09:30:12 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Sonoro Energy Ltd (4)
Symbol SNV
Shares Issued 187,834,077
Close 2023-11-15 C$ 0.215
Market Cap C$ 40,384,327
Recent Sedar Documents

Sonoro Energy starts drilling first well in Sask.

2023-11-16 10:59 ET - News Release

Mr. Richard Wadsworth reports

SONORO ENERGY LTD. COMMENCES DRILLING FIRST WELL

Sonoro Energy Ltd. has commenced drilling the 11-30-32-23W3 well in Kerrobert, Sask.

The vertical development well is currently being drilled to a planned total depth of approximately 900 metres. The well is targeting the Wascana channel sand, which has been extensively delineated in this area.

This is the same channel sand in which lies Baytex's Kerrobert field that is producing over 1,800 barrels per day and directly offsets three Baytex wells that have produced over 252,000 barrels of oil.

The well presents a low-risk stepout location that can be immediately brought into production. Completion operations are expected to commence immediately after rig release with subsequent oil sales occurring shortly afterward.

Sonoro is also in the process of preparing the second location, which would represent its first multileg horizontal well and expects to license this well once surface land is acquired.

The company will make further announcements as appropriate.

Richard Wadsworth, chief executive officer, commented: "Commencement of drilling signifies an early milestone in Sonoro's strategy to establish cash flow for the company in a demonstrated low-cost region in Saskatchewan. Our objective is to drill a subsequent multilateral horizontal well shortly thereafter applying new technology and further proving our capabilities to improve productivity and reserves with the potential to then leverage this to opportunities being reviewed in the Mena region."

We seek Safe Harbor.

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