Sonoro Signal: Sonoro joins leading-edge oil and gas companies with latest technological advancement

By creating multilateral wells with multiple liners, proven junction tool technology ‘could open a lot of doors for us’ internationally, notes CEO Wadsworth

CALGARY, Canada (Jan. 9, 2024)—Heavy? Tight? Unconsolidated? Compartmentalized?

For any number of challenging reservoir conditions, Sonoro Energy believes it now has the key to unlock greater potential in heavy oil exploration and production.

Sonoro enjoys exclusive priority access to an innovative multilateral horizontal well technology, developed in collaboration with Modern Wellbore Solutions. With the recent successful execution of our 14-29-32-23 W3 horizontal well near Kerrobert, Saskatchewan, this advanced technology has now been proven to enable the installation of slotted liners at multiple junction points within a single well.

With multiple lined sections, this junction tool technology significantly improves access to larger reservoir sections and possibilities for enhanced recovery in the exploration and exploitation sector.

“Multilateral wells with multiple liners, using this proven junction tool technology, provide us a competitive advantage,” says Sonoro Chairman and Chief Executive Officer Richard Wadsworth. “Multiple horizontal wells can enhance production, and ultimately reserves recovery, versus typical vertical wells that may be less efficient.”

Developed and applied here in Canada, this junction tool technology is a potential game changer—and it positions Sonoro to leverage this competitive advantage both at home and, more importantly, abroad, where larger transformational opportunities await.

“Internationally, this could open a lot of doors for us, particularly in the Middle East and North Africa (MENA) region, where we have significant experience and are pursuing opportunities,” adds Wadsworth. “Hopefully we’ll be able to lock down one of these transformational opportunities where we can apply some of the technology and the learnings we have here in Western Canada.”

Traditionally, vertical well development has been preferred for Cold Heavy Oil Production with Sand (CHOPs)—since the unconsolidated nature of heavy oilsands prevents sand production in horizontal wells using a single liner, and typically results in about 40% less productivity compared to a vertical well.

Currently, industry is drilling multilateral horizontal wells with exotic multi-leg configurations, such as the “fishbone” and “pitchfork,” but typically in more consolidated sands—and without liners.

“Thanks to this technology, we believe we can achieve similar results in unconsolidated sands with multiple lined multilaterals, given that the larger slots in these liners are designed to allow some sand production and increase productivity,” says David Leung, Sonoro’s Chief Operations Officer.

“Thanks to this technology, we expect to enhance production rates, expand recoverable reserves, achieve significant cost savings, and reduce our carbon footprint,” he adds. “We believe this could also be applied for other enhanced oil recovery techniques in reservoirs where wellbore stability is an issue, and where multilaterals can benefit productivity and reserves recovery.”

Sonoro has begun final facility construction and completion preparations at the 14-29 well, with an eye to achieving heavy oil production and sales in the latter half of January 2024.

This advancement marks a new milestone in Sonoro’s ongoing strategy of deploying innovative technologies that provide long term competitive advantage, create significant value for our shareholders and stakeholders, and reduce our carbon footprint.

Sonoro Signal: Removing the ‘E’ from the E-and-P equation

Director and CFO Dean Callaway joins CEO.ca’s Mines and Money segment to talk Sonoro strategy at home and abroad

 

Dec. 6, 2023

It’s all about removing the risk from the risk-and-reward dynamic.

Sonoro Energy Director and Chief Financial Officer Dean Callaway joined CEO.ca this week on its Mines and Money interview segment to discuss Sonoro’s plan at home and abroad.

Sonoro’s new strategy and action plan, developed earlier this year, means “this isn’t going to be a swing-for-the-fences company. It’s not a do-or-die proposition,” said Callaway.

In the near term, “we’re focusing on proven oil reserves in Saskatchewan and Western Canada . . . to establish a stable cash flow base, and take the ‘E,’ the exploration aspect, out of our E-and-P equation,” he said.

After establishing that footing, Callaway says Sonoro’s prospects include an “extreme upside in the MENA (Middle East and North Africa) region, with projects we’re looking at right now. I’m very excited about 2024, and the upside for Sonoro.”

Watch the full CEO.ca interview here.

Sonoro Signal: Focused on ‘early production,’ opening doors globally

Chairman and CEO Richard Wadsworth joins the Market Herald Canada’s Capital Compass segment to talk Sonoro’s domestic and international ambitions

 

Nov. 29, 2023

“Transformational opportunities.”

That’s what Sonoro Energy is working hard to achieve—both in Canada, and abroad.

Sonoro chairman and CEO Richard Wadsworth recently joined the Market Herald Canada’s Capital Compass interview segment to chat about Sonoro’s focus on early production and cashflow goals at our Waseca channel target in Saskatchewan, honing our craft on multilateral horizontal drilling technology here at home, and taking that knowledge international to regions like the Middle East/North Africa.

“We want to show that we have production, we have success, we have technology that we can deploy, and we’re pursuing a number of opportunities in the MENA region that I think will fit very well with what we’re doing here,” said Richard.

Watch the full interview here, or read the transcript here.