Sonde expects to drill Fisal-1 well in Q4

Sonde Resources has provided an update regarding the company’s operations in the Joint Oil Block.

The Joint Oil Block is a 768,000 acre license, equally contributed by Tunisia and Libya, straddling the maritime boundary in the central Gulf of Gabes, about 100 km (62 mi) offshore in water depths averaging 95 m (312 ft).

“The preparations for drilling the Fisal-1 well have progressed. All long lead materials (casing and drilling support material) have been ordered and initial deliveries arrived in Sfax, Tunisia (shore base) last week.

“Preparations are underway to perform the site surveys in anticipation of starting drilling operations in early fourth quarter of 2014,” the company said in a release.

The 3D seismic survey acquired in late 2013 has been processed and initial evaluation of the data confirms the potential nature of the Hadaf structure in Libyan waters. Detailed interpretation work of the processed seismic data is underway.

Fisal is a high-quality prospect, immediately adjacent to the Zarat discovery in Tunisian waters, with Eocene oil potential and Upper Cretaceous gas / condensate potential.

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.

June 23, 2014

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