14:44:22 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Sonoro Energy Ltd (4)
Symbol SNV
Shares Issued 194,967,409
Close 2023-12-11 C$ 0.16
Market Cap C$ 31,194,785
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Sonoro Energy spuds Saskatchewan well

2023-12-12 11:58 ET - News Release

Mr. Dean Callaway reports

SONORO ENERGY SPUDS MULTILATERAL HORIZONTAL IN SASKATCHEWAN AND ACCELERATES WARRANTS

Sonoro Energy Ltd. has spudded the 14-29-32-23 well near Kerrobert, Sask. The well is planned as a multilateral well to be drilled on a structural high, targeting Waseca sands and extending up to 700 metres (m) from the intermediate casing point. Sonoro is deploying Rig 184SS, a super single rig operated by Precision Drilling. The well is intended to reach targets within two weeks.

Sonoro also announces that it is accelerating the expiry date of all outstanding common share purchase warrants related to its May 25, 2023, private placement. The warrant conversion may be accelerated by the company if the shares equal or exceed 10 cents per share for 10 trading days. This requirement has been met and the company will accelerate the warrants as at Dec. 12, 2023. Holders of these five-cent warrants must exercise within 20 days or by Jan. 2, 2024. All warrants are fully transferable and warrant holders will be advised through e-mail of the acceleration. As of December 12, 2023, 26,319,999 warrants are outstanding.

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