Sonde Resources Corp. Message Board

I was under the impression that unitization was already worked out prior to the announcement of the Viking deal. However, if you read the press release it sure indicates a problem remains.

I'm not big on this buyback plan either, but declaing a dividend is an equally stupid idea. Most small E&P generally use 100% of their cash flow for E&P. It's the business they're in and it's generally required to maintain or increase production. Drill wells with that money..

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.?

I don't believe it's a production issue but could have something to do with maint. on the ship or at the unloading terminal. My estimate on production is somewhere betw. 500-600,000 bbls/month. They went for almost 2 months from Aprial 9th to June 1st and only delivered 301,000 bbls. The management should keep the shareholders informed but this group has always sucked at those duties - that's why the stock is range bound.

I don't know: :

They said they were working on getting an extension from joint oil and behold, they got the extension.

They talked about working through the gas sequestration issue and they have.

They said they were going to find a partner on the Joint Oil block and they have - on excellent terms I may add.

They said they were going to sell or partner on some of their acreage in W. Cananda and they did.

Now you can tell us about their failures.

You say first production is 4-5 years away - but Sonde and Viking say 1st. production in 2015 - wonder who I should believe?

Viking is a private company owned by the Thome Group out of Singapore - Thome Group is a very large shipping company who also btw manufactures the production facilities that will be needed offshore Tunisia for the Zarat field.

"...they need assets to pay off debt"

What are you - the actor of the low IQ?

What's "flaky" about the Viking joint venture?

You're right, it's very big. I guess Schanck saved the best for last.. Should see a nice price spike from t this. news.

They both like to #$%$ you off, as near as I can tell.