Mississauga, ON -- (SBWIRE) -- 09/22/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company Sonoro Energy Ltd. (TSX-Venture:SNV).
Once a powerful oil and gas OPEC component, things changed for Indonesia in the late 1990's, with investors souring on the Asian country because of regulations and production terms. The downturn hurt otherwise strong economic growth and sucked revenue from government coffers. In 2017, Indonesia is taking steps to try and make its energy sector more attractive to foreign investors, including revisions this month to the archipelago's energy rules, with reports officials are drafting new regulations with respect to tax incentives to further bring in investment.
With a booming economy growing at an attractive 5.0% annual rate, with projections for 5.2% in 2017, and a voracious energy appetite, Indonesia surely would like to get back to the days where oil output was near 1.7 million barrels per day as in the mid-1990's. To that point, they're working to revitalize the sector.
It's against this backdrop that management at Sonoro Energy Ltd. (TSX-Venture:SNV) sees an opportunity in Indonesia and is advancing its Budong Budong Production Sharing Contract (PSC) in Indonesia's province of West Sulawesi. The Calgary-based company is targeting this area specifically to revisit historical shallow successes of oil exploration where giant oil seeps are considered by some to be the biggest and best ever documented in Indonesia, yet remain largely untapped.
A complete SNV profile can be viewed at:
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Note AllPennyStocks.com has been compensated two thousand five hundred dollars from a third-party, Frontier Consulting, Ltd. for its efforts in presenting the SNV profile on its web site and distributing it to its database of subscribers as well as other services. A full disclaimer on SNV can be found at: http://www.allpennystocks.com/SpotLight/17/sonoro-energy-ltd-tsx-venturesnv.htm.