Mr. Dean Callaway reports

SONORO ENERGY LTD. SECURES DRILLING RIG AND REGULATORY APPROVAL FOR ITS FIRST WELL

Sonoro Energy Ltd. has received the well licence from the Saskatchewan Minister of Energy and Resources to commence drilling on the first Saskatchewan drilling location, which will be a vertical well as originally planned. Sonoro has secured a drilling rig and services for this well, with an intended spud date of Nov. 22, 2023.

The vertical well is targeting the Waseca formation that lies in the same channel that offset's Baytex's Kerrobert field that is producing over 1,800 bbl/d (barrels per day) and specifically offsets three Baytex wells that have produced over 252,000 barrels of oil.

A second well location has been selected and will be developed with a multilateral well, to be drilled immediately after the vertical well. The well will utilize the same drilling rig to minimize mobilization costs and time. The multilateral horizontal well is engineered to have approximately 2,000 metres of lateral extensions from four horizontal legs, utilizing drilling technology advancements allowing for multiple lined and open-hole sections. Other heavy oil operators have seen increases in initial production rates from multiple open hole laterals of up to 100 per cent to 300 per cent. Both wells are planned to be completed and equipped for production following the release of the drilling rig, with the anticipation of first oil sales before the end of the year.

With the successful application of deploying these technologically advanced drilling techniques and tools, Sonoro plans to extend the technology to the next multilateral wells on the farm-in agreement lands, and leverage this capability to its continuing pursuits of opportunities in North Africa and the Middle East.

We seek Safe Harbor.