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Sonde Resources Corp NEW Message Board

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  • Reply to

    Well gollleeee!

    by wright.tom64 Feb 2, 2015 6:37 PM

    It was fun (in a macabre and terrifying way) watching failure after failure and the reasons that went along with it. Everyone except the shareholders seemed to win on this one and its predecessor.

  • Reply to

    Well gollleeee!

    by wright.tom64 Feb 2, 2015 6:37 PM

    Well, SOQ is finally dead. I sure liked looking at the awesome geology and 4 wells that were drilled at TnT. They had 4 TCF in their hands and screwed up that deal big time. That is so sad. Regards.

  • Reply to

    Well gollleeee!

    by wright.tom64 Feb 2, 2015 6:37 PM

    I agree. So far I have come out well ahead on 1 small venture and had bankruptcies on two others with a third running on life support. I think PDS is going to be fine though.

  • Reply to

    Well gollleeee!

    by wright.tom64 Feb 2, 2015 6:37 PM

    Well Tom this was one expensive lesson for me.. poor direction on top of more poor direction. Good luck on others. I am staying away from these little guys from now on. (other than PDS)

  • Who'd a thunk they were going to go bankrupt?

  • Reply to

    Exclusivity contract

    by wright.tom64 Dec 17, 2014 10:22 AM

    Sonde is so much under that it is not even funny. Why is Toufic being paid 600K/year again?............"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. Sonde has provided a corporate guarantee of US$30 million to secure its commitment to drill these two additional wells. As previously disclosed, 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 its operations, including its commitments under the EPSA, from working capital, or property dispositions. As a result of this liquidity position, no steps have been taken to meet the drilling obligation in respect of the next well. Failure to meet these commitments could result in a termination of the EPSA by Joint Oil."............

  • Reply to

    Exclusivity contract

    by wright.tom64 Dec 17, 2014 10:22 AM

    Well it looks like it. Sonde pay the $15MM penalty and goes out of business, THEN sell Sonde North Afrika BV for $8MM :) Who is the buyer? Oil will not stay at $55/Barrel. Yes the Sonde shareholders are getting screwed.

  • What does that mean? That only Sonde shareholders get screwed?

  • Reply to

    RIP SOQ

    by blancodeeoblow Dec 12, 2014 2:01 PM

    The 3 Amigos did well millions ...

  • Reply to

    RIP SOQ

    by blancodeeoblow Dec 12, 2014 2:01 PM

    10-4 blanco. Rough ride for sure. I was looking at some field data on the net yesterday and I came across some BG data on the 3 discovery wells that SNG drilled at TnT. After they drilled the wells, I had calculated the reserves from maps that SNG supplied online. The reserves were around 3-4TCF for the 3 wells and any development wells. That is about the same number that BG has for the 3 wells as they are ready to put them into full production. BG was the JV farm-in partner with stiff lease terms, but BG drilled the down-dip well which had proved gas sands and a water contact in it, so well SNG drilled was a low risk updip well. To think that SNG had 70% of that deal, but #$%$ it away with the shell company that Noval created. 3-4 TCF is a lot of gas, plus the condensate that comes along with the natural gas, lperiod. That could have been and should have been the share holders payback for investing in SNG/SOQ. Mercy, that is really a bad deal for us. Regards to you all, this entire deal makes me sick as it does you.

  • Reply to

    RIP SOQ

    by blancodeeoblow Dec 12, 2014 2:01 PM

    Painful lessons learned indeed! No clink left in my clank.

  • Reply to

    RIP SOQ

    by blancodeeoblow Dec 12, 2014 2:01 PM

    Amen !

  • Reply to

    RIP SOQ

    by blancodeeoblow Dec 12, 2014 2:01 PM

    Message board still here and boy did you hit the nail on the head with your comments. News this morning may give some small ray of hope but I suspect any money they receive, if the deal is approved by Joint Oil, will only go to salaried of management. 15 million lost on the Nov non drill and another on the Dec. non drill. Only a new entity could do the Dec. 2015 drilling so we shall see. At the best, Sonde gets 8 million for its interest in North Africa.

  • Would doubling bring it up to a penny?

  • Yes, it is true, we have all predicted the demise of Sonde Resources for years,

    and while I cannot produce a truly fitting epitaph, I just had to post something - so what have we learned..

    never trust anyone with the name "Noval" - does it not say everything?? No Value,

    funny how he married a lady name Valerie (and I still pray for her soul)

    And when a new management team for any company with names like Schanks and Dirks - (which are common references to different kinds of knives) - expect them to slice and dice all the assets of a company while milking it all for their salaries.

    And whenever a company comes up with ANY plans for industrial development in New Jersey, just beware.

    and finally, when all hope seems to be abandoned, please understand that anyone with hopes to salvage any of our investments with a silly concept such as "Sonde - The Movie" - will likely never get enough support from Hollywood investors to get a script off the drawing board, much less into film production.While I appreciate all the help from posters from many years ago, I have failed to find any support for even a mini-series.

    gotta go, my trans-vaginal mesh has been bothering me lately, as well as my ongoing mesotheioma, and these are the only hopes I have for potential returns from any legal actions,

    and I doubt any will be forthcoming for all of the investors in SOQ.

    It will be interesting to see if this Yahooooo message board gets shut down - for all I know, it
    already is!

    Best to all of you, and your investing,

    BDO

SOQ
0.0540.0000(0.00%)Nov 14 4:00 PMEST

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