Sonoro Energy Ltd (SNV)

[InterestedParty99]

Thanks for the challenge, SimplyTheFacts.

We have seen this type of activity in the past.  On March 30th, 2010 they increased the amount of their pp because the interest was there.  I think the interest in this pp surprised them.  I am positive they can create a plan with funds available, but what MHT posted I believed this pp was simply to bridge the gap until a loan was secured.   I don't believe the went into the pp expecting this much interest.

I agree with your point that they won't be, "aimlessly poking holes in the Iraqi desert.".  They have hired the right people to increase the odds of success and i'm sure they are developing a plan.  In addition, they have access to areas known to produce.

My point was banks don't hand out loans to oil companies that don't produce oil.  IMO the next 6 months will determine the success of the company.

I'm still long... At least for the next 6 months. ;)