Reported Earnings • May 29
First quarter 2026 earnings released: EPS: CA$0 (vs CA$0.001 loss in 1Q 2025) First quarter 2026 results: EPS: CA$0 (improved from CA$0.001 loss in 1Q 2025). Net income: CA$85.5k (up CA$335.5k from 1Q 2025). Board Change • May 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Henry Legarre was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Aug 22
Sonoro Energy Ltd. Secures Rig to Commence Drilling on the Countess Well in Alberta Sonoro Energy Ltd. announced that it has secured a drilling rig for its Countess Well in Alberta. The Star Valley Drilling Rig 102 will be mobilized to the drill site with rigging up prior to the end of the week. All pre-site preparation has been completed. The well will target Mississippian-aged carbonate formations at an estimated depth of approximately 3,500 feet. Drilling operations are expected to commence by or before August 21 and take approximately one week to reach total depth. Rig 102 is a Super Single trailer style rig that allows for swift transport to rig sites and simplistic rigging up. The rig is a 680 horsepower rig that is outfitted with a 5,000 psi circulating system. The Countess well is located at 04-15-19-15 W4, approximately 10 kilometers west of Brooks, Alberta. Sonoro is the Operator of the well and holds a 100% working interest in the project. By drilling the Countess well, Sonoro will earn a 100% interest in 3.5 sections of prospective leases currently held by Badlands Resources. Duyuru • Jun 02
Sonoro Energy Ltd., Annual General Meeting, Jul 14, 2025 Sonoro Energy Ltd., Annual General Meeting, Jul 14, 2025. Location: alberta, calgary Canada Duyuru • Mar 19
Sonoro Energy Ltd., Annual General Meeting, May 21, 2024 Sonoro Energy Ltd., Annual General Meeting, May 21, 2024. Duyuru • Jan 12
Sonoro Energy Ltd. Commences First Production from 14-29-32-23 W3 Sonoro Energy Ltd. announced the commencement of production and positive results at its recently drilled 14-29- 32-23 W3 well. The multilateral horizontal well was run on production at 19:00 on January 10 and over an 11 hour period has produced at an equivalent rate of 178 bbl/d of fluid. The well is currently producing at this rate with a strong volume of casing gas and abundant fluid level in the well. Field staff are attending to the well hourly and the well is being remotely monitored with a SCADA system that was installed during completion operations. The pump was started at the lowest speed corresponding to the fluid rate currently observed. The Company is in the process of taking initial samples to determine the oil percentage of the produced fluids. Sonoro plans to optimize production rates by methodically increasing pump speeds and drawing down the fluid level as aim to achieve the total production rates previously stated. Based on these initial results, Sonoro's expectations remain the same in terms of timing for clean up and optimized production rates. Duyuru • Dec 23
Sonoro Energy Ltd. Provides Drilling Update with Completion of Four Multi-Lateral Horizontal Kilings with Approximately 1,600 Meters of Horizontal Section Sonoro Energy Ltd. provided an update for the drilling of 14-29-32-23 W3 well in Saskatchewan, whereby it has finished the drilling portion of its first Waseca multi-lateral horizontal well with 4 horizontal legs for a total lateral length of approximately 1,600 meters. The Waseca formation was encountered structurally as expected and during the drilling of the four lateral sections, each lateral encountered clean sands with strong oil shows at surface and in abundance on the chip samples recovered. The first of two slotted liners has been successfully set. A second liner is expected to be run in the next 24 hours demonstrating a new technology to place multiple slotted liners into two separate legs of a multilateral horizontal well. The ability to hang slotted liners into multiple horizontal legs within one well can provide the ability to achieve step rate increases in production rate and recoverable reserves. Sonoro anticipates the rig release of this horizontal well on December 22, 2023 and has initiated the planning for completing, procuring, and equipping this horizontal well. It is anticipated that with the holidays and lead time for equipment and a completion rig, the well will be brought on production in the second half of January with oil sales to occur shortly thereafter. Sonoro is simultaneously in the process of planning to drill it's next multilateral horizontal well with the inclusion of multiple lined horizontal and lined sections into its design plan. Duyuru • Dec 13
Sonoro Energy Ltd. Spuds Multilateral Horizontal in Saskatchewan Sonoro Energy Ltd. announced that it has spud the 14-29-32-23 well near Kerrobert, Saskatchewan, The well is planned as a multi-lateral well to be drilled on a structural high, targeting Waseca sands and extending up to 700 m from the intermediate casing point. Sonoro is deploying Rig 184SS, a super single rig operated by Precision Drilling. The well is intended to reach targets within two weeks. Duyuru • Dec 02
Sonoro Energy Ltd. Announces Schedule for Multilateral Horizontal in Saskatchewan Sonoro Energy Ltd. announced that the next well on the Kerrobert, Saskatchewan project is planned to be spud in mid-December 2023. The well will be a multi-lateral well located approximately 1.5 km away from the recently drilled vertical well, with 4 lateral legs, targeting Waseca sands structurally higher and extending up to 700 m from the intermediate casing point. The final well design is complete with operational plans in place, which include the interpretation of 3D seismic, final licensing of the well and site preparations to commence shortly to meet the anticipated spud date. Duyuru • Nov 18
Sonoro Energy Ltd. Commences Drilling First Well Sonoro Energy Ltd. announced that it has commenced drilling the 11-30-32-23W3 well in Kerrobert, Saskatchewan. The vertical development well is currently being drilled to a planned total depth of approximately 900 metres. The well is targeting the Wascana channel sand, which has been extensively delineated in this area. This is the same channel sand in which lies Baytex's Kerrobert field that is producing over 1,800 bbls/d and directly offsets three Baytex wells that have produced over 252,000 barrels of oil. The well presents a low-risk step-out location that can be immediately brought into production. Completion operations are expected to commence immediately after rig release with subsequent oil sales occurring shortly afterwards. Sonoro is also in the process of preparing the second location, which would represent it's first multileg horizontal well and expects to license this well once surface land is acquired. The Company will make further announcements as appropriate. Duyuru • Aug 26
Sonoro Energy Ltd. announced that it expects to receive CAD 1.9998 million in funding Sonoro Energy Ltd. announced a non-brokered private placement of 33,330,000 units at a price of CAD 0.06 per unit for the gross proceeds of 1,999,800 on August 25, 2023. Each unit consists of one common share and one common share purchase warrant. Each whole Warrant entitles the holder to purchase one common share within two years at an exercise price of CAD 0.12 per common share. Closing of the offering is also subject to NEX and TSX Venture final acceptance. The offering is expected to close on or about September 1, 2023. Duyuru • Jul 21
Sonoro Energy Ltd., Annual General Meeting, Sep 22, 2023 Sonoro Energy Ltd., Annual General Meeting, Sep 22, 2023. Duyuru • Jun 23
Sonoro Energy Ltd. Announces Board Changes Sonoro Energy Ltd. announced that Sara Akbar and Henry Legarre have agreed to join the Board of Directors of Sonoro Energy Ltd, subject to final TSXV exchange approval. Sara has over 30 years of experience leading and building oil and gas companies, services and projects in the Middle East and North Africa. Sara is currently the Chairman and CEO of Oil Serv Kuwait, a leading integrated oilfield services company in the Middle East and North Africa region. Sara is an independent non-executive Board member of Petrofac since 2018, a leading engineering and services provider in energy internationally. She is the Chairperson of the Advisory Board of the business school at the American University of Kuwait, a prior member of the Kuwait Supreme Council for Planning and Development and a former member of the Board of Trustees of Kuwaits Silk Territory project. Sara also serves on the board of directors of the merchant fund established by ICC. Previously, Sara was a Chief Executive Officer of Kuwait Energy KSC, which she co-founded in 2005 to leverage the opportunity for an independent oil and gas company in the Middle East, North Africa and Eurasia regions. Sarah holds a BSc in Chemical Engineering. Henry has over 30 years of experience in the oil and gas sector. Henry has a unique and wide blend of technical, operational, business development, strategic planning, and executive management experience. Seed stage startup to multi-billion-dollar company leadership, technology development and implementation with emphasis in modeling and Heavy Oil. Currently Henry is with Trindade Reservoir Services Inc. where he is part of the executive team developing a new clean energy from oil process, combining EOR and geothermal process in mature fields to increase recovery and creating net zero electricity with no CO2 emissions. Henry is COO and VP of Operations for Quantum Reservoir Impact in Houston (QRI) where QRI brings value creation to its clients through the development of AI &Machine Learning driven technologies. Previously Henry was the COO &MD for Oryx Petroleum Services and Addax Petroleum Services from 2007-2015 where he was responsible for the exploration to development and operations of several fields in Iraq, Nigeria, and the Republic of the Congo. Henry started his career with Chevron from 1990 in Bakersfield, California working on heavy oilfields which led him with Chevron to Nigeria, Angola, Kuwait, Bahrain, Saudi Arabia, South America and numerous other countries worldwide. Henry holds a MSc and BSc in Geological Sciences. The company also announced that Bill Marpe has resigned from the Board of Directors, however, will continue to provide advisory services to the Company as it pursues international opportunities. The Company thanks Bill for his services and support as part of management team in Indonesia and on the Board of Directors for the past eight years. Duyuru • May 26
Sonoro Energy Ltd. announced that it has received CAD 0.49995 million in funding On May 25, 2023, Sonoro Energy Ltd. closed the transaction. Duyuru • Feb 16
Sonoro Energy Ltd. to Transfer Listing from Tier 2 to NEX In accordance with TSX Venture Policy 2.5, the Sonoro Energy Ltd. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on February 16, 2023, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). CFO & Director Michael Callaway was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Director David Winter was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
