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Sonde Resources Gushes Higher After New Mannville Well Initially Flow 414 Barrels Daily

Sonde Resources Corp. (SOQ.TO) is up % this afternoon following its announcement that its Sonde 3-4 well in the Mannville "I" oil pool came online in late June flowing at an initial 7-day average rate of 414 barrels of oil per day and 600,000 cubic feet of natural gas daily. The well has continued to flow unassisted averaging 192 barrels per day, with flow somewhat curtailed by the need to install an artificial lift on the well.

A second well was completed late last month. Sonde said it will report preliminary results for that well after gathering sufficient production data.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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