Sonde Resources Corp.

Sonde Resources Corp.

January 03, 2014 16:21 ET

Sonde Resources Corp. Announces Appointment of President and CEO

CALGARY, ALBERTA--(Marketwired - Jan. 3, 2014) - Sonde Resources Corp. ("Sonde" or the "Company") (TSX:SOQ)(NYSE MKT:SOQ) announced today the appointment of Toufic Nassif, currently President Sonde North Africa, to the position of President and Chief Executive Officer and that Bill Dirks, President and Chief Operating Officer, has formally notified the Board of Directors of his resignation, effective January 3, 2014. Mr. Dirks has agreed to stay on in a consultancy role as an advisor for an indefinite period to assist with the transition.

For the past two years, Mr. Nassif was President of Sonde North Africa with responsibility for the overall management of all Sonde activities related to the Joint Oil Block offshore Tunisia and Libya. He is a well known and respected industry leader with over 35 years in the energy business with comprehensive experience in business development and commercial activities in North Africa and the Middle East. Mr. Nassif also brings extensive experience in petroleum operations management, proven large project coordination and leadership skills, strategic planning, negotiations, and overall project evaluation skills. Prior to joining Sonde, Mr. Nassif held the position of Vice President and Commercial Director for BP Libya.

Kerry Brittain, Chairman of the Board, stated: "Completing the merger of Sonde's Canadian producing assets with Marquee was a key step in the Company's transition to a North Africa-focused growth strategy. The appointment of Toufic as President and CEO underscores the Board's commitment to this strategy and builds on the significant progress he has made in solidifying our relationship with Joint Oil while advancing the development of the Zarat Field and fulfilling our exploration commitments to the Joint Oil Block. The Board is appreciative of the efforts of Bill Dirks in shepherding the Company's assets and being the moving force in the Marquee transaction. We are pleased Bill will remain available in a consulting capacity to support our Joint Oil Block activities and help optimize the value of our Western Canada exploration acreage."

Contact Information

  • Sonde Resources Corp.
    Rene Beaumier
    Chief Financial Officer
    (403) 503-7931
    (403) 216-2374 (FAX)