TSX Venture Exchange Symbol: SNV
CALGARY, April 30, 2012 /CNW/ - Sonoro Energy Ltd. ("Sonoro" or "the Company") (TSX-V: SNV) announces that it has filed its annual audited financial statements, related Management's Discussion and Analysis ("MD&A") and National Instrument ("NI") 51-101F1 and NI 51-101F3 reports for the year ended December 31, 2011 on SEDAR. The financial statements and associated MD&A are available on www.sedar.com and on the Company's website.
Sonoro is an international oil exploration and development company. Our current focus is resource exploration and development in Iraq. We have initiated the evaluation of resource opportunities within our asphalt (heavy oil) license agreement and are finalizing plans to drill our North Salah ad Din prospect. Sonoro is also pursuing the acquisition of conventional oil and gas exploration opportunities in the Salah ad Din Province in the Republic of Iraq.
Forward Looking Information
This press release contains forward looking information, including but not limited to planned exploration at Sonoro's North Salah ad Din prospect. 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.
For further information:
PRESIDENT & CEO