08:23:02 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Sonoro Energy Ltd (4)
Symbol SNV
Shares Issued 195,117,409
Close 2023-12-20 C$ 0.175
Market Cap C$ 34,145,547
Recent Sedar Documents

Sonoro Energy completes four legs at Waseca well

2023-12-21 12:44 ET - News Release

Mr. Richard Wadsworth reports

SONORO ENERGY LTD. PROVIDES DRILLING UPDATE WITH COMPLETION OF FOUR MULTI-LATERAL HORIZONTAL LEGS WITH APPROXIMATELY 1,600 METERS OF HORIZONTAL SECTION

Sonoro Energy Ltd. has provided an update for the drilling of the 14-29-32-23 W3 well in Saskatchewan, whereby it has finished the drilling portion of its first Waseca multilateral horizontal well with four horizontal legs for a total lateral length of approximately 1,600 metres. The Waseca formation was encountered structurally as expected and during the drilling of the four lateral sections, each lateral encountered clean sands with strong oil shows at surface and in abundance on the chip samples recovered.

The first of two slotted liners has been successfully set. A second liner is expected to be run in the next 24 hours demonstrating a new technology to place multiple slotted liners into two separate legs of a multilateral horizontal well. The ability to hang slotted liners into multiple horizontal legs within one well can provide the ability to achieve step rate increases in production rate and recoverable reserves.

Sonoro anticipates the rig release of this horizontal well on December 22, 2023 and has initiated the planning for completing, procuring, and equipping this horizontal well. It is anticipated that with the holidays and lead time for equipment and a completion rig, the well will be brought on production in the second half of January with oil sales to occur shortly thereafter.

Sonoro is simultaneously in the process of planning to drill it's next multilateral horizontal well with the inclusion of multiple lined horizontal and lined sections into its design plan.

Sonoro's CEO Richard Wadsworth comments, "We are very pleased with the results of Sonoro's first multi-lateral horizontal well and our ability to achieve this milestone along with the strong oil shows seen in each lateral. We are enthusiastic to have this well placed on production to see an expected higher well productivity resulting from this reservoir, multilateral well strategy and technology."

The Company will provide a full update of the well results subsequent to rig release.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.