Sonde Resources Corp (SOQ)

[4starman]

Funny :)

http://ih.advfn.com/exchanges/USOTC/SOQDF/trades?trade_set=recent

[4starman]

How ridiculous to go from .05 to .005. There is no way going from one exchange to another should have seen a drop like that. They screwed all their investors royally. I saw KIPS delist and they went from .21 to .19.

I am glad I only had small skin in this, but I feel bad for everyone - taking a 95% lost is just painful.

[4starman]

Yea not good. Wonder when it will start trading again?

[Meazy]

Sonde Resources Corp. Updates Liquidity Position

CALGARY, ALBERTA--(Marketwired - Nov 18, 2014) - Sonde Resources Corp. ("Sonde" or the "Company") (TSX VENTURE:SOQ)(NYSE MKT:SOQ) announced today that its capital resources have been significantly depleted since June 30, 2014 and, to date, its strategic alternatives process has not resulted in a transaction that would satisfy Sonde's significant financial commitments under the Exploration and Production Sharing Agreement ("EPSA") covering the Joint Oil Block. Refer to Sonde's Management's Discussion and Analysis for the three and six months ended June 30, 2014 ("Second Quarter MD&A") for a description of these material commitments.

As at November 17, 2014, cash and cash equivalents (excluding restricted cash) are estimated to be $0.3 million. Restricted cash secures a US$15 million letter of credit issued to Joint Oil to guarantee the Company's obligation to drill the Fisal-1 well by November 30, 2014 as well as a $0.2 million abandonment bond in Canada. The penalty for failure to drill the Fisal-1 well on or before November 30, 2014 would allow Joint Oil to draw US$15 million under the letter of credit to satisfy this penalty. Drilling of the Fisal-1 well has not commenced due to the Company's current liquidity position and it is Sonde's expectation that Joint Oil may draw upon the letter of credit in early December. Sonde has also provided a corporate guarantee of US$30 million to secure its commitment to drill two additional wells. Under the terms of the EPSA, the next well is required to be drilled by December 23, 2014 and the final well is required to be drilled by December 23, 2015. Failure to meet these commitments could result in a termination of the EPSA by Joint Oil. In addition to its work commitments under the EPSA, Sonde has commitments under its existing office leases which are further detailed in its Second Quarter MD&A and its net current assets less liabilities as at November 17, 2014 is estimated to be a negative $0.3 million.

The Company no longer generates cash flow from petroleum and natural gas sales and the Company no longer has a credit facility. As such, the Company must fund operations, including its commitments under the EPSA, from working capital, new financings, farm-outs or property dispositions. While discussions are ongoing, the Company's strategic alternatives process has not resulted in a transaction that would satisfy its significant financial commitments. There can be no assurance that the current strategic process will result in the sale of its interest or securing a partner, farm-out or other source of funding to meet the Company's financial obligations. There is a significant likelihood that the Company will exhaust its working capital prior to the execution of new financings, farm-outs or property dispositions.

Sonde's interim financial statements for the three and nine months ended September 30, 2014 and related disclosures ("Third Quarter Report") were due November 14, 2014 and the Company is presently unable to complete the preparation and filing of its Third Quarter Report. The Company's failure to file its Third Quarter Report will likely result in the issuance of a cease trade order by the Canadian securities regulatory authorities and could lead to a delisting of the Company's common shares from all stock exchanges.

[4starman]

Halt at the request of the company pending news.

http://www.heraldonline.com/2014/11/17/6535912/iiroc-trading-halt-soq.html

Hope it is good news. But could be notice of delisting.

[4starman]

Sorry, wrong board.

[4starman]

10 Q is out.

http://biz.yahoo.com/e/141105/ptie10-q.html

[Meazy]

Next Earnings date is expected on 11/06/2014

[Penny Roger$]

Probably a number most want to avoid. Usually something this beat up has huge short volume spikes. Will probably bounce here for a bit.

[Penny Roger$]

It's a lotto at this point. One of few that just got murdered by 2008 collapse.

[4starman]

Moved up to #2.


http://finviz.com/screener.ashx?v=111&f=sh_price_u1&o=price

Someone picked up 25000 shares at .06

[Penny Roger$]

How does this one even stay listed with AMEX? Chart I agree on. Very bottomed out here.

Makes #4 http://finviz.com/screener.ashx?v=111&f=sh_price_u1&o=price

[4starman]

I'll jump in on this one. Get in now while all is quiet. Company made some changes to executives and board. All prep done and supplies shipped to site. Drilling to start end of this year. Confidentiality agreements signed. Very little downside left from here. Just need to be patient and willing to tie up some funds for a while. I think this has the potential to be an 8-10 bagger in six months.

[Penny Roger$]

$SOQ ~ Looking pretty oversold here. Hard to pinpoint but now is as good as it gets imo.

[hillzman]

In @ .519 this morning. New corporate presentation. http://www.sonderesources.com/

[Penny Roger$]

$SOQ ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$SOQ has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
~ http://tinyurl.com/SAR-BUY ~







For a more in Depth study and DD profile, similar to the one contained in this link: ~ http://tinyurl.com/DDexample ~
Click the following link and type ticker or brief message asking me about the DD: ~ http://tinyurl.com/GET-THE-DD ~

What does the scan "Parabolic SAR Buy Signals" mean? Below is an image example and study link.
~ http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:parabolic_sar ~


To find other similar posts of "SOQ" utilize the links that follow.
Search MACDgyver's "Parabolic SAR Buy Signals" posts: ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=ParSarBuyScan ~
Search MACDgyver's posts for symbol "SOQ": ~ http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=251916&srchyr=2013&SearchStr=SOQ ~
Search Ihub for "SOQ" posts: ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=SOQ ~


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~ http://stockcharts.com/school/doku.php?id=chart_school ~


Also don't forget the Ihub Edu Channel.
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[hillzman]

News sinking in. Nice pop today, I'd love to see this get back over $1 again!

[hillzman]

Good news from SOQ today. Viking agreement completed with very good terms for SOQ.
http://www.sonderesources.com/2013/07/sonde-resources-corp-announces-the-signing-of-the-viking-farm-out-in-north-africa-and-provides-dial-in-information-for-its-second-quarter-2013-results/

[bdahl385]

No, No

[microcap4]

Yes

[microcap4]

Yes

[hillzman]

Could be getting pretty interesting for SOQ this year.
http://seekingalpha.com/article/1127881-spinoff-and-divestiture-watch-sonde-resources?source=yahoo

[triplet01]

cant believe the low volume on this stock
there PPS has gone up 100% in 3 months.
whats up with this? no interest why?
is this company a risk or worth a look?
checked the web site and listened to con call
sounds like they are real.
any thoughts?

[PennyBears]

SOQ looks like its poppin.

[glenn1919]

SOQ...weekly chart

http://finviz.com/quote.ashx?t=SOQ&ty=c&ta=0&p=w

[microcap4]

IMO BOTTOM IN and NEXT WEEK WILL BE GREAT

[microcap4]

Looks like we are close for a BIG MOVE SOON>

[microcap4]

Nice volume yesterday and IMO a new uptrend is starting.

[microcap4]

IMO the pullback is over and UP WE GO

[microcap4]

Where is everyone? I thought the way the oils and SOQ are acting investors would be all over this. IMO we are poised for another big run.

[microcap4]

Maybe this monthand the sooner the better.

[lightbeam]

Will be watching. Gotta break 3.34 IMO!

[microcap4]

Looks like we are breaking out like a lot of oils now how far and how long. I think we see 3.50 on this move and the hopefully the old highs.

[lightbeam]

Nice news!

[microcap4]

Nice action today and looks like we are just starting.

[microcap4]

Looks ready to break out above the 50 day M/A and IMO we will then be on our way. Maybe 2 55 tomorrow and 3 plus next week.

[microcap4]

Looks like the worst is over. Bighter days ahead.

[microcap4]

LOL I konw have been watching it too. I will say that IMO we have a bottom now and the chart looks ready for a new move higher and hopefully this time past the old highs.

[lightbeam]

Well they beat her to a pulp. Maybe we get some news soon.

[microcap4]

Look like we are about to break out and hopefully see a quick double.

[microcap4]

Is anyone else here? No sellers and the buying should continue today and break out above the 200 day M/A and IMMO next week we see the big move.

[microcap4]

Well we are reaching 3.25 and is anyone else here and buying? SOQ looks great and volume finally coming in.

[microcap4]

Well looks like we break the 50 day M/A today and hopefullt this week see 3.25 and maybe 3.80

[microcap4]

I agree omn fundamentals but technically we are very close to a break out and IMO that sends us first stop to 3.25ish and then back to the old highs. 3.80 and then 4.40. I dont think it will take long for the first 2 targets.

[hillzman]

Current market isn't helping (lol) but I see no fundamental reason this shouldn't be trading at least $3.50 given cash for WC development. Tunisia/Libya on hold and unless they plan on pursuing an acquisition I see no need for further share placements. WC plus cash easily exceeds market cap so IMO shares are heavily discounted. Key will be horizontal drilling results and continuing to increase oil production % of boepd.

[microcap4]

I agree and have been adding and hopefully we can continue that the break out from yesterday.

[hillzman]

Good news for SOQ. With T&T sale completed the plans for WC can get kicked into gear. Will be interesting to see what the horizontal wells are capable of. Next news maybe completion and testing results for the one they drilled 1st qtr?

[microcap4]

IMO we are startying

[microcap4]

IMO we have finished the pullback and head higher next week.,

[hillzman]

Nice report on the 7th November Block. Looks like it will be worth moving forward whenever the Libya conflict is resolved. Almost surprised there wasn't a better market reaction to the numbers since the oil and condensate estimates are encouraging.