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!

people112 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200 200  png
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......

people112 Members       (0)

Thumb 8020 media relations

Media Relations posted an update in SONORO ENERGY

1 month

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

!
Thumb 8020 monitor 200 200  png

8020 Admin

1 month

8020 Admin posted a press release Sonoro Energy Ltd announced as winner of Selat Panjang PSC block in Sumatra, Indonesia in SONORO ENERGY

(via TheNewswire)

May 7, 2019 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd (the "Corporation " or "Sonoro") (TSX Venture: SNV) is pleased to announce that along with its Indonesian partner PT Menara Global Energi, an affiliate of a substantial Indonesian company, has been awarded the Selat Panjang PSC in the 2019 Conventional Bid Round in Indonesia as formally announced by SKKMIGAS and the Ministry of Energy in Indonesia. Sonoro has a 25% interest in the project with an option for up to an additional 24%.


The 923 sq km Selat Panjang PSC area is situated in Riau province, Central Sumatra and is approximately 925 km from Jakarta and 110 km from Pekanbaru (capital city of Riau Province). The block has produced oil and gas in prior years, in 2014, the Indonesian Ministry of Energy approved a plan of development for further production however, in 2018, the block PSC was terminated by the Indonesian Ministry of Energy and as a result the Plan of Development was not implemented.


The consortium was advised in Jakarta, Indonesia today at a formal meeting called by the Ministry of Energy and Mineral Resources to announce the winners of the 2019 Conventional Bid Round. Sonoro and its partner will complete the final proceedings for execution of the PSC in the next couple of days with MIGAS. Bill Marpe, resident Director of Sonoro in Jakarta comments "Sonoro is extremely pleased with the award of the Selat Panjang block in Sumatra Indonesia. Our team has worked hard towards the successful award of this production block and we look forward to developing the block with our project partner. The block and area has demonstrated solid production in the past and we are encouraged by the upside potential we can add to hydrocarbon production in Indonesia in the future".


Additional details about Selat Panjang and the consortiums plans will be provided as soon as available.


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.


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252 or


information@sonoroenergy.com


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

2 months

8020 Admin posted a press release Sonoro Energy Ltd Announces Bid Submission for Selat Panjang PSC in Sumatra, Indonesia in SONORO ENERGY

April 25, 2019 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd (the "Corporation " or "Sonoro") (TSX Venture: SNV) is pleased to announce that along with its Indonesian partner an affiliate of a substantial Indonesian company, has submitted a bid for the Selat Panjang PSC in the 2019 Conventional Bid Round in Indonesia. Sonoro expects announcement of the successful bid to occur within the next month. Sonoro has a 25% interest in the project with an option for up to an additional 24%.


The Selat Panjang PSC area is situated in Riau province, Central Sumatra and is approximately 925 km from Jakarta and 110 km from Pekanbaru (capital city of Riau Province). The block has produced oil and gas in prior years, in 2014, the Indonesian Ministry of Energy approved a plan of development for further production however, in 2018, the block PSC was terminated by the Indonesian Ministry of Energy and as a result the Plan of Development was not implemented.


The consortium has submitted a bid for the block that will commit it to a five-year work program and a signature bonus each of which satisfies the minimum commitments required by the Government of Indonesia for qualifying bids on the Selat Panjang PSC. The actual total commitment and the amount of the signature bonus will remain confidential until the successful bidder and the award of the bid is announced. Sonoro's partner has funded the bid costs including the signature bonus on behalf of Sonoro. Sonoro's proportionate share of the expenditures related to the acquisition of the block and the work program will be borne by its partner for up to twelve months. These costs will be repaid to our partner on terms to be agreed.


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.


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com 

!
Thumb 8020 monitor 200 200  png

8020 Admin

2 months

8020 Admin posted a press release Sonoro Energy Ltd Announces TSXV Exchange Approval for Amendment of Warrants in SONORO ENERGY

April 8, 2019 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd (the "Corporation " or "Sonoro") (TSX Venture: SNV) 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 (the "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 Warrants is being re-priced from $0.20 to $0.05


The exercise period is being extended to December 31, 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), with the 30-day expiry period commencing on the day the Issuer either (i) disseminates a press release or (ii) sends a written notice to the holders of the Warrants, advising of the commencement of the Exercise Period.


For further information about the amendment see the Company's press release dated March 29, 2019.


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.


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com 


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

3 months

8020 Admin posted a press release Closing of Non- Brokered Private Placement, Warrant Amendments and Project Update in SONORO ENERGY

Closing of Non- Brokered Private Placement, Warrant Amendments and Project Update

Calgary, Alberta - Sonoro Energy Ltd (the "Corporation " or "Sonoro") (TSX Venture: SNV) 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 (a "Unit") at a price of $0.03 per Unit, where each Unit consists of one common share (a "Common Share") of the Company and one common share purchase warrant (a "Warrant") of the Company, where each Warrant entitles the holder to purchase one Common Share within two years of the closing date at a price of $0.05 per Common Share.


Closing of the Private Placement is subject to final TSX Venture Exchange approval. The Common Shares and the Warrants issued are subject to a four-month hold period.


The principal use of proceeds is approximately $100,000 to support Sonoro's bid in the 2019 Indonesian Conventional Oil and Gas Round, $75,000 to complete the partnership agreement with its Indonesian partner and continue to advance discussions for its re-instatement of the Budong Budong project and $125,000 for corporate general and administration purposes such as completing the 2018 year-end audit, TSXV sustaining and issuance fees and other standard administration expenses. Management and Directors have subscribed for approximately 70% of the financing.


The Company will apply the gross proceeds in such priority and in such proportions as the Board of Directors and Management of the Company determine is in the best interest of the Company.


The Company intends to submit a bid in the 2019 Indonesian Conventional Oil and Gas Round on a block considered to have near-term production and significant hydrocarbon reserves. Bids are currently due in late April. The Company will announce the results of the Bid as soon as an announcement in Indonesia is made.


Warrant Extension and Amendment


The Company has filed an application with the TSX Venture Exchange ("TSXV") to amend the expiry date and the exercise price of 14,219,000 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 to be amended do not include any warrants issued to finders or agents in connection with the Originating Private Placement.


The exercise price of the Warrants is being re-priced to $0.05 from $0.20 and the exercise period is being extended to December 31, 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), with the 30-day expiry period commencing on the day the Issuer either (i) disseminates a press release or (ii) sends a written notice to the holders of the Warrants, advising of the commencement of the Exercise Period.


11% of the Warrants are held by parties who are considered to be "related parties" of the Company. Therefore, the amendment of Warrants constitutes a "related party transaction" as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the Warrants does not exceeds 25% of the market capitalization of the Company. A material change report in respect of this related party transaction will be filed by the Company. The material change report could not be filed earlier than 21 days prior to the amendment of the Warrants due to the pending expiry of such warrants.


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.


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com 


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

4 months

8020 Admin posted a press release Sonoro Energy Announces Financing and Provides an Update on Activities in Indonesia in SONORO ENERGY

February 25, 2019 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) 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 (a "Common Share") and one common share purchase warrant (a "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 under the 'Discretionary Waivers of $0.05 Minimum Pricing Requirement' of the TSXV, whereby the Company's financing is less than $500,000. As a result of the TSXV waiver, no consolidation of shares is required.


Sonoro intends to use the proceeds of the funding to i) participate in the 2019 Indonesia Conventional Oil and Gas first bid round, ii) complete a partnership agreement with its Indonesian partner iii) discuss the Company's reinstatement of the Budong Budong PSC with the Ministry of Energy in Indonesia and iv) general working capital purposes.


MIGAS, the energy regulator in Indonesia, has recently announced the Conventional Oil and Gas Bidding First Round 2019 with bids due in April, 2019. Sonoro intends to submit a bid for one of the production exploration blocks included in this bid round with its project partner who is one of Indonesia's most prominent companies. If successful in its bid, Sonoro will have an interest ranging between 25% to 49%. Specific details about the new project and the Indonesian partner will be provided if and when the joint consortium is awarded the project or if and when Budong Budong is granted an extension of its term.


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$0.10 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.


Mr. Chris Atkinson, CEO of Sonoro commented that "Sonoro continues to be interested in the conventional oil and gas blocks in the first bid round of 2019. The block we are most interested in was unexpectedly not awarded in a 2018 bid round we participated in. As purported by MIGAS in its data room, the block has significant 2P reserves. We look forward to assessing the amended terms of the assets with our partner and be successful in the award of the block from the Minister of Energy".


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 Securityholder 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 February 22, 2019 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 1, 2019 (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.


The Company will provide further updates on activities as material events progress.


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.


For further information please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

8 months

8020 Admin posted a press release Sonoro Energy provides an update on activities in Indonesia in SONORO ENERGY

Calgary, Alberta / TheNewswire / October 30, 2018 - Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) 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 will carefully review the tender requirements and procedures set by the Government of Indonesia for the forth coming 3rd bidding round.


Mr. Chris Atkinson, CEO of Sonoro commented that "Sonoro through the Joint Cooperation continues to be interested in the block and we look forward to assessing the terms of the 3rd bidding round in order to progress our bid for the Selat Panjang assets". The Joint Cooperation is also continuing its efforts to have the Budong-Budong PSC reinstated.


The Company will provide further updates on activities as material events progress.


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 monitor 200 200  png

8020 Admin

9 months

8020 Admin posted a press release Sonoro Energy Enters Into a Strategic Alliance and Provides Update on Operations in SONORO ENERGY

September 11, 2018 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) 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 (the "Joint Cooperation"). 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 Indonesian entity is engaged in a diversity of businesses including property development, plantation ownership as well as trading both domestically and internationally.


In March and July 2018, Sonoro announced that it was unsuccessful in obtaining a term extension for the Budong-Budong Production Sharing Contract in which Sonoro drilled a discovery well in November 2017. The consortium of the Joint Cooperation will continue to seek this extension from the Indonesian government under the current Production Sharing Contract arrangement. There can be no assurance that project extension will be granted. In addition, the Joint Cooperation intends to submit a joint bid in response to Indonesia's conventional Oil and Gas 2nd Bidding Round for October 2018. If successful in its bid Sonoro will have an interest ranging between 25% to 49% and will act as operator. Specific details about the new project and the Indonesian company will be provided if and when the Joint Cooperation is awarded the project or if and when Budong Budong is granted an extension of its term.


The Company also announces that Mr. Chris Atkinson, the current Chairman of the Company, will assume the role of interim CEO with the resignation of Mr. Richard Wadsworth from his position as CEO. Mr. Atkinson thanks Mr. Wadsworth for all his efforts over the past years in that role. Mr. Dean Callaway, current CFO will join the Board as a Director of the Company.


With regards to the Joint Cooperation, Mr. Atkinson commented "We are pleased to have the opportunity to become joint venture partners with one of Indonesia's most successful private investment groups which has had an impressive track record over their various business endeavors in Indonesia and is now seeking to repeat that success with Sonoro in the oil and gas sector. The Joint Cooperation relationship will allow Sonoro to actively pursue additional opportunities in Indonesia ultimately providing a more diversified portfolio of assets in a country I personally know extremely well"


The Company is continuing with the development of its Blockchain technology concept as well as its ongoing assessment of other international oil and gas production opportunities.


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 monitor 200 200  png

8020 Admin

11 months

8020 Admin posted a press release Sonoro Energy and Blox Labs Commence Development of Procurement, Tendering and Contracts Module for PetroBLOX - Smart Contracts Ledger For The Oil and Gas Industry in SONORO ENERGY

(via TheNewswire)


Calgary, Albertaand Toronto, Ontario / TheNewswire / July 16, 2018 - Sonoro Energy Ltd. ("SNV") (TSX-V: SNV) (Frankfurt: FDZN) (OTC: SNVFF), is pleased to announce that in partnership withBlox Labs Inc. ("BLOX") (CSE: BLOX) (Frankfurt: BR1B),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 the creation of a Blockchain module pertaining to the "Procurement, Tendering and Contracts" aspect of the oil and gas ecosystem. This process is a vitally important aspect of the oil and gas supply chain. International oil and gas contracts, whether production sharing, on a technical services basis or other, typically requires transparent, competitive tendering process for the procurement of materials, equipment and services. Without such processes international oil companies are unable to recover their costs, face penalties or increase their costs. This system would be transparent and auditable by the issuing organization and their partners. It would also streamline the procurement process for all parties involved, allowing collaboration and efficiency. The prudent use of Blockchain and Decentralized Applications offers a potential solution to the challenges that are faced with governments and partners in the procurement of such services, materials and equipment, Requests for Quotation, service bids, and other ancillary products and inputs that are used in day-to-day operations. Many of the status quo processes that are utilized within the industry are archaic and could benefit greatly from the emerging trends in Blockchain technology.


"Sonoro Energy is providing invaluable input and insight into the real world issues that plague oil companies as they operate in complex and dynamic domains", stated Jeff Zanini, President and CEO of BLOX. He continued, "This knowledge will greatly assist in the software build-out of PetroBLOX as we aim to enhance transparency and ultimately benefit the supply chain flow in order to increase efficiencies in an industry which is largely still reliant on manual processes. The development of a Procurement module will be a key piece to this overall puzzle."


About Sonoro Energy


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


For further information please contact:


Dean Callaway


+1.403.262.3252


info@sonoroenergy.com 


www.sonoroenergy.com


About Blox Labs


Blox Labs Inc. is a technology development company focused on creating best-in-class software solutions driven by emerging trends in Blockchain, Smart Contracts and Decentralized Applications. BLOX is helping customers with solutions for business problems from proofs of concept through execution. The Company is currently piloting blockchain solutions for supply chain management and improvement as well as other areas. BLOX is actively targeting partnerships and strategic acquisitions of growth companies.


Blox Labs Inc.


Jeff Zanini, CEO and Director


Phone: +1.416.262.0871


Email: ir@bloxlabs.ca


Website: www.bloxlabs.ca


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.


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 8020 monitor 200 200  png

8020 Admin

11 months

8020 Admin posted a press release Sonoro Energy provides update on operations in SONORO ENERGY

July 9, 2018 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) announces that the Ministry of Energy in Indonesia has declined its second request for an extension of the Budong Budong Production Sharing Contract ("PSC") 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 to the Ministry.


In March 2018, and as previously reported, Sonoro received notice through its subsidiary companies, Stockbridge Oil and Gas Ltd. BVI and Stockbridge Budong Budong BV ("Stockbridge") that its PSC had not been extended. Since that time, Sonoro has been working with SKKMIGAS to develop a new proposal for submission to the Ministry of Energy. The second request for an extension was made on the suggestion by the Ministry of Energy to the Company after meetings in Jakarta in March. Approximately one month ago Sonoro through SKKMIGAS submitted the second request for extension to the Ministry of Energy based on the proposal it developed. This proposal and request for extension has been rejected/declined by the Ministry of Energy.


The Concession is located onshore West Sulawesi. The Company commenced drilling the LG-1 Updip appraisal well in October 2017 with operations continuing for approximately 50 days. In November 2017, the Company as approved by SKKMIGAS, cased the well without completing a flow test which was a result of dangerous gas kicks on site and unstable sand formations. The intention was to return to the wellsite in the future to complete the tests. Continuation of the PSC was subject to renewal on January 15, 2018 by the Ministry of Energy of Indonesia.


The Company will continue to pursue all avenues to obtain extension of the Budong Budong PSC and will provide updates as warranted.


The Company continues with the development of its Blockchain technology concept as well as its ongoing assessment of international oil and gas production opportunities.


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.


For further information please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com


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

!

8020 Admin posted a press release Blox Labs and Sonoro Energy To Develop Blockchain-Based Smart Contracts Ledger For The Oil and Gas Industry in SONORO ENERGY

Calgary, Alberta and Toronto, Ontario / TheNewswire / May 16, 2018 - Sonoro Energy Ltd. ("SNV") (TSXV: SNV) (Frankfurt: FDZN) (OTC: SNVFF) is pleased to announce that, in partnership with Blox Labs Inc. ("BLOX") (CSE: BLOX) (Frankfurt: BR1B), 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 increase the level of transparency in the global Exploration and Production ("E&P") space. With applications to both the upstream and downstream verticals of the oil and gas sector, PetroBLOX will endeavor to assist and ease bottlenecks ranging from permitting, planning, procurement, to rig mobilization and de-mobilization, all the way through to end-product commodity trading. Phase 1 development of PetroBLOX has begun and will include, among other things, refining project scope and modeling itemization, an environmental scan of the E&P industry status quo, PetroBLOX branding, and the completion of a Blockchain Whitepaper.


"BLOX is pleased to have entered into this partnership with Sonoro Energy whereby their expertise in the various facets of the oil and gas sector will bring valuable input to the development of PetroBLOX", stated Jeff Zanini, President & CEO of BLOX. "Our Ethereum backed smart contract platform will greatly benefit the supply chain flow and increase efficiencies to an industry which is largely still reliant on manual processes. Our clients vision of digitization and enabling immutable record keeping is visionary in this space, and we are pleased to partner with Sonoro Energy on this project".


Chris Atkinson, Chairman of Sonoro Energy stated "We are excited to be entering into a partnership with BLOX, that possesses and brings valuable information and expertise in Block Chain technology. This is a strategic move for Sonoro that will further enable and enhance our operational leverage in executing projects in SE Asia".


The Company also announces the resignation of David Robinson from the Board of Directors. The Company thanks Mr. Robinson for his valued contributions to Sonoro in the past and wishes him the best with his future endeavors.


About Sonoro Energy


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


For further information please contact:


Dean Callaway


+1.403.262.3252


info@sonoroenergy.com


www.sonoroenergy.com


About Blox Labs


Blox Labs Inc. is a technology development company focused on creating best-in-class software solutions driven by emerging trends in Blockchain, Smart Contracts and Decentralized Applications. BLOX is helping customers with solutions for business problems from proofs of concept through execution. The Company is currently piloting blockchain solutions for supply chain management and improvement as well as other areas. BLOX is actively targeting partnerships and strategic acquisitions of growth companies.


Blox Labs Inc.


Jeff Zanini, CEO and Director


Phone: +1.416.262.0871


Email: ir@bloxlabs.ca


Website: www.bloxlabs.ca


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Forward-Looking Information


This news release includes forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including future plans for development of technologies by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

!

8020 Admin posted a press release Sonoro Energy Provides Update on Operations in SONORO ENERGY

May 1, 2018 / TheNewswire / Calgary, Alberta -Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) 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 extension from the Ministry of Energy. SKKMIGAS has stated that they will present and support this request to the Ministry of Energy which is currently in progress. The Minister of Energy will provide their response thereafter. It is emphasized there can be no guarantee that the Minister of Energy will provide their consent.


The Company has granted 3,500,000 stock options to Directors, Management, employees and consultants exercisable at $0.055 per share over a 5 year term in accordance with the company stock option plan. The terms and conditions of the grant are subject to the approval of the TSX Venture Exchange.


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 default profile

Vignes Sangarapillai posted an update in SONORO ENERGY

1 year

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

!
Thumb photo

HOV posted an update in SONORO ENERGY

1 year

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

!

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

Please let us know what is in progress
Thanks

!
Thumb 8020 monitor 200 200  png

8020 Admin posted an update in SONORO ENERGY

1 year

We have adjusted the Admin statement to reduce any confusion for the investors in this group.

!

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!

people112 Members       (0)

Corporate Profile
Group Admins:
  • Thumb 8020 monitor 200 200  png
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......

people112 Members       (0)

Thumb 8020 media relations

Media Relations posted an update in SONORO ENERGY

1 month

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

!
Thumb 8020 monitor 200 200  png

8020 Admin

1 month

8020 Admin posted a press release Sonoro Energy Ltd announced as winner of Selat Panjang PSC block in Sumatra, Indonesia in SONORO ENERGY

(via TheNewswire)

May 7, 2019 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd (the "Corporation " or "Sonoro") (TSX Venture: SNV) is pleased to announce that along with its Indonesian partner PT Menara Global Energi, an affiliate of a substantial Indonesian company, has been awarded the Selat Panjang PSC in the 2019 Conventional Bid Round in Indonesia as formally announced by SKKMIGAS and the Ministry of Energy in Indonesia. Sonoro has a 25% interest in the project with an option for up to an additional 24%.


The 923 sq km Selat Panjang PSC area is situated in Riau province, Central Sumatra and is approximately 925 km from Jakarta and 110 km from Pekanbaru (capital city of Riau Province). The block has produced oil and gas in prior years, in 2014, the Indonesian Ministry of Energy approved a plan of development for further production however, in 2018, the block PSC was terminated by the Indonesian Ministry of Energy and as a result the Plan of Development was not implemented.


The consortium was advised in Jakarta, Indonesia today at a formal meeting called by the Ministry of Energy and Mineral Resources to announce the winners of the 2019 Conventional Bid Round. Sonoro and its partner will complete the final proceedings for execution of the PSC in the next couple of days with MIGAS. Bill Marpe, resident Director of Sonoro in Jakarta comments "Sonoro is extremely pleased with the award of the Selat Panjang block in Sumatra Indonesia. Our team has worked hard towards the successful award of this production block and we look forward to developing the block with our project partner. The block and area has demonstrated solid production in the past and we are encouraged by the upside potential we can add to hydrocarbon production in Indonesia in the future".


Additional details about Selat Panjang and the consortiums plans will be provided as soon as available.


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.


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252 or


information@sonoroenergy.com


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

2 months

8020 Admin posted a press release Sonoro Energy Ltd Announces Bid Submission for Selat Panjang PSC in Sumatra, Indonesia in SONORO ENERGY

April 25, 2019 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd (the "Corporation " or "Sonoro") (TSX Venture: SNV) is pleased to announce that along with its Indonesian partner an affiliate of a substantial Indonesian company, has submitted a bid for the Selat Panjang PSC in the 2019 Conventional Bid Round in Indonesia. Sonoro expects announcement of the successful bid to occur within the next month. Sonoro has a 25% interest in the project with an option for up to an additional 24%.


The Selat Panjang PSC area is situated in Riau province, Central Sumatra and is approximately 925 km from Jakarta and 110 km from Pekanbaru (capital city of Riau Province). The block has produced oil and gas in prior years, in 2014, the Indonesian Ministry of Energy approved a plan of development for further production however, in 2018, the block PSC was terminated by the Indonesian Ministry of Energy and as a result the Plan of Development was not implemented.


The consortium has submitted a bid for the block that will commit it to a five-year work program and a signature bonus each of which satisfies the minimum commitments required by the Government of Indonesia for qualifying bids on the Selat Panjang PSC. The actual total commitment and the amount of the signature bonus will remain confidential until the successful bidder and the award of the bid is announced. Sonoro's partner has funded the bid costs including the signature bonus on behalf of Sonoro. Sonoro's proportionate share of the expenditures related to the acquisition of the block and the work program will be borne by its partner for up to twelve months. These costs will be repaid to our partner on terms to be agreed.


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.


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com 

!
Thumb 8020 monitor 200 200  png

8020 Admin

2 months

8020 Admin posted a press release Sonoro Energy Ltd Announces TSXV Exchange Approval for Amendment of Warrants in SONORO ENERGY

April 8, 2019 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd (the "Corporation " or "Sonoro") (TSX Venture: SNV) 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 (the "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 Warrants is being re-priced from $0.20 to $0.05


The exercise period is being extended to December 31, 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), with the 30-day expiry period commencing on the day the Issuer either (i) disseminates a press release or (ii) sends a written notice to the holders of the Warrants, advising of the commencement of the Exercise Period.


For further information about the amendment see the Company's press release dated March 29, 2019.


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.


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com 


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

3 months

8020 Admin posted a press release Closing of Non- Brokered Private Placement, Warrant Amendments and Project Update in SONORO ENERGY

Closing of Non- Brokered Private Placement, Warrant Amendments and Project Update

Calgary, Alberta - Sonoro Energy Ltd (the "Corporation " or "Sonoro") (TSX Venture: SNV) 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 (a "Unit") at a price of $0.03 per Unit, where each Unit consists of one common share (a "Common Share") of the Company and one common share purchase warrant (a "Warrant") of the Company, where each Warrant entitles the holder to purchase one Common Share within two years of the closing date at a price of $0.05 per Common Share.


Closing of the Private Placement is subject to final TSX Venture Exchange approval. The Common Shares and the Warrants issued are subject to a four-month hold period.


The principal use of proceeds is approximately $100,000 to support Sonoro's bid in the 2019 Indonesian Conventional Oil and Gas Round, $75,000 to complete the partnership agreement with its Indonesian partner and continue to advance discussions for its re-instatement of the Budong Budong project and $125,000 for corporate general and administration purposes such as completing the 2018 year-end audit, TSXV sustaining and issuance fees and other standard administration expenses. Management and Directors have subscribed for approximately 70% of the financing.


The Company will apply the gross proceeds in such priority and in such proportions as the Board of Directors and Management of the Company determine is in the best interest of the Company.


The Company intends to submit a bid in the 2019 Indonesian Conventional Oil and Gas Round on a block considered to have near-term production and significant hydrocarbon reserves. Bids are currently due in late April. The Company will announce the results of the Bid as soon as an announcement in Indonesia is made.


Warrant Extension and Amendment


The Company has filed an application with the TSX Venture Exchange ("TSXV") to amend the expiry date and the exercise price of 14,219,000 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 to be amended do not include any warrants issued to finders or agents in connection with the Originating Private Placement.


The exercise price of the Warrants is being re-priced to $0.05 from $0.20 and the exercise period is being extended to December 31, 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), with the 30-day expiry period commencing on the day the Issuer either (i) disseminates a press release or (ii) sends a written notice to the holders of the Warrants, advising of the commencement of the Exercise Period.


11% of the Warrants are held by parties who are considered to be "related parties" of the Company. Therefore, the amendment of Warrants constitutes a "related party transaction" as contemplated by Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions, and TSXV Policy 5.9 - Protection of Minority Shareholders in Special Transactions. However, the exemptions from formal valuation and minority approval requirements provided for by these guidelines can be relied upon as the fair market value of the Warrants does not exceeds 25% of the market capitalization of the Company. A material change report in respect of this related party transaction will be filed by the Company. The material change report could not be filed earlier than 21 days prior to the amendment of the Warrants due to the pending expiry of such warrants.


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.


For further information, please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com 


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

4 months

8020 Admin posted a press release Sonoro Energy Announces Financing and Provides an Update on Activities in Indonesia in SONORO ENERGY

February 25, 2019 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) 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 (a "Common Share") and one common share purchase warrant (a "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 under the 'Discretionary Waivers of $0.05 Minimum Pricing Requirement' of the TSXV, whereby the Company's financing is less than $500,000. As a result of the TSXV waiver, no consolidation of shares is required.


Sonoro intends to use the proceeds of the funding to i) participate in the 2019 Indonesia Conventional Oil and Gas first bid round, ii) complete a partnership agreement with its Indonesian partner iii) discuss the Company's reinstatement of the Budong Budong PSC with the Ministry of Energy in Indonesia and iv) general working capital purposes.


MIGAS, the energy regulator in Indonesia, has recently announced the Conventional Oil and Gas Bidding First Round 2019 with bids due in April, 2019. Sonoro intends to submit a bid for one of the production exploration blocks included in this bid round with its project partner who is one of Indonesia's most prominent companies. If successful in its bid, Sonoro will have an interest ranging between 25% to 49%. Specific details about the new project and the Indonesian partner will be provided if and when the joint consortium is awarded the project or if and when Budong Budong is granted an extension of its term.


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$0.10 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.


Mr. Chris Atkinson, CEO of Sonoro commented that "Sonoro continues to be interested in the conventional oil and gas blocks in the first bid round of 2019. The block we are most interested in was unexpectedly not awarded in a 2018 bid round we participated in. As purported by MIGAS in its data room, the block has significant 2P reserves. We look forward to assessing the amended terms of the assets with our partner and be successful in the award of the block from the Minister of Energy".


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 Securityholder 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 February 22, 2019 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 1, 2019 (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.


The Company will provide further updates on activities as material events progress.


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.


For further information please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com


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

!
Thumb 8020 monitor 200 200  png

8020 Admin

8 months

8020 Admin posted a press release Sonoro Energy provides an update on activities in Indonesia in SONORO ENERGY

Calgary, Alberta / TheNewswire / October 30, 2018 - Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) 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 will carefully review the tender requirements and procedures set by the Government of Indonesia for the forth coming 3rd bidding round.


Mr. Chris Atkinson, CEO of Sonoro commented that "Sonoro through the Joint Cooperation continues to be interested in the block and we look forward to assessing the terms of the 3rd bidding round in order to progress our bid for the Selat Panjang assets". The Joint Cooperation is also continuing its efforts to have the Budong-Budong PSC reinstated.


The Company will provide further updates on activities as material events progress.


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 monitor 200 200  png

8020 Admin

9 months

8020 Admin posted a press release Sonoro Energy Enters Into a Strategic Alliance and Provides Update on Operations in SONORO ENERGY

September 11, 2018 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) 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 (the "Joint Cooperation"). 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 Indonesian entity is engaged in a diversity of businesses including property development, plantation ownership as well as trading both domestically and internationally.


In March and July 2018, Sonoro announced that it was unsuccessful in obtaining a term extension for the Budong-Budong Production Sharing Contract in which Sonoro drilled a discovery well in November 2017. The consortium of the Joint Cooperation will continue to seek this extension from the Indonesian government under the current Production Sharing Contract arrangement. There can be no assurance that project extension will be granted. In addition, the Joint Cooperation intends to submit a joint bid in response to Indonesia's conventional Oil and Gas 2nd Bidding Round for October 2018. If successful in its bid Sonoro will have an interest ranging between 25% to 49% and will act as operator. Specific details about the new project and the Indonesian company will be provided if and when the Joint Cooperation is awarded the project or if and when Budong Budong is granted an extension of its term.


The Company also announces that Mr. Chris Atkinson, the current Chairman of the Company, will assume the role of interim CEO with the resignation of Mr. Richard Wadsworth from his position as CEO. Mr. Atkinson thanks Mr. Wadsworth for all his efforts over the past years in that role. Mr. Dean Callaway, current CFO will join the Board as a Director of the Company.


With regards to the Joint Cooperation, Mr. Atkinson commented "We are pleased to have the opportunity to become joint venture partners with one of Indonesia's most successful private investment groups which has had an impressive track record over their various business endeavors in Indonesia and is now seeking to repeat that success with Sonoro in the oil and gas sector. The Joint Cooperation relationship will allow Sonoro to actively pursue additional opportunities in Indonesia ultimately providing a more diversified portfolio of assets in a country I personally know extremely well"


The Company is continuing with the development of its Blockchain technology concept as well as its ongoing assessment of other international oil and gas production opportunities.


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 monitor 200 200  png

8020 Admin

11 months

8020 Admin posted a press release Sonoro Energy and Blox Labs Commence Development of Procurement, Tendering and Contracts Module for PetroBLOX - Smart Contracts Ledger For The Oil and Gas Industry in SONORO ENERGY

(via TheNewswire)


Calgary, Albertaand Toronto, Ontario / TheNewswire / July 16, 2018 - Sonoro Energy Ltd. ("SNV") (TSX-V: SNV) (Frankfurt: FDZN) (OTC: SNVFF), is pleased to announce that in partnership withBlox Labs Inc. ("BLOX") (CSE: BLOX) (Frankfurt: BR1B),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 the creation of a Blockchain module pertaining to the "Procurement, Tendering and Contracts" aspect of the oil and gas ecosystem. This process is a vitally important aspect of the oil and gas supply chain. International oil and gas contracts, whether production sharing, on a technical services basis or other, typically requires transparent, competitive tendering process for the procurement of materials, equipment and services. Without such processes international oil companies are unable to recover their costs, face penalties or increase their costs. This system would be transparent and auditable by the issuing organization and their partners. It would also streamline the procurement process for all parties involved, allowing collaboration and efficiency. The prudent use of Blockchain and Decentralized Applications offers a potential solution to the challenges that are faced with governments and partners in the procurement of such services, materials and equipment, Requests for Quotation, service bids, and other ancillary products and inputs that are used in day-to-day operations. Many of the status quo processes that are utilized within the industry are archaic and could benefit greatly from the emerging trends in Blockchain technology.


"Sonoro Energy is providing invaluable input and insight into the real world issues that plague oil companies as they operate in complex and dynamic domains", stated Jeff Zanini, President and CEO of BLOX. He continued, "This knowledge will greatly assist in the software build-out of PetroBLOX as we aim to enhance transparency and ultimately benefit the supply chain flow in order to increase efficiencies in an industry which is largely still reliant on manual processes. The development of a Procurement module will be a key piece to this overall puzzle."


About Sonoro Energy


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


For further information please contact:


Dean Callaway


+1.403.262.3252


info@sonoroenergy.com 


www.sonoroenergy.com


About Blox Labs


Blox Labs Inc. is a technology development company focused on creating best-in-class software solutions driven by emerging trends in Blockchain, Smart Contracts and Decentralized Applications. BLOX is helping customers with solutions for business problems from proofs of concept through execution. The Company is currently piloting blockchain solutions for supply chain management and improvement as well as other areas. BLOX is actively targeting partnerships and strategic acquisitions of growth companies.


Blox Labs Inc.


Jeff Zanini, CEO and Director


Phone: +1.416.262.0871


Email: ir@bloxlabs.ca


Website: www.bloxlabs.ca


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.


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 8020 monitor 200 200  png

8020 Admin

11 months

8020 Admin posted a press release Sonoro Energy provides update on operations in SONORO ENERGY

July 9, 2018 / TheNewswire / Calgary, Alberta - Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) announces that the Ministry of Energy in Indonesia has declined its second request for an extension of the Budong Budong Production Sharing Contract ("PSC") 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 to the Ministry.


In March 2018, and as previously reported, Sonoro received notice through its subsidiary companies, Stockbridge Oil and Gas Ltd. BVI and Stockbridge Budong Budong BV ("Stockbridge") that its PSC had not been extended. Since that time, Sonoro has been working with SKKMIGAS to develop a new proposal for submission to the Ministry of Energy. The second request for an extension was made on the suggestion by the Ministry of Energy to the Company after meetings in Jakarta in March. Approximately one month ago Sonoro through SKKMIGAS submitted the second request for extension to the Ministry of Energy based on the proposal it developed. This proposal and request for extension has been rejected/declined by the Ministry of Energy.


The Concession is located onshore West Sulawesi. The Company commenced drilling the LG-1 Updip appraisal well in October 2017 with operations continuing for approximately 50 days. In November 2017, the Company as approved by SKKMIGAS, cased the well without completing a flow test which was a result of dangerous gas kicks on site and unstable sand formations. The intention was to return to the wellsite in the future to complete the tests. Continuation of the PSC was subject to renewal on January 15, 2018 by the Ministry of Energy of Indonesia.


The Company will continue to pursue all avenues to obtain extension of the Budong Budong PSC and will provide updates as warranted.


The Company continues with the development of its Blockchain technology concept as well as its ongoing assessment of international oil and gas production opportunities.


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.


For further information please contact:


Sonoro Energy Ltd.


+1.403.262.3252


www.sonoroenergy.com


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

!

8020 Admin posted a press release Blox Labs and Sonoro Energy To Develop Blockchain-Based Smart Contracts Ledger For The Oil and Gas Industry in SONORO ENERGY

Calgary, Alberta and Toronto, Ontario / TheNewswire / May 16, 2018 - Sonoro Energy Ltd. ("SNV") (TSXV: SNV) (Frankfurt: FDZN) (OTC: SNVFF) is pleased to announce that, in partnership with Blox Labs Inc. ("BLOX") (CSE: BLOX) (Frankfurt: BR1B), 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 increase the level of transparency in the global Exploration and Production ("E&P") space. With applications to both the upstream and downstream verticals of the oil and gas sector, PetroBLOX will endeavor to assist and ease bottlenecks ranging from permitting, planning, procurement, to rig mobilization and de-mobilization, all the way through to end-product commodity trading. Phase 1 development of PetroBLOX has begun and will include, among other things, refining project scope and modeling itemization, an environmental scan of the E&P industry status quo, PetroBLOX branding, and the completion of a Blockchain Whitepaper.


"BLOX is pleased to have entered into this partnership with Sonoro Energy whereby their expertise in the various facets of the oil and gas sector will bring valuable input to the development of PetroBLOX", stated Jeff Zanini, President & CEO of BLOX. "Our Ethereum backed smart contract platform will greatly benefit the supply chain flow and increase efficiencies to an industry which is largely still reliant on manual processes. Our clients vision of digitization and enabling immutable record keeping is visionary in this space, and we are pleased to partner with Sonoro Energy on this project".


Chris Atkinson, Chairman of Sonoro Energy stated "We are excited to be entering into a partnership with BLOX, that possesses and brings valuable information and expertise in Block Chain technology. This is a strategic move for Sonoro that will further enable and enhance our operational leverage in executing projects in SE Asia".


The Company also announces the resignation of David Robinson from the Board of Directors. The Company thanks Mr. Robinson for his valued contributions to Sonoro in the past and wishes him the best with his future endeavors.


About Sonoro Energy


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


For further information please contact:


Dean Callaway


+1.403.262.3252


info@sonoroenergy.com


www.sonoroenergy.com


About Blox Labs


Blox Labs Inc. is a technology development company focused on creating best-in-class software solutions driven by emerging trends in Blockchain, Smart Contracts and Decentralized Applications. BLOX is helping customers with solutions for business problems from proofs of concept through execution. The Company is currently piloting blockchain solutions for supply chain management and improvement as well as other areas. BLOX is actively targeting partnerships and strategic acquisitions of growth companies.


Blox Labs Inc.


Jeff Zanini, CEO and Director


Phone: +1.416.262.0871


Email: ir@bloxlabs.ca


Website: www.bloxlabs.ca


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.


Forward-Looking Information


This news release includes forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including future plans for development of technologies by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

!

8020 Admin posted a press release Sonoro Energy Provides Update on Operations in SONORO ENERGY

May 1, 2018 / TheNewswire / Calgary, Alberta -Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV: SNV) 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 extension from the Ministry of Energy. SKKMIGAS has stated that they will present and support this request to the Ministry of Energy which is currently in progress. The Minister of Energy will provide their response thereafter. It is emphasized there can be no guarantee that the Minister of Energy will provide their consent.


The Company has granted 3,500,000 stock options to Directors, Management, employees and consultants exercisable at $0.055 per share over a 5 year term in accordance with the company stock option plan. The terms and conditions of the grant are subject to the approval of the TSX Venture Exchange.


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 default profile

Vignes Sangarapillai posted an update in SONORO ENERGY

1 year

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

!
Thumb photo

HOV posted an update in SONORO ENERGY

1 year

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

!

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

Please let us know what is in progress
Thanks

!
Thumb 8020 monitor 200 200  png

8020 Admin posted an update in SONORO ENERGY

1 year

We have adjusted the Admin statement to reduce any confusion for the investors in this group.

!