Sonde
Resources corporation engages within the discovery, purchase, growth, and
production of fossil oil and fossil fuel properties in western North American
nation and geographic region. Its principal properties embody assets in
Drumheller, Kaybob/Windfall, and Edge Lake/Eagleshamareas set in the Western
North American nation, offshore island
and Tobago, Republic of Tunisia and African nation in a geographic region. The corporation
was supported on March twenty one, 1983 and is headquartered in the city center,
North America.
Sonde
Resources C (AMEX:SOQ) is incredibly active nowadays and listed between $1.28 -
1.79 with total listed volume of 277755 shares. At a current worth of 1.70, SOQ
is +0.37 - +27.82% from the previous shut off $1.33. Moreover, At Current
value, SOQ is in the distance of +62.27% from its 50-day Moving Average worth
of $1.0476 and +47.43% from its 200-day Moving Average worth of $1.1531.
Sonde
Resources have farmed out 66.67% of its interest within the Joint Oil Block to
Scandinavian Energy geographic region restricted, a non-public company.
Scandinavian can pay Sonde in total a $3M non-refundable signature bonus;
Scandinavian can assume responsibility for the 3 well exploration commitment
underneath the terms of the EPSA and fund 100% of the Joint Oil Block share of
the Unit arrange of Development for the Zarat Field. The primary well, Fisal,
is to be trained in 2013 alongside the acquisition of unstable information
covering the Hadaf prospect; Sonde can receive 2 hundredth of the price
recovery and profit share revenue till Sonde recovers $70M. Once the payout of
all Scandinavian expenditures, the revenue is split 33.33% to Sonde and 66.67%
to Viking; Sonde retains the choice to fund its thirty three. 33% share of 2 of
the exploration wells.
