CALGARY, Canada (Sept. 13, 2023)—Sonoro Energy Ltd. ("Sonoro" or the "Company") (NEX: SNV.H, TSXV:SNV) is pleased to announce that the TSX Venture Exchange ("TSXV") has granted final approval for the Company's graduation from the NEX to the TSXV as a Tier 2 Oil and Gas Issuer as at September 15, 2023.
Effective at the opening on Friday September 15, 2023, the trading symbol for the Company will change from SNV.H to SNV.
Sonoro is pleased to also announce that Sonoro Energy Canada Ltd., a wholly owned subsidiary of Sonoro, expects to spud the second well within twenty days from the completion of the first well, which remains on target to be spud before September 30, 2023.
Furthermore, the second well is being evaluated to be designed as a multi-lateral horizontal well potentially providing improved economics and rates along with increased access to recoverable reserves and overall development of the resource. Further details will be announced once finalized.