23:26:46 EDT Mon 30 Jun 2025
Enter Symbol
or Name
USA
CA



Sonoro Energy Ltd (4)
Symbol SNV
Shares Issued 226,609,935
Close 2024-10-29 C$ 0.07
Market Cap C$ 15,862,695
Recent Sedar Documents

Sonoro Energy signs farm-in deal with Badlands

2024-10-30 15:35 ET - News Release

Mr. Dean Callaway reports

SONORO ENERGY ENTERS INTO FARM-IN AGREEMENT IN ALBERTA AND PROVIDES MENA UPDATE

Sonoro Energy Ltd. has entered into a farm-in agreement with Badlands Resources Ltd. to explore for oil in southern Alberta.

Through this agreement, Sonoro will earn a 100-per-cent working interest in a 2,240-acre land package by drilling an exploratory well. The acquired acreage encompasses several promising geological structures that have been carefully identified and mapped with high-resolution 3-D (three-dimensional) seismic data. These targeted formations lie at an approximate depth of 1,300 metres and are known to produce high-quality oil in the region. Notably, the area has limited exploration activity, enhancing the potential for new discoveries.

In the event of a successful discovery, Sonoro plans to strategically expand its land holdings to include additional nearby anomalies with similar geological profiles. This expansion would allow the company to further leverage the derisked nature of these prospects, optimizing the prospect inventory and potentially enhancing production volumes across a larger land base. This agreement represents a significant step for Sonoro in its efforts to strengthen its asset portfolio and capitalize on untapped resources within Alberta's oil-rich landscapes.

Sonoro will be providing an update regarding its specific activity in the Middle East North Africa (MENA) region shortly. The company has progressed its development activities in Iraq and Libya and will update shareholders accordingly.

Sonoro's well in Saskatchewan continues to generate oil and provide production for the company. The company is considering various alternatives for the operations in Saskatchewan.

We seek Safe Harbor.

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