- CEO
- Sara Akbar
- Full Time Employees
- 22
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 520-5th Avenue SW Calgary AB Canada T2P 3R7
- IPO Date
- Feb 14, 2013
- Business
- Sonoro Energy Ltd. (TSX-V: SNV) explores for, appraises, develops, and produces oil and gas resources in Canada and internationally, with operations focused on the Western Canadian Sedimentary Basin and expansion into the Middle East/North Africa (MENA) region, including Iraq; it applies innovative multilateral horizontal well technology, Cold Heavy Oil Production with Sand (CHOPS) processes, and advanced field development techniques to underdeveloped oil fields and producing assets. The company holds interests in the Waseca Formation Wells near Kerrobert, Saskatchewan, where it drilled its first multilateral horizontal well (14-29-32-23 W3) with four horizontal legs totaling 1,600 meters in December 2023, commenced production in January 2024, achieved first oil sales in February 2024, and boosted output by over 30% via a June 2024 pump workover; it also pursues producing assets and licensing opportunities in Iraq through strategic partnerships. Founded in 2000 and headquartered in Calgary, Alberta, Sonoro Energy, formerly Sonic Technology Solutions Inc. until its July 2010 name change, targets significant production increases in heavy oil plays and international bid rounds. Recent developments include Heads of Agreement signings on November 20 and 25, 2024, with TransAtlantic Petroleum LLC and IPR Energy Group, respectively, to evaluate and acquire producing assets and undeveloped fields in Iraq via government bid rounds or direct negotiations; a June 2024 MOU to acquire 20% interest in a MENA company; an October 2024 farm-in agreement in Alberta; April 2025 drilling preparations for an Alberta well funded by warrant exercises; April 2025 debt conversion and settlement; and a July 2024 appointment of a new Chief Executive Officer.