One-Page Deal Sheet
Sonde Details Terms of Latest Viking Farm-Out
Not Disclosed Not Disclosed
Announced Date
May 07,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
51
Transaction Details: Subscribe to see
Sonde Resources Corp. has received Joint Oil's approval to farm-out the Joint Oil Block to Viking Exploration and Production Tunisia Limited, a private company.
Sonde has received approval from Joint Oil's Board of Directors to farm-out 66.67% of its potential Zarat Field Exploitation Area and 50% of the remainder of its interest in the Joint Oil Block to Viking.
The amendments to the original farm-out agreement are as follows: Sonde will remain the operator of the Joint Oil Block; Sonde and Viking will post a bank guarantee equivalent to US$50.995 million as a guarantee for the 2013…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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