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Sonde Resources Corp NEW Message Board

benmare75 7 posts  |  Last Activity: Dec 18, 2014 7:53 PM Member since: Feb 23, 2009
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  • Reply to

    Exclusivity contract

    by wright.tom64 Dec 17, 2014 10:22 AM
    benmare75 benmare75 Dec 18, 2014 7:53 PM Flag

    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
    benmare75 benmare75 Dec 18, 2014 7:48 PM Flag

    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.

  • Reply to

    Trading halt

    by wright.tom64 Nov 17, 2014 7:31 PM
    benmare75 benmare75 Nov 17, 2014 9:49 PM Flag

    Stock price down sharply on big volume is saying that unfortunately.

  • Reply to

    Trading halt

    by wright.tom64 Nov 17, 2014 7:31 PM
    benmare75 benmare75 Nov 17, 2014 8:20 PM Flag

    I would bet this is the end for SOQ....money has ran out.

  • Reply to

    PLEASE!!!

    by wright.tom64 Oct 28, 2014 12:20 PM
    benmare75 benmare75 Oct 31, 2014 11:31 PM Flag

    Don't SOQ have a $45MM penalty if the project doesn't go through?

  • Reply to

    What is going on ?

    by secondvision Oct 15, 2014 5:18 PM
    benmare75 benmare75 Oct 15, 2014 8:19 PM Flag

    Because no one wants NA. Oil price in the toilet, world wide economy tanking, too many projects around the world already, so SOQ should have unloaded it many years ago. Now it is too late and the money has ran out. Now it would be interesting to know where the money is going? what is the CEO doing for $600K per year?who gets pay what? Has SOQ became a personal bank account for few? Or bluntly is SOQ has been a scam the past 2 years? etc, etc .................

  • Reply to

    Todays Dump

    by berrrrp Oct 1, 2014 7:07 PM
    benmare75 benmare75 Oct 1, 2014 8:28 PM Flag

    SOQ is just a gamble. So, I would say a gambler.

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

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