Sonde Resources Corp.

Sonde Resources Corp.

November 26, 2010 15:11 ET

Sonde Resources Corp. Provides Update on Tunisia Project, Status of Relationship With Joint Venture Partner

CALGARY, ALBERTA--(Marketwire - Nov. 26, 2010) - Sonde Resources Corp. ("Sonde") (TSX:SOQ)(NYSE Amex:SOQ) announced today that the Court of Queen's Bench of Alberta has ruled in Sonde's favor, dismissing the Bankruptcy and Insolvency Act protection previously afforded Canadian Sahara Inc. ("Sahara"), and lifting the stay protecting Sahara. As a result, Sahara has been notified that Sonde is exercising its option to require that Sahara completely withdraw from the 7th of November Block, Offshore Tunisia/Libya Joint Operating Agreement ("JOA") and Exploration and Production Sharing Agreement ("EPSA") governing the block, thereby forfeiting its 50% working interest to Sonde.

Sonde is now actively seeking a partner to jointly explore the interest in the 7th of November Block.

Sonde Resources Corp. is a Calgary, Alberta, Canada based diversified global energy company engaged in the exploration and production of oil and natural gas and in the development of a liquefied natural gas ("LNG") project. Its operations are located in Western Canada, offshore Trinidad and Tobago, North Africa, and offshore Eastern United States. See Sonde Resources' website at to review further detail on Sonde Resources' operations.

Contact Information

  • Sonde Resources Corp.
    Investor Relations
    (403) 294-1411
    (403) 216-2374 (FAX)
    Sonde Resources Corp.
    Suite 3200, 500 - 4th Avenue S.W.
    Calgary, Alberta, Canada T2P 2V6