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."
About Sonoro
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.
