Sonde Resources Corp SOQDQ

Energy Oil & Gas E&P

Sonde Resources Corp. (Sonde) is engaged in the exploration for, and acquisition, development and production of, petroleum and natural gas with operations in Western Canada and North Africa. On June 23, 2011, the Company sold its interests in Block 5(c) and the assumption of certain liabilities in respect of the MG Block through the Niko Sale Agreement. On September 23, 2011, the Company acquired a block of producing and non-producing assets in Drumheller from a third party, which includes the bulk of producing interests in the Mannville I oil pool. On January 1, 2012, the Company amalgamated Seeker Petroleum Ltd., Challenger Energy Corp. and Sonde Resources Trinidad and Tobago Ltd. into Sonde Resources Corp. On February 8, 2012, the Company completed the sale of 26,240 gross undeveloped acres (24,383 net acres) in its Kaybob Duvernay play in Alberta.

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Sonde Resources Corp > Selling Trinidad for 87 mil

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Comment by RockLobster1on Dec 22, 2010 12:09pm

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Post# 17882654

RE: Selling Trinidad for 87 mil

I think this is great news. I was wondering how much money they might need to raise for the non Cdn assets, now they have cash and less or no need for dilution at $3.
My thesis is that the Cdn assets are worth $3 a shares in their current state, so new development is all gravy with downside protection. The other one I like with this type of defense is WIX with news today, and for precious metals GRG.
good luck, I think this is an ignored sleeper and we just need to close over 3.40 to get moving.

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