Sonoro Energy Ltd (SNV)

[MHT]

Share Price over the Summer

I have no idea where the share price is going to go over the summer. I'm expecting the following news releases over the next couple of months:

June: Awarding of the drilling contracts
July: Contruction of the oil wells begin


August is a write-off due to Ramadan. Spudding of the well will only take 11 days (they are only going down 200-300 meters). As such, I believe the stock price will rise significantly in August as we get closer to the date of the first well being spudded.

The share price should increase when the above news items are released. It will show that they are on track with Iraq becoming a reality.


P.S. The seismic data that they acquired from a third party is the equivalent of one year's work & worth $20 Million.