TSX Venture Exchange Symbol: SNV
CALGARY, April 24, 2013 /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, 2012 on SEDAR. The financial statements and associated MD&A are available on SEDAR at www.sedar.com and on the Company's website at www.sonoroenergy.com and the NI 51-101 reports are available on SEDAR.
Sonoro is an international oil exploration and development company. Our current focus is a pure play on asphalt (heavy oil) resource exploration and development in Iraq. Sonoro has initiated the evaluation of resource opportunities under our asphalt license agreement in the Salah ad Din Province.
Sonoro plans to drill exploration wells in the NSD and Sherqad prospects in the Salah ad Din Province in the Republic of Iraq. An initial development program to develop NSD and Sherqad, and a further exploration program, including sub-surface data acquisition, in the Salah ad Din Province have been outlined and are planned to be executed following a successful NSD and Sherqad 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 Sherqad 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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