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Sonde Resources Corp. Message Board

  • twh714 twh714 Dec 29, 2012 4:57 PM Flag

    Viking Energy thoughts on the deal

    I really like VE and its partners plan to monetize the deal with its partners. SOQ will benefit with its remaining share with consistent cash flow:

    Conrad Clauson, Chairman of the Viking Group, indicated "that Viking Energy Group is very pleased to establish a long-term partnership with Sonde for the exploration and development of the Joint Oil Block. We look forward to working with our partners with the objective to develop liquid hydrocarbon resources contained in the Zarat field within the next two years using an FPSO vessel, followed by the monetization of the gas resources."

    "The Viking strategy for the Zarat field is to develop it through a two staged process, appraise and develop it with the objective to be able to convert the prospective resources into reserves and then tie in each future discovery into the same FPSO vessel as the one we believe should be used for the Zarat field development."

    "The development of the Zarat field will have strong operational synergies with the development of the Isis field located offshore Tunisia and also operated by the Viking Energy Group."

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0.190.00(-0.47%)Aug 28 4:00 PMEDT

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