Exploring opportunities for proven oil and gas reserves in WCSB, internationally
After proving our chops in the Western Canadian Sedimentary Basin, we’re focused on taking our experience, our knowledge and our competitive advantage, through a proven innovative multilateral horizontal well technology, to the international stage in regions such as Middle East/North Africa (MENA).
On May 1, 2023, Sonoro Energy announced a new strategy and action plan to re-engage the company’s operations. Our strategy is focused on building a diversified portfolio of oil and gas resources through the evaluation, acquisition and development of proven assets.
In June 2023, we announced a farm-in agreement with partner Superb Operating Company for an exciting Canadian opportunity in the WCSB, where a proven heavy oil resource fairway and well productivity is well defined.
In December, Sonoro successfully drilled its first multilateral horizontal well on this Waseca channel fairway near Kerrobert, SK, with four horizontal legs and a total lateral length of about 1,600 meters.
The innovative multilateral horizontal well technology utilized in this well was developed in collaboration with Modern Wellbore Solutions—a strategic advancement now proven to enable the installation of slotted liners at multiple junction points within a single well, allowing for unparalleled access to multiple reservoir sections from one vertical well bore.
Production commenced in January 2024 via a Cold Heavy Oil Production with Sand (CHOPS) process typical of the area, and as of February, we made our first oil sales from the 14-29 well.
Says Sonoro CEO Richard Wadsworth: “We are enthusiastic to have this well placed on production (and) see an expected higher well productivity resulting from this reservoir, multilateral well strategy and technology.”
We’re also reviewing a number of opportunities internationally in the MENA region, southeast Asia and southeast Europe where energy transportation/corridors to Europe are well established.
About Sonoro Energy
Sonoro is a Toronto Venture Stock Exchange (“TSXV”) oil and gas publicly traded company (TSX-V:SNV.H) focused on oil and gas exploration and production in Canada and abroad, including the Middle East/North Africa (MENA) region, southeast Asia and southeast Europe.
Check it out: First oil at our 14-29 well near Kerrobert, SK
Capital Compass Interview: Chairman and CEO Richard Wadsworth
CEO.ca Mines and Money Interview: Director and CFO Dean Callaway
News
Feb. 29, 2024: Sonoro Energy reports first oil sales from Saskatchewan well
Feb. 5, 2024: Sonoro provides update on Saskatchewan operations, MENA development opportunities
Jan. 11, 2024: Sonoro Energy Ltd. commences first production from 14-29-32-23 W3
Dec. 15, 2023: Sonoro Energy provides update on Saskatchewan well