Business
Sonoro Announces Contingent Resource Evaluation on Initial Prospect in North Salah ad Din, Iraq
Jul. 26, 2011 (Canada NewsWire Group) -- TSX Venture Exchange Symbol: SNV CALGARY, July 2...
About this update from Sonoro Energy Ltd.
[{"type":"text","content":"\n\n\n Jul. 26, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX Venture Exchange Symbol: SNV\n\n\nCALGARY, July 26, 2011 /CNW/ - Sonoro Energy Ltd. ("Sonoro" or "the Company") (TSX-V: SNV) is pleased\n to announce the findings of an independent contingent resource\n evaluation report that summarizes expected resource volumes on its\n initial prospect in Salah ad Din, within its license area in Iraq. The\n report highlights the probabilistic volumes of contingent resources\n within the North Salah ad Din prospect in Salah ad Din Province. The\n contingent resource evaluation covers only the Company's initial North\n Salah ad Din prospect and supplements the Company's previously\n announced prospective resource evaluation covering Sonoro's entire\n license area.\n\n\nThe report identifies approximately 1,233 million barrels (P50) of\n original asphalt (heavy oil) in place and contingent resources1 of approximately 141 million barrels (P50) 2, estimated on a recoverable asphalt (heavy oil) basis, specific only to\n the Company's initial prospect at North Salah ad Din, Iraq.  These\n values are cited as 100% gross working interest volumes and not on a\n revenue share basis in the absence of an economic evaluation. Sonoro\n holds a 70% working interest in the entire license, with Berkeley\n Petroleum Mesopotamia Asphalts Limited holding the remaining 30%.\n\n\n\n\n\n\n \n \n \n \n\nNotes\n\n\n\n \n \n \n \n\n(1)&#x...