Sonoro Energy Ltd (SNV)

[InterestedParty99]

It does seem to be a very controlled sale, and early trading shows the stock continues to rise which is a good sign. If you are correct that SNV found another investor to "take them to a higher level" then great news for us.

So if we assume Richard is able to leverage his past relationship with Bankers Petroleum...
On Sonics website it said Richard grew the companies production from 500bpd to 6000bpd. Simple math says Sonic involvement with Bankers could represent ~$120,000/day before expenses (6000bpd * $20 differential between heavy and light oil in Europe).
How much Sonic could make from a deal like this all depends on what is negotiated with Bankers (and that $5 per barrel is an accurate estimate of the cost to upgrade), but it has the potential to represent significant cash flow to Sonic.

Do you have an idea of the size of market (bpd) that experience $20 differential between heavy and light oil? I'm curious about the potential size of this market.