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Thanks. It looks interesting. Hoping for improvement in Sonde whenever they actually get the T&T $$$. After that it will take quite a bit of time and $$$ to carry out the WC development. Libya conflict could get settled...or not. Dead money IMO for at least a year, maybe two, while they try to get WC production to a point they can actually show some earnings. Good stock here for those that enjoy frustration...LOL! Might see you over at LEI assuming Sonde gets a boost from the T&T $$$.
Have you looked at LEI? They say a large short position.
LOL...plenty of those to go around! I'm also in HDY and sometimes play ROYL.
Well lets hope for no more wrinkles.
Not adding, but getting the money for T&T will help. No resolution in Libya and it will take time to execute plans in WC, so I'm in no hurry with this one. Actually have a ways to go just to break even. I'm looking for an sp in the $4-$5 range once the problems with T&T and Libya are resolved. (But it seems with SNG/SOQ there's always a big fat wrinkle comes up and makes a mess of their progress!)
So have you been adding? Looks like we hit resistance and if/when we pullback i will add.
News that the T&T sale has been approved will provide for WC plans to go forward. Still have the problems in Libya, but ramping up activities/production in WC should provide a nice boost here.
The chart looks great and I wish I had more cash.
Well IMO we are headed MUCH HIGHER. The chart iis poised for a nice move up and looks like it is starting today.
Well looks like we set a bottom.
Well looks like we set a bottom.
Well looks like we set a bottom.
Thanks and maybe this can get the ball rolling. Maybe i will add more next week.
Interesting news.
Sonde Resources Corp. Announces Year End 2010 Financial and Operating Results
http://ih.advfn.com/p.php?pid=nmona&article=47025477&symbol=SOQ
Well looks like we set a bottom and hopefully on our way much higher.
News.
Sonde Resources Corp. Announces:
Date : 02/24/2011 @ 6:56PM
Source : MarketWire
Sonde Resources Corp. Announces:
Sonde Resources Corp. ("Sonde") (TSX: SOQ) (NYSE Amex: SOQ) announced today that it has completed definitive documentation and closed the previously announced sale of Liberty Natural Gas LLC (the "Company") which owns a 100% working interest in the Liberty Natural Gas LNG project (the "Project") to an entity related to West Face Capital Inc. (the "Purchaser"). The transaction closed on February 22, 2011.
Subsequent to Sonde's January 28, 2011 press release with respect to the proposed sale, the Office of the Governor for the State of New Jersey publicly issued a statement indicating that it would not approve a licence for the Project. In light of the increased uncertainty regarding the Project the terms of the transaction were renegotiated with the Purchaser agreeing to assume control over the Project's future. Pursuant to the sale, Sonde received a U.S.$1.0 million cash payment upon closing in respect of reimbursable expenses, and is entitled to receive deferred cash consideration of U.S.$12.5 million payable upon the Company's first successful gas delivery.
West Face Capital Inc. is a Toronto-based institutional investment manager with over $1.5 billion in assets under management.
In addition, Sonde has increased the maximum amount available under its credit facilities with National Bank of Canada by an additional $20 million (Cdn) in the form of development demand loan. This will assist Sonde in its continued drilling program in Western Canada.
Sonde Resources Corp. is a Calgary, Alberta; Canada based diversified global energy company engaged in the exploration and production of oil and natural gas. Its operations are located in Western Canada and North Africa. See Sonde Resources' website at www.sonderesources.com to review further detail on Sonde Resources' operations.
This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward -looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project" or similar words suggesting future outcomes or statements regarding an outlook. Such statements include, among others, those concerning the payment of any deferred cash consideration from the sale of the Project and future acquisition and development plans.
Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect, including obtaining required governmental approvals for the Project and risks affecting Sonde's ability to execute projects. Additional assumptions and risks are set out in detail in the Company's Annual Information Form, available on SEDAR at www.sedar.com, and the Company's annual reports on Form 40-F or Form 20-F on file with the U.S. Securities and Exchange Commission.
Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company's securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release is as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information except as required by law.
Contacts:
Sonde Resources Corp.
Investor Relations
(403) 294-1411
(403) 216-2374 (FAX)
Sonde Resources Corp.
Suite 3200, 500 - 4th Avenue S.W.
Calgary, Alberta, Canada T2P 2V6
www.sonderesources.com
http://ih.advfn.com/p.php?pid=nmona&article=46618607&symbol=SOQ
Maybe we take the High of 4.54 today but if not any day now and looks great lets see 6 50 and moreeeeeeeeeeee.
Well another good day and hopefully that 6 50 soon and more. Is anyone else here?
YES and I think we pop big this week and set new highs and then continue to set new highs. The chart looks great and news should send us up to that 6 50 you posted soon but I expect much more over the next few months.
Looks like it is holding ground.
SOQ looks great today and hopefully up again tomorrow but with twice the volume. No sellers.
I added 5 at 4
That was a great repeort and I am convinced that the 6.50 level should be seen soon.
I am looking at trading half and holding the balance long term and hopefully SOQ pops with oil this week and contiues to appreciate this year.
Thanks. Looks like a pretty solid review and the target price is certainly doable over time. With asset sales, etc it doesn't seem dilution should be a problem. Key is ramping up WC (more oil, less gas)and getting continued good results from 7th November. Best results IMO to come >1yr out so will probably wait for retrace to low 3's (if it happens) before getting back into this.
What did you think of this? Good to see ya here.
http://www.sonderesources.com/wp-content/uploads/2011/01/PI-jan11-11_SOQ.pdf
Key with this will be the timeline for development. The core area
at Drumheller is year-round, but others are winter only and then require tie-in, so it can take awhile to see production benefit. Same with 7th November block. Sale of assets might be a shorter-term boost, but IMO this will then drift lower until substantially improved results from WC and details going forward for 7th November are released. But, it will be good to get out from under the 5c and Liberty fiascos! Could be wrong, but that's how I'm playing this.
Nice find and I may add more MOnday added LEI today
Sonde Resources Corp. Announces Sale of Liberty Natural Gas LLC and Update on Sale of Trinidad Assets
CALGARY, ALBERTA--(Marketwire - Jan. 28, 2011) - Sonde Resources Corp. ("Sonde") (TSX:SOQ) (NYSE Amex:SOQ) announced today that it has entered into a letter of intent providing for the sale of Liberty Natural Gas LLC (the "Company") which owns a 100% working interest in the Liberty Natural Gas LNG project. Under the proposed sale, Sonde will receive cash consideration of U.S.$7,320,000 upon closing, plus deferred cash consideration of $17,500,000 payable upon any subsequent change of control of the Company, or following the Company's first successful gas delivery. The proposed sale is subject to the execution of definitive documentation and government approvals which are expected within the next 60 days.
Sonde also further announced that the requisite waivers of rights of first refusal from applicable counterparties have been obtained in respect of the previously announced proposed disposition of Trinidad assets to Niko Resources Ltd. ("Niko"), subject to certain conditions. The proposed sale to Niko remains subject to approval from the Ministry of Energy and Energy Affairs for Trinidad and Tobago. Closing is expected to occur on or before February 28, 2011, subject to extension to facilitate obtaining all required approvals.
Jack Schanck, Sonde's President and CEO, said "We are pleased with the progress on both the Liberty project and our transaction in Trinidad. Closure on these projects will allow Sonde to continue to accelerate its investments in western Canada while we evaluate the next steps in Tunisia"
Well I have a little and I plan on adding more. I also think this could move much higher.
Not in SOQ at this point but noticed the board and will follow. Gradually getting past the old SNG mess and getting it's own identity. Pre split sp is still on the low side at about .80 so given assets and progress 7th November block, sale of 5c interest, etc has plenty of room for sp to appreciate. May drift lower so just going to watch for now. GLTA
Is any one adding on the pullback?
Thanks for the limks and I expect to add more and maybe we see more than 6.50. Good Luck
Read the stuff I posted yesterday. Looking better all the time. IMO
“The sale of Trinidad assets is part of a progression of strategic initiatives within Sonde to allow the Company to focus its business strategy, increase profitability and improve its balance sheet position”, said Jack Schanck, President and CEO of Sonde. “This sale will enable Sonde to refocus its efforts on its core, operated exploration and development opportunities in Western Canada and North Africa and will better position the Company for growth in production, cash flow and reserves over the next several years.”
http://www.sonderesources.com/2010/12/sonde-resources-corp-enters-into-agreement-to-sell-interest-in-block-5c-in-trinidad-and-tobago-and-articulates-future-business-strategy/
I am still trying to get my head around that R/S and name change and wondering if we still have any committments on that Trindad and Tobago property that was so effectively stolen from us a couple of years ago....I have been here since mid 2008 and have some catching up to do yet.....$6.50 looks good for now but I know they can do better just on the Libya holdings if management is up to par now....as I see it...
Paid
Good question. I am still getting a feel for what is going on and what will happen after Feb closing. Could get interesting.
Here is good read from site.
http://www.sonderesources.com/wp-content/uploads/2011/01/PritchardConferenceJanuary5-2011.pdf
Glad ro see the board and a few posts. I am in and the chart is a thing of beauty. I may add this week any tagets for SOQ?
Yep and our assets in that region. Thanks for posting, I would of missed that.
http://www.sonderesources.com/operations/international/tunisia-libya/
Tunisian President flees country amid sweeping protests
http://www.haaretz.com/news/international/tunisian-president-flees-country-amid-sweeping-protests-1.337068
Presidential dictator gone. This should be interesting to see how it affects the rest of the Arab world.
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____________________________________________________________________________________________________________________________________________________________________________
http://www.sonderesources.com/
__________________________________________________________________________________________________________________________________________________________________________
Sonde Resources Corp.
is an oil and gas exploration and production company based in Calgary, Alberta, Canada. Sonde Resources holds a global portfolio of high potential energy assets including producing oil and natural gas assets in Western Canada, offshore exploration properties in Trinidad/Tobago and Tunisia/Libya, and a liquefied natural gas (“LNG”) project in New Jersey.
Sonde’s shares trade on the TSX and AMEX under the symbol SOQ.
In the energy industry, a sonde (pronounced sawhnd) is the section of a logging tool that contains the measurement sensors used in formation evaluation. It assists with assessment of resources and with planning for the future. The name Sonde captures the dynamic nature of the Company’s ongoing testing and evaluating of its current and future assets, partnerships and direction. It represents a company with the vision and expertise to strategically develop assets and evaluate and plan for the future, and with a commitment to the corporate values of accountability, transparency and accessibility.
____________________________________________________________________________________________________________________________________________________________________________
Important Information
http://www.sonderesources.com/wp-content/uploads/2011/01/PritchardConferenceJanuary5-2011.pdf
http://www.sonderesources.com/wp-content/uploads/2010/05/Sonde-factsheet(web).pdf
____________________________________________________________________________________________________________________________________________________________________________
Announces Appointment of a New Director
Announces Year End 2010 Financial and Operating Results
Announces Shareholder Conference Call
________________________________________________________________________________________________________________________________________________________
_________________________________________________________________________________________________________________________________________________________________________
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