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Sonde Resources Corp. Message Board

  • wright.tom64 wright.tom64 Jun 7, 2013 9:12 AM Flag

    Another extension with Viking on Joint oil agreement

    July 31st 2013 is the new deadline with no guarantee it will work out. Given the recent price action in the shares, I would guess there is a great deal of doubt about the future of this arrangement and thus the future of Sonde.

    Sentiment: Hold

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    • Enquest bought a 70% working interest of P.A. Resources portion of the Zarat field. It appears that Viking has issues with the unitization of the field. I'm not sure what the issues are as it appears that routhly 2/3s of the field is on the Joint Oil Block. The only thing that really puzzles me is that Viking didn't buy up P.A. Resource portion. Perhaps they made an attempt but were outbid by Enquest.?

 
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