Sonde Resources Corp. announced that the North Africa farm-out agreement with Viking Exploration and Production Tunisia Limited (Viking) 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.