Agoracom: Small Cap Investment - Sonde Resources Corp - Canadian Superior turned down $85 million offer for 25% of Block 5(c)

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Exploration and production of oil and natural gas.

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Canadian Superior turned down $85 million offer for 25% of Block 5(c)

posted on Mar 11, 2009 05:22PM

Mike Coolen's Affadavit of March 4, 2009 also stated on page 22 items 67 and 68 that a group from New Jersey offered to pay $85 million dollars US for a 25% interest from Canadian Superior in Block 5(c) but Canadian Superior's Board of Directors turned it down. Mike Coolen stated that a realistic value for 25% of Block 5(c) is at least $87.5 million dollars in his estimation. The reference is: