Sonoro Energy Ltd. is pleased to announces that it has received approval from the TSX Venture Exchange for the previously announced amendment of the terms of the common share purchase warrants issued by the Corporation in connection with a non-brokered Private Placement of the Corporation that closed on April 27, 2017 and May 19, 2017 respectively. The Warrants have been amended as follows: The exercise price of the [...]
Closing of Non- Brokered Private Placement, Warrant Amendments and Project Update Calgary, Alberta - Sonoro Energy Ltd. is pleased to announces the closing of its non-brokered private placement for total gross proceeds of $312,000 further to its February 25th, 2019 news release announcing the financing. The Company will issue 10,400,000 Units at a price of $0.03 per Unit, where each Unit consists of one common share of [...]
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 $0.03 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 $0.05 per Common Share. The financing will be issued [...]
Sonoro Energy Ltd. announces that the Joint Cooperation with an affiliate of one of the largest private companies in Indonesia, submitted a bid for the Selat Panjang production block in the conventional Oil and Gas 2nd Bidding round on October 12, 2018. Local news reports have indicated that the Indonesian Ministry of Energy and Mineral Resources, will retender the block within the next two weeks. The Joint Cooperation [...]
Sonoro Energy Ltd. has entered into a Strategic Alliance Memorandum of Understanding with one of Indonesia's largest companies to develop oil and gas activities in Indonesia as joint partners . This strategic relationship is focused on the pursuit of activities related to the Budong-Budong project in West Sulawesi, Indonesia and also includes other conventional oil and gas opportunities in Sumatra, Indonesia. The [...]
Sonoro Energy is pleased to announce that in partnership with Blox Labs Phase 1 development continues to progress on "PetroBLOX", a Blockchain-based smart contract supply chain management platform for the global oil and gas industry. After analyzing various pain-points and bottlenecks facing oil and gas operators, it has been determined that specific focus within Phase 1 development of PetroBLOX will be centered around [...]
Sonoro Energy announces that the Ministry of Energy in Indonesia has declined its second request for an extension of the Budong Budong Production Sharing Contract in Sulawesi, Indonesia. Both requests for extension had been supported by SKKMIGAS, the energy regulator whom advises the Ministry of Energy in Indonesia, and positive indication for granting such extension had been conveyed to Sonoro by SKKMIGAS on the requests [...]
Sonoro Energy is pleased to announce that, in partnership with Blox Labs, BLOX has commenced development of "PetroBLOX", a Blockchain-based smart contract supply chain management platform for the global oil and gas industry. Through the utilization of best in class smart contracts and decentralized application technologies, PetroBLOX will aim to enable and enhance workflow, maximize project management efficiency, and [...]
Sonoro Energy hereby announces, that it has been in discussions with the Indonesian Ministry of Energy and SKKMIGAS, the government energy regulator, to obtain the extension to the Budong Budong License which was unexpectedly terminated in February 2018 after the Company had fully fulfilled its commitments. Through these discussions, the Company has now formally submitted a new request to SKKMIGAS to seek a further [...]
Sonoro Energy is pleased to announce the closing of a non-brokered private placement for total gross proceeds of $1,451,602,.The Company sold 29,032,039 units at a price of $0.05 per Unit where each Unit consists of one common share of the Company 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 [...]
Sonoro Energy announces that it intends to raise up to CAD$1,750,000 by way of a non-brokered private placement of units, where a unit consists of one common share of the Company and one common share purchase warrant of the Company. On March 14, 2018, the Company filed a price reservation form with the TSX Venture Exchange to price protect the placement of up to 35,000,000 units at a price of $0.05 per Unit. Each Warrant [...]
Sonoro Energy announces that it has cancelled its previously announced non-brokered private placement. The financing has been cancelled due to the unexpected non-renewal of the Company's production sharing contract at Budong Budong in West Suliwesi, Indonesia. The Company has no further updates to provide on the Budong Budong project from that released on March 12, 2018 except that the Company will be meeting with [...]
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