CALGARY, ALBERTA- (Marketwire - January 30, 2012) - Sonde
Resources Corp. ("Sonde") (TSX:SOQ)
(NYSE Amex:SOQ) announced today that the Board and
management of Sonde Resources Corp.
("Sonde") has begun an initiative to identify and evaluate
alternatives to finance its remaining North
Africa obligations. These alternatives may be comprised of
one or more transactions to sell, farm-out,
joint venture or seek any other alternatives with regard to
its 100% working interest in the Joint Oil
Block in North Africa.
The initiative will examine all possible alternatives for
the Joint Oil Block to maximize value to Sonde's
shareholders, focusing on finding a party to fund the
remaining three exploratory well commitment. By
funding the exploration program the party may earn part of
Sonde's working interest in the Joint Oil
Block.
Sonde cautions shareholders and other stakeholders that
there is no assurance that this review of
alternatives will result in any specific strategic or
financial transaction. Sonde will pursue this
initiative
expeditiously but no timetable has been set for its
completion. Sonde will inform the market on material
developments as and when appropriate or required. Sonde has
appointed Bank of America Merrill
Lynch to assist Sonde in this process.
Sonde Resources Corp. is a Calgary, Alberta, Canada based
energy company engaged in the exploration
and production of oil and natural gas. Its operations are
located in Western Canada and offshore North
Africa. See Sonde's website at www.sonderesources.com to
review further detail on Sonde's operations.
This news release contains "forward-looking information"
within the meaning of applicable Canadian
securities laws and "forward looking statements" within the
meaning of the U.S. Private Securities
Litigation Reform Act of 1995. These statements include,
among others, those concerning our review of
alternatives regarding our Joint Oil Block in North Africa
and the possible results therefrom.
Such forward-looking information or statements are based on
a number of risks, uncertainties and
assumptions which may cause actual results or other
expectations to differ materially from those
anticipated and which may prove to be incorrect.
Assumptions have been made regarding, among other
things, market, economic and operating conditions,
management's expectations regarding future growth,
availability of capital, and capital and other
expenditures. Actual results could differ materially due to
a
number of factors, including, without limitation, risks
inherent in operating in foreign jurisdictions;
changes in market, economic and operating conditions
applicable to exploration, development and
production of crude oil and natural gas; and restrictions
or limitations on available sources of capital.
Additional assumptions and risks are set out in detail in
our Annual Information Form, available on
SEDAR at www.sedar.com., and the Corporation's annual
reports on Form 40-F on file with the U.S.
Securities and Exchange Commission.
Although we believe that the expectations reflected in the
forward-looking information or forwardlooking
statements are reasonable, prospective investors should not
place undue reliance on forwardlooking
information or forward-looking statements because Sonde can
provide no assurance those
expectations will prove to be correct. We base our
forward-looking statements and forward-looking
information on information currently available and do not
assume any obligation to update them.
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
www.sonderesources.com
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