Sonoro Energy Ltd. provided shareholders an update on the Selat Panjang project in Sumatra, Indonesia where it holds a 25% ownership position in the Selat Panjang Production Sharing Contract ("PSC"). After over two years of dis-engagement with its project partner, PT Sumatra Global
Energi ("SGE"), Sonoro was invited and attended a partner working session in Jakarta, Indonesia on June 17th. At the meetings, Sonoro and SGE signed a binding Memorandum of Understanding whereby Sonoro will commission and produce a detailed reserves report, compliant with 51-101 requirements and SGE will transfer a to be determined additional ownership position in the Selat Panjang PSC for a commiserate equity position in Sonoro. In addition, SGE, as project operator, have advised that they have initiated the work towards a series of workover and well interventions on three wells on the previously suspended Bakau field at Selat Panjang. The operations are scheduled to take place in the fourth quarter of 2022. These independent operations are not part of the committed Work Program established in 2019 under the PSC.