Proactive Investors - Run By Investors For Investors

Sonorex Oil & Gas seeking £2.3mln to drill 'highly prospective' Bristol Channel Basin

Sonorex Oil & Gas Ltd managing director David Barker and consultant John Elsden tell Proactive Investors that the exploration company is now looking to raise £2.3 million in order to drill in the Bristol Channel Basin, onshore in South Wales.

Licenses to do so have been obtained, although it is unlikely many more will be granted by the government given the global movement towards renewable energy sources and away from hydrocarbons.  

The pair explain that it is a conventional oil & gas play which will require straightforward vertical drilling of about 4000 feet to investigate. The investment is EIS compliant.

Meet Yellow Cake PLC, Avation PLC, Manolete Partners PLC and Crossword Cybersecurity Plc at our event, London , 05 September 2019. Register here »
View full SONOG profile View Profile

Sonorex Oil & Gas Ltd Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use