Sonoro Energy Ltd (SNV): More answers from SNV... Hi Dale:...

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SimplyTheFacts

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Thursday, 09/29/2011 2:53:56 PM

Thursday, September 29, 2011 2:53:56 PM

More answers from SNV...

Hi Dale:

I truly appreciate your prompt response. Three questions:

1- Why is it taking an eternity to sign a contract with a driller. Is it because SNV does not have the money to pay them for their work?

"No, our finances are not related to the signing of the drilling contract. The contractor is seeking confirmation of our permits and approvals. We have provided information and are working with the government to provide comfort."

2- Wouldn't it be better to drill one well, considering SNV's limited resources, get the stock price to rise, and provide better negotiations with the farm-in company?

"Drilling one well is an option. Our preferred option remains to be drilling three wells."

3- Are you currently in discussion with anyone regarding the farm-in, if yes, what stage are you in? Any info regarding the farm-in prospects would be greatly appreciated.

"Yes we are in farmout discussions. The status and parties are confidential and must remain so from a negotiating and securities law perspective."