CALGARY, Canada (May 31, 2024)—Sonoro Energy Ltd. ("Sonoro" or the "Company") (TSXV:SNV) announces that the Company is aware of the proposed sale by its farmin partner Superb Operating Company Ltd. (“Superb”) of certain oil interests located in Saskatchewan.
Further to its news release dated October 30, 2023, the Company and Superb are parties to a farmin agreement, as reinstated and amended (the “Agreement”), pursuant to which Sonoro has earned and may continue to earn a 70% interest in certain properties located within Saskatchewan’s Western Canadian Sedimentary Basin.
Sonoro is in the process of assessing the proposed divestiture and will pursue continued compliance with the terms of the Agreement. The Company will provide updates as and when warranted.