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This press release is not to be disseminated in the United States Drilling operations were safely and successfully conducted on budget and the drilling rig has been released. The well did encounter oil shows in the Waseca and has been cased with thermal cement pending further review. The Company will evaluate the potential of a side track with a horizontal well to go up structure to the expected oil leg after we complete the multilateral horizontal well. Sonoro is continuing to prepare for the previously announced multilateral horizontal well, which is approximately 1.5 km away from the vertical well and extending a further 500 m laterally. The results from the 11-30 vertical well are independent of the expectations for the multilateral horizontal well. Forward-looking Statements Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may," "should," "anticipate," "expects," "estimates," "seeks" and similar expressions. In particular, without limiting the generality of the foregoing, this news release contains forward-looking information regarding the opportunities discussed. Forward-looking […]
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