Sonde Resources Corp. announced that the North Africa farm-out agreement with Viking Exploration and Production Tunisia Limited has been terminated. Under the terms of the Assignment Agreement to Viking dated October 4, 2013, Viking had 21 calendar days (until October 25, 2013) to fund its $40 MM share of the Bank Guarantee called for under the Assignment.

At Viking's request, Joint Oil and Sonde subsequently granted an additional 21 day extension, until November 15, 2013, to complete this funding. Viking was unable to obtain this funding, which was a condition precedent to closing the farm-out. Sonde does not believe Viking is likely to gain access to these funds in the near future, and has subsequently terminated the farm-out agreement.

Sonde continues to work with Joint Oil and the other parties on finalizing the unitization and unit plan of development for Zarat Field by end of 2013 as requested by the Tunisian Direction G n rale de l'Energie. Management believes that the work completed on the Joint Oil Block combined with an approved Plan of Development and ratified unit agreement will enhance the marketability and market value of Zarat, and plans to immediately launch a revitalized marketing campaign for the Joint Oil Block seeking either a partner, external funding or both for Zarat development and the Joint Oil Block exploration commitments.