Sonoro Energy is focused on revisiting the shallow success of oil
exploration in Indonesia’s West Sulawesi province.
-One of the world’s fastest developing economies
- Demand for energy is outstripping supply
- Oil and gas fiscal regime is very well established
- Proven and mature oil and gas basins
- Indonesian government is seeking to attract more investment into energy sector
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.
Budong Budong Production Sharing Contract (PSC)
The Budong Budong Production Sharing Contract ("BB PSC") lies on the coast of western Sulawesi almost directly opposite Balikpapan. Sonoro has remapped the shallow LG Prospect from existing 2D seismic to better define the 4-way closure drilled by the LG-1 well and has confirmed that it was drilled on the flank of the structure. More importantly Sonoro has looked in detail at the pressure data collected during the drilling of the well and confirmed that it intersected a series of hydrocarbon reservoirs with clear oil gradients. The result is that LG-1 up-dip is a oil prospect with a crest some 110 metres up-dip from LG-1 well. LG-1 up-dip is therefore a low risk appraisal project with all pay intervals between 200 to 600 metres depth and an estimated TD of around 750 metres. There are at least two further follow up shallow prospects of similar if not larger size in the northern area of the PSC and a really impressive lead in the southern area with a preliminary mapped 15km x 3km closure, a TD of around 1000 metres with an oil seep on crest but which will need more low cost seismic (weight drop 2D) to firm up.
- - 1,099 square km area after final relinquishment
The Company has commenced operations for a one well appraisal drilling program on the Budong Budong license offsetting the LG-1 well. Estimated completion date Late Q3 2017, early Q4 2017.
Richard Wadsworth, CEO & Director
Engineer, 25+ years international: Premier, Anglo Albanian, Koch, Syncrude & Esso
Co-Founder Bankers Petroleum, President & COO; Increased production to 7,000 bopd; 2P reserves of 100+ mmbbl.
While at Anglo Albanian Petroleum (Premier Oil), drilled the first twenty well in Albania in over 20 years. Developed numerous oil and gas fields for Koch exploration in Western Canada during his early career
Bill Marpe, General Manager, Jakarta, Indonesia
Lawyer (TX), 35 years international: Union Texas Petroleum, Transworld Oil Ltd.
President of three Production Sharing Companies in Indonesia.
General Manager of P.T. Petcon Borneo: Palangkaraya Block sold to Conoco-Phillips
Founder and President of Stockbridge Oil & Gas Ltd
Dean Callaway, Chief Financial Officer
Former executive with Bukit Energy, Gallic Energy, TG World, Enbridge, TransAlta, and Merryl Lynch
Chartered Professional Account, Bachelor Commerce from Dalhouse with MBA from Nijenrode University
Experience in Indonesia, Philippines, France, Niger and North America
Hening Sugiatno, Senior Geologist
Geologist, Colorado School of Mines, MSc; 20 years Oil E&P experience in Indonesia. Managed several PSC blocks: W. Kampar, Pandalian Field, Sumatera. Developed play concepts leading to award of Palangkaraya PSC, Kalimantan.
|Alan Rachman, Government Liaison
Engineer, >30 years upstream and downstream operations in Indonesia. PT Petcon, Harvest Natural Resources and Ormat International. Started his career with Schlumberger. Regular participant in Indonesia Government and and regulatory consultative panels focusing on renewable energy.
Exchange & Symbol: TSX-V: SNV:CA
Issued & Outstanding: 177,314,463
Auditor: Deloitte LLP
SEDAR: Sonoro Energy
Stock Chart: SNV:CA