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Sonde Resources Corp SOQDQ

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.


GREY:SOQDQ - Post by User

Post by kelsat01on Dec 22, 2010 1:29pm
402 Views
Post# 17883425

To bad this was badly mismanaged

To bad this was badly mismanagedTo think they had control of this gas find and gave it all away during bankruptcy protection dealings.  Probably 4 plus TCF and a controlling interest became a minority controlled interest.
Then when BP fumbled they could have gained full control, by buying it from them cheap, as they are now liquidating assets due to the gulf spill. 
They now sell what is left for less that what they bought it for from their now defunct sister company.  
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