Exploration & Production | Industry News
Sonde Initiates Strategic Review of Duvernay, Montney Assets
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Sonde Resources Corp. has retained FirstEnergy Capital Corp. to initiate a process to explore and evaluate potential strategic alternatives with regard to Sonde's western Canadian production and exploratory acreage, with a view to enhancing shareholder value.
In particular, the Company seeks alternatives that will reduce emphasis on legacy producing assets, and facilitate a focus on creating value from its large portfolio of exploratory acreage, which contains significant holdings in the Duvernay, Montney, Detrital-Banff and Wabamun plays of west central Alberta.
Sonde has approximately 354,000 net acres of land (238,000 undeveloped). Of Sonde's undeveloped acreage inventory, there are approximately 94,500 net acres in the Duvernay, 44,000 net acres in the Montney, 43,000 net acres in the…
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