SNV:CC - Sonoro comments on Trading Activity
(TheNewswire)
CALGARY, Canada – TheNewswire - October 19, 2022 - Sonoro Energy Ltd. (“Sonoro” or the“Company”) (TSSV:SNW) (OTC:SNVFF) wishes to confirm after inquiry by IRROC thatthe Company’s management and directors are unaware of any materialchange in the Company’s operations that would account for the recentincrease in market activity. Management can not comment on discussionsor ongoing business activity as there is no assurance that suchactivities will result in any outcome.
Sonoro is an international oil and gas resourceexploration and development company with a focus on Southeast Asia andin particular holds a 25% interest in a Production Sharing Contractcalled Selat Panjang on the island of Sumatra.
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
This news release may contain assumptions, estimates,and other forward-looking statements regarding future events. Suchforward-looking statements involve inherent risks and uncertaintiesand are subject to factors, many of which are beyond the Company'scontrol that may cause actual results or performance to differmaterially from those currently anticipated in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
1 403 262 3252
Forward-lookingStatements. Certaininformation in this press release constitute forward-lookingstatements under applicable securities law. Any statements that arecontained in this press release that are not statements of historicalfact may be deemed to be forward-looking statements. Forward-lookingstatements are often identified by terms such as "may,""should," "anticipate," "expects,""estimates,", "seeks" and similar expressions. Inparticular, without limiting the generality of the foregoing, thispress release contains forward-looking information regarding thepursuit of new opportunities in the region of the Budong Budong blockand Indonesia.
Forward-looking statementsnecessarily involve known and unknown risks, including, withoutlimitation, risks associated oil and gas exploration, development,exploitation, production, marketing and transportation, loss ofmarkets, volatility of commodity prices, currency fluctuations,imprecision of reserve estimates, environmental risks, competitionfrom other producers, inability to retain drilling rigs and otherservices, interpretation of drilling, coring, logging and well testingresults, delays resulting from or inability to obtain requiredregulatory approvals, inability to advance memorandums ofunderstanding and close definitive agreements, changes in legislationincluding but not limited to income tax, environmental laws andregulatory matters, and ability to access sufficient capital frominternal and external sources.
Readers are cautioned that theforegoing list of factors is not exhaustive. Readers are cautioned notto place undue reliance on forward-looking statements as there can beno assurance that the plans, intentions or expectations upon whichthey are placed will occur. Such information, although consideredreasonable by management at the time of preparation, may prove to beincorrect and actual results may differ materially from thoseanticipated. Forward-looking statements contained in this news releaseare expressly qualified by this cautionary statement.
Additional information on these andother factors that could affect Sonoro's operations or financialresults are included in Sonoro’s reports on file with Canadiansecurities regulatory authorities and may be accessed through the SEDAR website(www.sedar.com) or by contacting Sonoro. The forward lookingstatements contained in this news release are made as of the date ofthis news release, and Sonoro does not undertake any obligation toupdate publicly or to revise any of the included forward-lookingstatements, whether as a result of new information, future events orotherwise, except as expressly required by securities law.
Neither the TSXVenture Exchange nor its Regulation Service Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease .
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