I have never been fond of conference calls that come just before the weekend. Perhaps I am just superstitious but would prefer and Wed. or Thurs. conference call. Perhaps we will get some encouraging news but have stopped holding my breath with this one as they approach reports to the shareholders.
Earnings will be released in the morning and a Call at 3 pm est. FYI jack was not going to have a call but I am sure major holders wanted one. Jack is a hands on CEO he believes` in results and no oil was ever discovered on a Call. I agree with the call at this juncture because he took over in Dec. The majority of holders have not heard his vision for SOQ and it is needed IMO. Please post the correct information SOQ does not need an incorrect headline as posted please take note
from Investor village board and I agree : Here's some Sonde information that has come to my attention:
1) The Trinidad sale completion could be delayed for up to six months. Presumably this is largely due to the regime change recently experienced in Trinidad, the arrogance/incompetence of those who now have assumed power, and their desire to assert authority.
2) In Tunisia, no operations are planned for 2011, except for some seismic. The current Libyan situation does not prevent Sonde from developing the Tunisian side of the Oasis project and/or selling all or part of its Tunisian assets. Although the soon-to-be-released reserve report will not include anything from Tunisia, indications are that Sonde has in excess of 60 million barrels of gross recoverable "resources" in Tunisia.
3) Sonde's first horizontal well in the Drumheller Mannville I pool is underway. Within a month it should be completed and another similar well will be commenced thereafter. If there is success there, up to 50-70 follow-on drilling locations could be proved up.
4) In early 2Q, Sonde's industry partner at Kaybob will be releasing results on a well drilled on Sonde's land. In addition, results on 3 other Duvernay wells will be released.
All in all, this is very positive news and supports a back-up-the-truck recommendation made earlier when the stock was in the $3.10 or less area.