proposed divestiture and will pursue continued compliance with the terms of the agreement. The company will provide updates as and when warranted.
We seek Safe Harbor.
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