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
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.