Sonoro Energy Ltd. provides the following corporate updates. The Company has filed an application with the TSX Venture Exchange to amend the expiry date of 21,059,326 common share $0.10 purchase warrants issued by the Corporation in connection with a non-brokered Private Placement of the Corporation that closed on March 26, 2018. The exercise period is being extended to December 31, 2022 and the exercise price is being [...]
Sonoro Energy Ltd. provides the following corporate update to shareholders. PT Sumatra Global Energi, Sonoro's joint venture partner of the Selat Panjang Production Sharing Contract has advised Sonoro, via Asiavest Trust, Sonoro's Trustee representative company in Singapore, that Sonoro is in default of the Convertible Debenture and Loan for approximately $1.6 million and $300,000 respectively and that SGE requests [...]
Sonoro Energy Ltd. provides the following corporate update to shareholders. Over the past two quarters of 2021, activity on and at the Selat Panjang Production Sharing Contract has been hampered by Covid lockdowns in Indonesia and lack of activity by Sonoro's joint venture partner and Operator, PT Sumatra Global Energi. SGE has failed to respond to repeated requests for engagement on a range of commercial and operational [...]
Sonoro Energy Ltd. announces that it has completed the previously announced non-brokered private placement of common share/warrant unit financing to support ongoing activities in Indonesia. Sonoro will issue 7,000,000 units for total proceeds of $350,000 Each unit consists of one $0.05 common share and one common share purchase warrant of the Company, where each whole Warrant entitles the holder to purchase one Common [...]
Sonoro Energy Ltd. announces its intention to complete a non-brokered private placement common share/warrant unit financing to support ongoing activities in Indonesia. Each unit consists of one $0.05 common share and one common share purchase warrant of the Company, where each whole Warrant entitles the holder to purchase one Common Share within two years at a price of $0.10 per Common Share. Sonoro intends to use the [...]
Sonoro Energy Ltd. provides the following corporate updates. The Board of Directors of Sonoro announce the following changes to the management structure and Board of Directors. Mr. Chris Atkinson will be stepping down effective immediately from the Board of Directors and his role as Interim Chief Executive Officer and President. Mr. David Kirk will assume the position of Chief Executive Officer and President of the [...]
Sonoro Energy Ltd. provides the following corporate updates. Selat Panjang Indonesia Sonoro has been working with RISC Advisory to generate a 51-101 complaint reserve report as previously announced. Having delivered all of the PSC data to RISC it has become evident that to maximize the value of the asset and to give shareholders the most realistic understanding of the potential, additional work is required prior to the [...]
Sonoro Energy Ltd. announces that 5,147,921 7.5 cent warrants were exercised for gross proceeds of $386,094 under the incentive warrant exercise program announced on September 7, 2020. The program was open for one month to holders of the 10 cent warrants previously issued by the Corporation. All warrants not exercised will revert back to the original terms and conditions of the 10 cent warrants. In addition to the [...]
Sonoro Energy Ltd. , has implemented a warrant exercise incentive program designed to encourage the early exercise of up to 26,207,247 of its outstanding unlisted warrants exercisable for common shares of the company. The warrants are currently exercisable at a price of $0.10 per common share until December 30, 2020. The warrants will be repriced by the Corporation to $0.075 per common share for a period of four weeks [...]
Sonoro Energy Ltd. , and its wholly owned subsidiary company Zamatra Bakau Straits Ltd, is pleased to update shareholders on the operations in Indonesia at the Selat Panjang Production Sharing Contract in Sumatra, Indonesia. Sonoro has engaged RISC Advisory, an independent oil and gas consultancy firm with global operations and specific expertise in South-East Asia, to complete a NI-51-101 compliant reserve assessment and [...]
Sonoro Energy Ltd. announces that the Corporation will be relying on the temporary 45-day extension to the filing deadline of its interim financial statements, management's discussion and analysis and the certifications of the Financial Statements for the three months ended March 31, 2020 granted by the Alberta Securities Commission in response to Covid-19. The notice released states that securities regulators will be [...]
Sonoro Energy Ltd. announces that the Corporation will be relying on the temporary 45 day extension to the filing deadline of its annual financial statements and management's discussion and analysis" MD&A" for the year ended December 31, 2019 granted by the Alberta Securities Commission in response to Covid-19. The notice released states that securities regulators will be providing coordinated relief consisting of a [...]
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