Last C$0.17 CAD
Change Today +0.015 / 9.68%
Volume 43.5K
SOQ On Other Exchanges
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As of 10:35 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

sonde resources corp (SOQ) Snapshot

Open
C$0.16
Previous Close
C$0.16
Day High
C$0.17
Day Low
C$0.16
52 Week High
10/23/13 - C$0.66
52 Week Low
09/18/14 - C$0.14
Market Cap
9.5M
Average Volume 10 Days
44.3K
EPS TTM
C$-0.39
Shares Outstanding
56.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SONDE RESOURCES CORP (SOQ)

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sonde resources corp (SOQ) Details

Sonde Resources Corp. is engaged in the acquisition, exploration, development, and production of petroleum and natural gas properties in offshore North Africa and Western Canada. It holds a 100% working interest in the 768,000 acre joint oil block offshore Tunisia and Libya, as well as undeveloped land positions in Duvernay play covering 44,021 net acres and Wabamun play covering 53,489 net acres in West Central and Northern Alberta. The company was formerly known as Canadian Superior Energy Inc. and changed its name to Sonde Resources Corp. in June 2010. Sonde Resources Corp. was founded in 1983 and is headquartered in Calgary, Canada.

6 Employees
Last Reported Date: 03/27/14
Founded in 1983

sonde resources corp (SOQ) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: C$398.9K
Chief Financial Officer
Total Annual Compensation: C$266.5K
Senior Advisor
Total Annual Compensation: C$325.0K
Compensation as of Fiscal Year 2013.

sonde resources corp (SOQ) Key Developments

Sonde Resources Corp. Announces Unaudited Consolidated Financial and Operating Results for the Second Quarter and Financial Results for the Six Months Ended June 30, 2014; Reports Impairment Loss for the Second Quarter Ended June 30, 2014

Sonde Resources Corp. announced unaudited consolidated financial and operating results for the second quarter and financial results for the six months ended June 30, 2014. For the quarter, the company net loss from continuing operations of CAD 3,904,000 or CAD 0.07 per basic and diluted share against CAD 3,088,000 or CAD 0.06 per basic and diluted share a year ago. Net loss was CAD 4,391,000 or CAD 0.08 per basic and diluted share against CAD 4,857,000 or CAD 0.09 per basic and diluted share a year ago. Operating loss was CAD 3,924,000 compared to CAD 3,158,000 reported a year ago. Cash used in operating activities was CAD 3,129,000 compared to cash from operating activities of CAD 104,000 reported a year ago. Exploration and evaluation additions were CAD 1,798,000 compared to CAD 1,038,000 reported a year ago. Funds used in operations was CAD 1,877,000 or CAD 0.03 per diluted share against funds from operations of CAD 593,000 or CAD 0.01 per diluted a year ago. The increase in funds used for operations is attributed to the Marquee Transaction, which resulted in a 100% reduction in operating netback, partially offset by a 24% decrease in general and administrative expense. For the six months, the company net loss from continuing operations of CAD 9,314,000 or CAD 0.17 per basic and diluted share against CAD 8,010,000 or CAD 0.14 per basic and diluted share a year ago. Net loss was CAD 10,134,000 or CAD 0.18 per basic and diluted share against CAD 10,269,000 or CAD 0.18 per basic and diluted share a year ago. Operating loss was CAD 9,347,000 compared to CAD 8,108,000 reported a year ago. Cash used in operating activities was CAD 7,652,000 compared to CAD 367,000 reported a year ago. Exploration and evaluation additions were CAD 5,739,000 compared to CAD 2,043,000 reported a year ago. Property, plant and equipment additions were CAD 317,000 compared to CAD 1,072,000 reported a year ago. Funds used for operations were CAD 4,064,000 compared to funds from operations of CAD 121,000 reported a year ago. The increase in funds used for operations is attributed to the Marquee Transaction, which resulted in a 100% reduction in operating netback, partially offset by a 23% decrease in general and administrative expense. For the quarter, the company produced natural gas of 7,082 mcf/d and crude oil and natural gas liquids of 589 bbl/d compared to natural gas of 8,940 mcf/d and crude oil and natural gas liquids of 761 bbl/d produced a year ago. Total production was 1,769 boe/d compared to 2,251 boe/d produced a year ago. Given there were no substantial changes during the three and six months ended June 30, 2014 relating to the uncertainties described above nor in the company's operations, the company booked an impairment loss of CAD 1.8 million for the quarter ended June 30, 2014 compared to CAD 0.8 million reported a year ago.

Sonde Resources Seeks Acquisitions

Sonde Resources Corp. (TSXV:SOQ) is seeking acquisitions. Sonde Resources Corp. (TSXV:SOQ) announced, "The company has significant work commitments in connection with the EPSA in North Africa and the company may make substantial capital expenditures for the acquisition, exploration, development and production of oil and natural gas reserves in the future."

Sonde Resources Corp., Q2 2014 Earnings Call, Aug 15, 2014

Sonde Resources Corp., Q2 2014 Earnings Call, Aug 15, 2014

 

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