CALGARY, ALBERTA — (Marketwire) — 08/18/11 — Sonde Resources Corp. (“Sonde” or the “Company”) (TSX: SOQ)(NYSE Amex: SOQ) announced today that it has reached an agreement to acquire a block of producing and non-producing assets at Drumheller from a third party, which includes the bulk of producing interests in the Mannville “I” oil pool not currently owned by Sonde, as well as adjacent non-producing leases and suspended wells. In the transaction Sonde will acquire 10,367 net acres of mineral interests, and approximately 110 barrels of oil equivalent per day of production, for an aggregate purchase price of CAN $6.3 million. The purchase price will be satisfied in cash at closing, which is scheduled for September 22, 2011.
“This acquisition is an important milestone in our program to consolidate assets and increase production and reserves in the Drumheller area” said Bill Dirks, Sonde–s Chief Operating Officer.” After closing, Sonde will own approximately 99% of the aggregate working interests in the Mannville “I” pool. Besides expanding Sonde–s ownership in on-going horizontal drilling operations, this deal allows the Corporation to accelerate permitting and implementation of the Mannville “I” pool waterflood.”
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 to review further detail on Sonde–s operations.
Contacts:
Sonde Resources Corp.
Investor Relations
(403) 294-1411
(403) 216-2374 (FAX)