TSX Venture Exchange Symbol: SNV
CALGARY, Jan. 25, 2013 /CNW/ - Sonoro Energy Ltd. ("Sonoro" or "the Company") (TSX-V: SNV) announces that Mr. Brian Farrell has tendered his resignation and will be resigning from the Company's board of directors to focus on his other endeavors, effective today. Mr. Wadsworth commented: "On behalf of the Board I would like to thank Brian Farrell for his efforts and support over the past 3 ½ years. Brian has been an active and important contributor to the Company and its committees and we wish him every success in the future."
Sonoro is an international oil exploration and development company. Our current focus is on asphalt (heavy oil) resource exploration and development in Iraq. Sonoro has initiated the evaluation of resource opportunities under our Asphalt License in the Salah ad Din Province.
Sonoro plans to drill exploration wells on the North Salah ad Din ("NSD") and Sherqat prospects in the Salah ad Din Province in the Republic of Iraq. An initial program to develop NSD and Sherqat and a further exploration program, including extensive sub-surface data acquisition in the Salah ad Din Province, have been developed and are planned to be executed following the above exploration drilling program.
Forward Looking Information
This press release contains forward looking information, including but not limited to Sonoro's planned exploration at Sonoro's NSD and Sherqat prospects and exploration and development activities. The forward looking information is based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of resource estimates; the uncertainty associated with geological interpretations; the uncertainty of estimates and projections in relation to production, costs and expenses and health, safety and environmental risks), the risk of commodity price and foreign exchange rate fluctuations, risks associated with the implementation of new technology, risks associated with obtaining, maintaining and the timing of receipt of regulatory approvals, permits, and licenses, uncertainties relating to access to capital markets, in-country political risks and the risk of volatile global economic conditions.
Due to the risks, uncertainties and assumptions inherent in forward looking information, prospective investors in the Company's securities should not place undue reliance on forward looking information. Forward looking information contained in this press release is made as of the date hereof and are subject to change. The Company assumes no obligation to revise or update forward looking information to reflect new circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Sonoro Energy Ltd.
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