SONORO ENERGY

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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. To hear directly from management join our investor group today!

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SONORO ENERGY

lockPrivateGroup

Sonoro is an international oil and gas resource exploration and development company with a focus on Southeast Asia an......

people113 Members       (0)

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C Lee

6 days ago

C Lee has joined SONORO ENERGY

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8020 Admin

10 days ago

8020 Admin posted a press release Sonoro Energy Ltd Announces Acceleration of Warrant expiry date and provides update on Selat Panjang project in SONORO ENERGY

Calgary, Alberta - TheNewswire - September 5, 2019 - Sonoro Energy Ltd (the "Corporation "or "Sonoro") (TSXV:SNV) announces that it is accelerating the expiry date of all outstanding common share purchase warrants (the Warrants ") of the Company 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.


Pursuant to the Warrant amendment announced on March 29, 2019 the Warrants, as amended, include an accelerated expiry provision such that the exercise period of each of the Warrants will be reduced to 30 days if for any 10 consecutive trading days during the unexpired term of such Warrants, the closing price of the Corporation's common shares exceeds the amended exercise price by 25% or more (which would be a trading price of $0.0625 per common share or higher),


The Company confirms that as of the close of markets on September 5th, 2019 an Acceleration Trigger had occurred. Accordingly, the expiry date of the warrants is accelerated from December 31, 2019 to October 7 2019. In accordance with the terms of the Warrants, this news release constitutes notice to Warrant holders of the Acceleration Trigger. All unexercised Warrants will be cancelled after 5 p.m. (MST) on October 7, 2019.


As of September 5th, 2019 11,124,959 of the originally amended Warrants remain outstanding. Each whole Warrant entitles the holder to purchase one Common Share of the Company at $0.05. If all outstanding warrants are exercised gross proceeds to the Company will total $556,248. The proceeds from the exercise of Warrants will primarily be used for general corporate and working capital purposes.


Sonoro also advises that it continues to progress towards closing of the Selat Penjang PSC in Sumatra, Indonesia. The Corporation expects to complete all partnership agreements with its Indonesian partner PT Menara Global Energi shortly. Sonoro previously indicated that all project agreements and the PSC would be completed by August end. The partners have been delayed in executing the PSC with the government mainly due to scheduling details for all parties to meet and formally execute the Selat Penjang PSC documents. Upon execution of the PSC agreements, the partnership will submit the project performance bond to the government which the partners presently hold and is valued at 10% of the work program.


Forward-looking Statements


Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expects," "estimates," "seeks" and similar expressions. In particular, without limiting the generality of the foregoing, this news release contains forward-looking information regarding the PSC.


Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals, changes in legislation including but not limited to income tax, environmental laws and regulatory matters, and ability to access sufficient capital from internal and external sources. Readers are cautioned that the foregoing list of factors is not exhaustive.


Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.


Additional information on these and other factors that could affect Sonoro's operations or financial results are included in Sonoro's reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or by contacting Sonoro. The forward looking statements contained in this news release are made as of the date of this news release and Sonoro does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This press release is not to be disseminated in the United States


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com 

!
Thumb 8020 media relations

Media Relations posted an update in SONORO ENERGY

4 months ago

InvestmentPitch Media Video Discusses Sonoro Energy's Award of Selat Panjang PSC in Sumatra, Indonesia in Official Bid for Hydrocarbon Property

Thumb no photo

Moosa Moosa

5 months ago

!
Thumb 406b39b3 dbf3 4ec8 84dd 32b01a0e0f1a

Jeff Powers

8 months ago

!
Thumb no photo

Tyler Wilson

12 months ago

!
Thumb no photo

Hira.khan

1 year ago

!
Thumb default profile

Vignes Sangarapillai posted an update in SONORO ENERGY

1 year ago

Are we going to get any new updates? We need one.

Thumb photo

HOV posted an update in SONORO ENERGY

1 year ago

what are the new business opportunities? Can someone please let us know?

Thumb 8020 media relations

Media Relations

1 year ago

Media Relations posted a press release Sonoro Announces Private Placement Offering and Update in SONORO ENERGY

(via TheNewswire)


March 23, 2018 / TheNewswire / Calgary, Alberta- Sonoro Energy Ltd. ("Sonoro" or "the Company") (TSX-V: SNV) announces that it intends to raise up to CAD$1,750,000 by way of a non-brokered private placement (the "Offering") of units, where a unit (a "Unit") consists of one common share (a "Common Share") of the Company and one common share purchase warrant (a "Warrant") of the Company. On March 14, 2018 , the Company filed a price reservation form with the TSX Venture Exchange ( the "TSXV") to price protect the placement of up to 35,000,000 units at a price of $0.05 per Unit. Each Warrant entitles the holder to purchase one Common Share within two years from the Closing Date (as hereinafter defined) of the Offering at a price of $0.10 per Common Share. Proceeds will be used for general corporate purposes and pursuit of new business opportunities.


As part of this non-brokered financing, warrants are subject to an acceleration clause. This clause states that if, four months and one day after the warrants are issued, the closing price of the common shares of the Corporation, on the principal market on which such shares trade, is equal to, or exceeds, C$0.20 for 10 consecutive trading days (with the 10th such trading date hereafter referred to as the "Eligible Acceleration Date"), the warrant expiry date shall accelerate to a date 20 calendar days after issuance of a press release by the Corporation announcing the reduced warrant term--provided, no more than five business days following the Eligible Acceleration Date, that, the press release is issued; and notices are sent to all warrant holders.


The Offering is being made pursuant to certain Canadian prospectus exemptions, including the "existing securityholder" exemption and "purchasers advised by investment dealers" exemption, where applicable. Both the "existing securityholder" and "purchasers advised by investment dealers" exemptions are collectively referred to as the "Existing Secuityholder and Retail Investor Exemptions". Existing shareholders of the Company who wish to subscribe for Units pursuant to the Offering, who held common shares of the Company as of March 22, 2018 and who continue to hold common shares of the Company, and who are permitted to subscribe under the "existing securityholder" exemption should contact the Company pursuant to the contact information set forth below in order to participate in the Offering.


The Offering is expected to close on or about March 26, 2018 (the "Closing Date") but may close earlier or later or not at all. Closing of the Offering is also subject to TSX Venture final acceptance.


All securities issued in connection with the Offering will be subject to a four month hold period from the date of issuance of such securities. The Company confirms that there is no material fact or material change related to the Company which has not been generally disclosed.


On March 12, 2018, Sonoro announced that it had not been granted an extension by the Ministry of Energy for its PSC at Budong Budong West Sulawesi, Indonesia. Since this time, the Company has had discussions with government authorities to understand the rationale behind the decision and has attempted to rectify the situation. The Company had expected to receive such extension earlier in the year based on previous discussions with the relevant parties. At this time, there has been no change in the status of the non-extension. The Company continues to pursue a solution.


Forward-looking Statements


Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expects," "estimates," "seeks" and similar expressions. In particular, without limiting the generality of the foregoing, this press release contains forward-looking information regarding the Offering, the Company's Budong Budong appraisal well, drilling operations commencement and timing, and how the proceeds from the Offering will be used by the Company.


Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with the Offering failing to be fully subscribed for or not subscribed for at all, oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals, changes in legislation including but not limited to income tax, environmental laws and regulatory matters, and ability to access sufficient capital from internal and external sources. Readers are cautioned that the foregoing list of factors is not exhaustive.


Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.


Additional information on these and other factors that could affect Sonoro's operations or financial results are included in Sonoro's reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or by contacting Sonoro.


The forward looking statements contained in this news release are made as of the date of this press release, and Sonoro does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For further information please contact:


Sonoro Energy Ltd. at +1.403.262.3252


information@sonoroenergy.com


NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMATION IN THE UNITED STATES

!
Thumb default profile

Vignes Sangarapillai posted an update in SONORO ENERGY

1 year ago

Please let us know what is in progress
Thanks

Thumb no photo

Subin Cherian commented on K. agr  update in SONORO ENERGY

1 year ago

Richard Wadsworth,

I really hope you are in Indonesia now and make sure this is solved !!

How could this happen? This must be the biggest failure I experienced.

It's so bad so I miss words

I hope you have enough character to comment on this, let us know what happens!

thanks

Thumb tre kronor

K. agr posted an update in SONORO ENERGY

1 year ago

Richard Wadsworth,

I really hope you are in Indonesia now and make sure this is solved !!

How could this happen? This must be the biggest failure I experienced.

It's so bad so I miss words

I hope you have enough character to comment on this, let us know what happens!

thanks

Thumb photo

HOV posted an update in SONORO ENERGY

1 year ago

I have lost for words.

Thumb no photo

Subin Cherian posted an update in SONORO ENERGY

1 year ago

Extremely disappointed in the company. Lot of frustrated investors..This company keeps giving bad news all the time.

SONORO ENERGY

lockPrivate Group

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. To hear directly from management join our investor group today!

people113 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200200 2
Group Mods:
  • Thumb 8020 media relations
Request Membership


SONORO ENERGY

lockPrivateGroup

Sonoro is an international oil and gas resource exploration and development company with a focus on Southeast Asia an......

people113 Members       (0)

Thumb no photo

C Lee

6 days ago

C Lee has joined SONORO ENERGY

!
Thumb 8020 monitor 200200 2

8020 Admin

10 days ago

8020 Admin posted a press release Sonoro Energy Ltd Announces Acceleration of Warrant expiry date and provides update on Selat Panjang project in SONORO ENERGY

Calgary, Alberta - TheNewswire - September 5, 2019 - Sonoro Energy Ltd (the "Corporation "or "Sonoro") (TSXV:SNV) announces that it is accelerating the expiry date of all outstanding common share purchase warrants (the Warrants ") of the Company 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.


Pursuant to the Warrant amendment announced on March 29, 2019 the Warrants, as amended, include an accelerated expiry provision such that the exercise period of each of the Warrants will be reduced to 30 days if for any 10 consecutive trading days during the unexpired term of such Warrants, the closing price of the Corporation's common shares exceeds the amended exercise price by 25% or more (which would be a trading price of $0.0625 per common share or higher),


The Company confirms that as of the close of markets on September 5th, 2019 an Acceleration Trigger had occurred. Accordingly, the expiry date of the warrants is accelerated from December 31, 2019 to October 7 2019. In accordance with the terms of the Warrants, this news release constitutes notice to Warrant holders of the Acceleration Trigger. All unexercised Warrants will be cancelled after 5 p.m. (MST) on October 7, 2019.


As of September 5th, 2019 11,124,959 of the originally amended Warrants remain outstanding. Each whole Warrant entitles the holder to purchase one Common Share of the Company at $0.05. If all outstanding warrants are exercised gross proceeds to the Company will total $556,248. The proceeds from the exercise of Warrants will primarily be used for general corporate and working capital purposes.


Sonoro also advises that it continues to progress towards closing of the Selat Penjang PSC in Sumatra, Indonesia. The Corporation expects to complete all partnership agreements with its Indonesian partner PT Menara Global Energi shortly. Sonoro previously indicated that all project agreements and the PSC would be completed by August end. The partners have been delayed in executing the PSC with the government mainly due to scheduling details for all parties to meet and formally execute the Selat Penjang PSC documents. Upon execution of the PSC agreements, the partnership will submit the project performance bond to the government which the partners presently hold and is valued at 10% of the work program.


Forward-looking Statements


Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expects," "estimates," "seeks" and similar expressions. In particular, without limiting the generality of the foregoing, this news release contains forward-looking information regarding the PSC.


Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals, changes in legislation including but not limited to income tax, environmental laws and regulatory matters, and ability to access sufficient capital from internal and external sources. Readers are cautioned that the foregoing list of factors is not exhaustive.


Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.


Additional information on these and other factors that could affect Sonoro's operations or financial results are included in Sonoro's reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or by contacting Sonoro. The forward looking statements contained in this news release are made as of the date of this news release and Sonoro does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


This press release is not to be disseminated in the United States


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com 

!
Thumb 8020 media relations

Media Relations posted an update in SONORO ENERGY

4 months ago

InvestmentPitch Media Video Discusses Sonoro Energy's Award of Selat Panjang PSC in Sumatra, Indonesia in Official Bid for Hydrocarbon Property

Thumb no photo

Moosa Moosa

5 months ago

!
Thumb 406b39b3 dbf3 4ec8 84dd 32b01a0e0f1a

Jeff Powers

8 months ago

!
Thumb no photo

Tyler Wilson

12 months ago

!
Thumb no photo

Hira.khan

1 year ago

!
Thumb default profile

Vignes Sangarapillai posted an update in SONORO ENERGY

1 year ago

Are we going to get any new updates? We need one.

Thumb photo

HOV posted an update in SONORO ENERGY

1 year ago

what are the new business opportunities? Can someone please let us know?

Thumb 8020 media relations

Media Relations

1 year ago

Media Relations posted a press release Sonoro Announces Private Placement Offering and Update in SONORO ENERGY

(via TheNewswire)


March 23, 2018 / TheNewswire / Calgary, Alberta- Sonoro Energy Ltd. ("Sonoro" or "the Company") (TSX-V: SNV) announces that it intends to raise up to CAD$1,750,000 by way of a non-brokered private placement (the "Offering") of units, where a unit (a "Unit") consists of one common share (a "Common Share") of the Company and one common share purchase warrant (a "Warrant") of the Company. On March 14, 2018 , the Company filed a price reservation form with the TSX Venture Exchange ( the "TSXV") to price protect the placement of up to 35,000,000 units at a price of $0.05 per Unit. Each Warrant entitles the holder to purchase one Common Share within two years from the Closing Date (as hereinafter defined) of the Offering at a price of $0.10 per Common Share. Proceeds will be used for general corporate purposes and pursuit of new business opportunities.


As part of this non-brokered financing, warrants are subject to an acceleration clause. This clause states that if, four months and one day after the warrants are issued, the closing price of the common shares of the Corporation, on the principal market on which such shares trade, is equal to, or exceeds, C$0.20 for 10 consecutive trading days (with the 10th such trading date hereafter referred to as the "Eligible Acceleration Date"), the warrant expiry date shall accelerate to a date 20 calendar days after issuance of a press release by the Corporation announcing the reduced warrant term--provided, no more than five business days following the Eligible Acceleration Date, that, the press release is issued; and notices are sent to all warrant holders.


The Offering is being made pursuant to certain Canadian prospectus exemptions, including the "existing securityholder" exemption and "purchasers advised by investment dealers" exemption, where applicable. Both the "existing securityholder" and "purchasers advised by investment dealers" exemptions are collectively referred to as the "Existing Secuityholder and Retail Investor Exemptions". Existing shareholders of the Company who wish to subscribe for Units pursuant to the Offering, who held common shares of the Company as of March 22, 2018 and who continue to hold common shares of the Company, and who are permitted to subscribe under the "existing securityholder" exemption should contact the Company pursuant to the contact information set forth below in order to participate in the Offering.


The Offering is expected to close on or about March 26, 2018 (the "Closing Date") but may close earlier or later or not at all. Closing of the Offering is also subject to TSX Venture final acceptance.


All securities issued in connection with the Offering will be subject to a four month hold period from the date of issuance of such securities. The Company confirms that there is no material fact or material change related to the Company which has not been generally disclosed.


On March 12, 2018, Sonoro announced that it had not been granted an extension by the Ministry of Energy for its PSC at Budong Budong West Sulawesi, Indonesia. Since this time, the Company has had discussions with government authorities to understand the rationale behind the decision and has attempted to rectify the situation. The Company had expected to receive such extension earlier in the year based on previous discussions with the relevant parties. At this time, there has been no change in the status of the non-extension. The Company continues to pursue a solution.


Forward-looking Statements


Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expects," "estimates," "seeks" and similar expressions. In particular, without limiting the generality of the foregoing, this press release contains forward-looking information regarding the Offering, the Company's Budong Budong appraisal well, drilling operations commencement and timing, and how the proceeds from the Offering will be used by the Company.


Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with the Offering failing to be fully subscribed for or not subscribed for at all, oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals, changes in legislation including but not limited to income tax, environmental laws and regulatory matters, and ability to access sufficient capital from internal and external sources. Readers are cautioned that the foregoing list of factors is not exhaustive.


Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.


Additional information on these and other factors that could affect Sonoro's operations or financial results are included in Sonoro's reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) or by contacting Sonoro.


The forward looking statements contained in this news release are made as of the date of this press release, and Sonoro does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by securities law.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For further information please contact:


Sonoro Energy Ltd. at +1.403.262.3252


information@sonoroenergy.com


NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMATION IN THE UNITED STATES

!
Thumb default profile

Vignes Sangarapillai posted an update in SONORO ENERGY

1 year ago

Please let us know what is in progress
Thanks

Thumb no photo

Subin Cherian commented on K. agr  update in SONORO ENERGY

1 year ago

Richard Wadsworth,

I really hope you are in Indonesia now and make sure this is solved !!

How could this happen? This must be the biggest failure I experienced.

It's so bad so I miss words

I hope you have enough character to comment on this, let us know what happens!

thanks

Thumb tre kronor

K. agr posted an update in SONORO ENERGY

1 year ago

Richard Wadsworth,

I really hope you are in Indonesia now and make sure this is solved !!

How could this happen? This must be the biggest failure I experienced.

It's so bad so I miss words

I hope you have enough character to comment on this, let us know what happens!

thanks

Thumb photo

HOV posted an update in SONORO ENERGY

1 year ago

I have lost for words.

Thumb no photo

Subin Cherian posted an update in SONORO ENERGY

1 year ago

Extremely disappointed in the company. Lot of frustrated investors..This company keeps giving bad news all the time.