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February 13, 2016 9:24 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Sonde Resources Corp.

Company Overview

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.

500 - 4th Avenue SW

Suite 3100

Calgary, AB T2P 2V6

Canada

Founded in 1983

6 Employees

Phone:

403-294-1411

Fax:

403-216-8551

Key Executives for Sonde Resources Corp.

Sonde Resources Corp. does not have any Key Executives recorded.

Sonde Resources Corp. Key Developments

Sonde Resources Corp.’s Securities To Be Delisted From NEX

Effective at the close of business on February 11, 2016, and in accordance with NEX Policy, Section 15, the securities of Sonde Resources Corp. will be delisted for failure to pay their quarterly NEX Listing Maintenance Fees.

Sonde Resources To Transfer Its Listing From TSX-V To NEX

In accordance with TSX Venture Policy 2.5, Sonde Resources Corp. has not maintained the requirements for a TSX Venture (TSX-V) Tier 2 company. Therefore, effective at the opening on Friday, February 20, 2015, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX. As of February 20, 2015, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from SOQ to SOQ.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture bulletin dated November 19, 2014, trading in the shares of the Company will remain suspended. Members are prohibited from trading in the securities of the Company during the period of the suspension or until further notice.

No Outcome From Strategic Review

A strategic review of Sonde Resources Corp. (TSXV:SOQ) has not resulted in a transaction. While discussions are ongoing, the strategic alternatives process has not resulted in a transaction that would satisfy significant financial commitments and there can be no assurance that the current strategic process will result in the sale of its interest or securing a partner, farm-out or other source of funding.

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