Sonde Resources Corp. announced unaudited consolidated financial and operating results for the second quarter and financial results for the six months ended June 30, 2014. For the quarter, the company net loss from continuing operations of CAD 3,904,000 or CAD 0.07 per basic and diluted share against CAD 3,088,000 or CAD 0.06 per basic and diluted share a year ago. Net loss was CAD 4,391,000 or CAD 0.08 per basic and diluted share against CAD 4,857,000 or CAD 0.09 per basic and diluted share a year ago. Operating loss was CAD 3,924,000 compared to CAD 3,158,000 reported a year ago. Cash used in operating activities was CAD 3,129,000 compared to cash from operating activities of CAD 104,000 reported a year ago. Exploration and evaluation additions were CAD 1,798,000 compared to CAD 1,038,000 reported a year ago. Funds used in operations was CAD 1,877,000 or CAD 0.03 per diluted share against funds from operations of CAD 593,000 or CAD 0.01 per diluted a year ago. The increase in funds used for operations is attributed to the Marquee Transaction, which resulted in a 100% reduction in operating netback, partially offset by a 24% decrease in general and administrative expense.

For the six months, the company net loss from continuing operations of CAD 9,314,000 or CAD 0.17 per basic and diluted share against CAD 8,010,000 or CAD 0.14 per basic and diluted share a year ago. Net loss was CAD 10,134,000 or CAD 0.18 per basic and diluted share against CAD 10,269,000 or CAD 0.18 per basic and diluted share a year ago. Operating loss was CAD 9,347,000 compared to CAD 8,108,000 reported a year ago. Cash used in operating activities was CAD 7,652,000 compared to CAD 367,000 reported a year ago. Exploration and evaluation additions were CAD 5,739,000 compared to CAD 2,043,000 reported a year ago. Property, plant and equipment additions were CAD 317,000 compared to CAD 1,072,000 reported a year ago. Funds used for operations were CAD 4,064,000 compared to funds from operations of CAD 121,000 reported a year ago. The increase in funds used for operations is attributed to the Marquee Transaction, which resulted in a 100% reduction in operating netback, partially offset by a 23% decrease in general and administrative expense.

For the quarter, the company produced natural gas of 7,082 mcf/d and crude oil and natural gas liquids of 589 bbl/d compared to natural gas of 8,940 mcf/d and crude oil and natural gas liquids of 761 bbl/d produced a year ago. Total production was 1,769 boe/d compared to 2,251 boe/d produced a year ago.

Given there were no substantial changes during the three and six months ended June 30, 2014 relating to the uncertainties described above nor in the company's operations, the company booked an impairment loss of CAD 1.8 million for the quarter ended June 30, 2014 compared to CAD 0.8 million reported a year ago.