Budong Budong Project Drilling Rig, Associated Equipment Ready For Transportation

Sonoro Energy Ltd. (“Sonoro” or “the Company”) is pleased to report that the drilling rig and all associated services and equipment for its Budong Budong LG-1 Up-dip well in Indonesia have been scheduled to be transported by sea during the week of July 24, 2017.

The drilling rig contracted from PT Pontil, a subsidiary of Major Drilling Group International, has passed the latest stage of certifications, including completion of function and load tests, with final structural certification to be carried out in the next few days. Logistics of moving the drilling rig, along with associated equipment and services, have been finalized with an Indonesian transportation company. Transportation of the rig and equipment from Balikpapan to the province of West Sulawesi, across the Makassar Strait, is expected to take about two days.

“We are extremely pleased with the responsiveness and the performance of our local Indonesian service providers. They continue to meet our schedule, and have remained prepared for mobilization,” says Sonoro Chief Executive Officer and Director Richard Wadsworth.

Sonoro has also organized the port-to-port transportation of all other services and equipment from Java to West Sulawesi, which will also begin the week of July 24.

All other project deliverables remain on schedule, and Sonoro expects spudding of the LG-1 Up-dip well to begin in early August 2017.

“With the final elements of the services being organized, and rig certification almost complete, we’re excited to be entering into the next phase of mobilizing to West Sulawesi, in order to start drilling in early August,” says Mr. Wadsworth.

About Sonoro Energy
Sonoro Energy is an international oil and gas resource exploration and development company with a focus on Southeast Asia and its onshore Budong Budong production sharing contract in Sulawesi, Indonesia. The Company has commenced planning for a one to two well appraisal drilling program on the Budong Budong license offsetting the LG-1 well. For more information, visit www.sonoroenergy.com.