Sonoro Energy Ltd. has been advised by SKKMIGAS, the energy regulatory in Indonesia, that it has not renewed the Company's Production Sharing Contract for the Budong Budong PSC in West Suliwesi, Indonesia. The Company has contacted SKKMIGAS to seek immediate clarification of the situation as the Company had been given verbal assurance that the extension was forthcoming and there is no explanation or rationale provided in [...]
Sonoro Energy is pleased to announce the closing of a first tranche of the non-brokered private placement for total gross proceeds of $1,764,602, further to its February 21, 2018 private placement offering news release. Pursuant to the First Tranche, the Company sold 17,646,020 units at a price of $0.10 per Unit where each Unit consists of one common share of the Company and one half of one common share purchase warrant [...]
Sonoro Energy announces that as part of its non-brokered private placement previously announced on February 21, 2018, an officer and director of the Company has arranged for the sale of 4,000,000 common shares of the Insider's personal holdings at a price in context with the market through the facilities of the TSX Venture Exchange. The Insider intends to use 100% of the proceeds from the Swap to participate in the [...]
Sonoro Energy announces that due to market conditions, it has amended the terms to its Private Placement previously announced on January 26, 2018. The Company intends to raise up to $5,000,000 by way of a non-brokered private placement of units, where a unit consists of one common share of the Company and one half of one common share purchase warrant of the Company. The Unit will be priced at $0.10 per share which [...]
Sonoro Energy announces that it intends to raise up to $4,500,000 by way of a non-brokered private placement of units, where a unit consists of one common share of the Company and one half of one common share purchase warrant of the Company. The Unit will be priced at $0.13 per share which represents a 23.5% discount from the closing price on January 24, 5018. Each whole Warrant entitles the holder to purchase one Common [...]
Sonoro Energy is pleased to announce that following the LG-1 Updip well being cased and cemented, the Company fully demobilized the drilling rig and associated equipment and services. The Company is now undertaking further well analysis of the well results in line with standard industry practices. The preliminary conclusions are as follows: - The four way dip closure of the LG structure is sealed by a claystone/shale [...]
Sonoro Energy wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. Sonoro is an international oil and gas resource exploration and development company with a focus on Southeast Asia and its onshore Budong Budong production sharing contract in Sulawesi Indonesia. Neither TSX Venture Exchange nor its [...]
Sonoro Energy Ltd. has cased its LG-1 Up-dip well in West Sulawesi, Indonesia with 4.5" casing and cemented it in place to a depth of 546 metres KB , following conventional coring, logging and open-hole drill stem testing . This is to allow for evaluations and production testing of several prospective hydrocarbon-bearing zones. Preliminary interpretation and calibration of the drilling, conventional cores and wireline [...]
Sonoro Energy Ltd. having commenced on the Budong Budong Production Sharing Contract in West Sulawesi, Indonesia. Following successful logging of the open hole section from 297m to 549mKB, the Company has identified prospective oil and gas zones for further Testing to determine indicative potential flow rates and reservoir conditions. The Testing intervals have been further approved by SKKMIGAS, the Indonesian government [...]
Sonoro Energy, hereby provides an update to drilling operations at its LG-1 Up-dip well on the Budong Budong Production Sharing Contract in West Sulawesi, Indonesia. Coring operations retrieved 27.4 meters of core from depths of 296.0m to 326.9m (90% core recovery). Operations were subsequently switched over to conventional drilling on Saturday, Nov. 4, and proceeded to a total depth of 549m. Logging operations are now [...]
Sonoro Energy and its wholly owned subsidiary Stockbridge Budong Budong B.V. are pleased to announce that, following oil and gas shows and gas kick to surface from 297 meters, as previously reported, the LG-1 Up-dip well has been successfully controlled, cased, cemented and logged to 297m--with coring drilling operations now commencing from 297 to 500m to the target sands. The Company is also pleased to announce that it [...]
Sonoro Energy, is pleased to announce that drilling operations at its LG-1 Up-dip wellsite in West Sulawesi, Indonesia have advanced to a depth of 297 meters, where a gas kick to surface occurred as the drill string was pulled out of the hole. While drilling through the upper hole section on Sunday, Oct. 22, personnel from Sonoro's drilling contractor PT Advanced Services Indonesia ("ASI") encountered hydrocarbons in the [...]
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