Business
Sonoro Energy Update on Financing
(via TheNewswire) Calgary, Alberta / TheNewswire / March 14, 2018 - Sonoro Energy Ltd....
About this update from Sonoro Energy Ltd.
[{"type":"text","content":"Sonoro Energy Update on Financing(via TheNewswire)\n \n \nCalgary, Alberta / TheNewswire / March 14, 2018 - Sonoro Energy Ltd. (\"Sonoro\" or the \"Company\") (TSXV: SNV) announces that it has cancelled its previously announced non-brokered private placement (see press release of March 9, 2018). The financing has been cancelled due to the unexpected non-renewal of the Company's production sharing contract at Budong Budong in West Suliwesi, Indonesia. The Company has no further updates to provide on the Budong Budong project from that released on March 12, 2018 except that the Company will be meeting with government authorities in an attempt to restore the project. \n\n \n \nForward-looking Statements\n\n\n \nCertain 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 PSC.\n\n\n \nForward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals, changes in legislation including but not limited to income tax, environmental laws and regulatory matters, and ability to access sufficient capital from internal and external sources. Readers are cautioned that the foregoing list of factors is not exhaustive.\n\n\n \nReaders are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be inco...