Sonde was unable to make the payment when it was due as a result of force majeure in the wake of sanctions against Libya during that country’s civil war last year.
Sonde seeks partner to develop Zarat
Canadian independent Sonde Resources is looking for a partner to help fund its development of a block off North Africa, either through a joint venture or a stake sale, the company’s chief executive said.
16 January 2012 22:55 GMT
Updated
16 January 2012 22:55 GMT
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