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.