Sonde Resources Corp. Announces Board of Directors Changes
Sonde Resources Corp. (“Sonde” or the “Company”) (TSXV: SOQ) (NYSE MKT: SOQ) announced changes to its Board of Directors today. Toufic Nassif, Mike Adams and James A. Edmiston have been appointed to the Board, effective March 27, 2014 and will stand for election at the Annual and Special Meeting of Shareholders on June 19, 2014. With the recent changes in Sonde’s strategic direction, Dr. James Funk, Jim Riddell and Greg Turnbull have resigned and will not be standing for re-election to the Board.
Mr. Nassif was appointed President and CEO of Sonde effective January 3, 2014. He was previously the President of Sonde North Africa with responsibility for the overall management of all Sonde activities related to the Joint Oil Block offshore Tunisia and Libya. Mr. Nassif’s career spans over 35 years in the energy business with comprehensive experience in business development and commercial activities in North Africa and the Middle East. Prior to joining Sonde, Mr. Nassif held the position of Vice President and Commercial Director for BP Libya.
Mike Adams is currently an independent energy business consultant based in Vancouver and Calgary with more than 40 years of experience mainly in petroleum reserves and resource analysis, and energy related M&A transactions. From 2004 to 2013, Mr. Adams was Vice President Global Business Development and Internal Qualified Reserves Evaluator with Talisman Energy. From 1999 to 2003, Mr. Adams was Managing Director of Waterous and Co., an investment bank, in its Calgary, Houston and London offices. From 1996 to 1999 he was Vice President of Gulf of Mexico production for British Borneo Ltd. based in Houston. Between 1983 and 1996 he was a founding partner in APA Inc., a petroleum engineering consulting company based in Calgary, now part of the RPS Consulting Group. He started his career with Shell International with assignments in the UK, Norway, the Netherlands and Brunei. Mr. Adams holds a Bachelor of Science degree in Physical Chemistry from Imperial College, London University and a Master of Science degree in Petroleum Engineering from the Royal School of Mines, London University. He is a professional engineer registered in Alberta and a chartered engineer registered in the UK. He is a past member of the Reserves Committees of both the Society of Petroleum Engineers and the Society of Petroleum Evaluation Engineers.
James Edmiston is the President and Chief Executive Officer and Director of Harvest Natural Resources, Inc. a public oil and gas company with projects in Venezuela, Gabon and Indonesia. Mr. Edmiston joined Harvest Natural Resources, Inc. as the Executive Vice President and Chief Operating Officer in 2004. Prior to working with Harvest, Mr. Edmiston was with Conoco and ConocoPhillips for 22 years in various management positions including President, Dubai Petroleum Company (2002-2004), a ConocoPhillips affiliate company in the United Arab Emirates and General Manager, Petrozuata, C.A., in Puerto La Cruz, Venezuela (1999-2001). Prior to 1999, Mr. Edmiston also served as Vice President and General Manager of Conoco Russia and then as Asset Manager of Conoco’s South Texas Lobo Trend gas operations. Mr. Edmiston earned a Bachelor of Science degree in Petroleum Engineering from the Texas Tech University and a Masters of Business Administration from the Fuqua School of Business at Duke University. Mr. Edmiston was inducted into the Petroleum Engineering Academy and was recognized as a Distinguished Engineer by the Texas Tech College of Engineering in 2009. Mr. Edmiston is a Member of the Society of Petroleum Engineers.
Kerry Brittain, Chairman of the Board, stated, “We are very pleased to be adding Toufic, Mike and James to our Board.
Collectively, they bring over ninety years of experiences and skills that fit well with Sonde’s North Africa focused growth strategy. While the departures of James Funk, Jim Riddell and Greg Turnbull are part of Sonde’s strategic transition, their leadership and guidance will be missed. The Sonde Board thanks these individuals for their invaluable contributions and many years of service as directors.”