- Sonde Resources (NYSEMKT:SOQ) reports it has just $300K in cash on hand through yesterday, with the company scheduled to pay $15M to Joint Oil following its failure to drill the Fisal-1 well before a Nov. 30 deadline.
- SOQ says it no longer generates cash flow from petroleum and natural gas sales, and it no longer has a credit facility.
- Warns that failure to file its Q3 earnings report likely will result in the issuance of a cease trade order by Canadian securities regulatory authorities and could lead to a delisting of its shares from all stock exchanges.