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.”