SNRN - Oil-Aktie nahe am Tief und ready to roll - 500 Beiträge pro Seite

[iknowtheway]

Sonoran Energy Commences Phase-2 Workover Program on High Impact Wells in Louisiana
Monday March 27, 3:15 am ET

PHOENIX--(BUSINESS WIRE)--March 27, 2006--Sonoran Energy, Inc. (OTCBB:SNRN - News), the fast growing international oil and gas exploration and production company, announced today that work has commenced on three high impact wells on Phase-2 of the work-over program on its Louisiana oil and gas properties. These three wells represent access to approximately 75 percent of Sonoran Energy's proven reserves in Louisiana. In addition, the Company reports that intervention work on its Phase-1 work-over program in Louisiana has resulted in production from three of four Phase-1 wells. These Phase-1 operations have resulted in production of over 100 BOE/day.

Peter Rosenthal, President and CEO of Sonoran Energy, stated, "The results of the Phase-1 work-over program represent a major milestone for Sonoran Energy as we move our dormant wells in Louisiana into production. We acquired these oil assets at a very reasonable price, and have now converted these valuable Louisiana properties from non-producing to producing. Phase-2 of the work-over program focuses on three of the highest impact wells in our Louisiana portfolio, which promise to add significantly to our production."

Initial wireline survey results, to confirm the current condition of these high impact wells, indicate that the problems associated with the wells may not be as severe as initially suspected. This should simplify the remedial work program being undertaken to bring the wells back into production.

An additional work program to re-activate the remaining well in Phase-1, and to improve performance from the existing Phase-1 wells, is being finalized and will be implemented immediately as materials and equipment are secured. This should bring us in line with the 200 BOE/day we expected to achieve in Phase-1. It is anticipated that the Phase-2 work will continue over the next several months running concurrently with the additional Phase-1 work.

To view a more detailed presentation of Sonoran Energy's Louisiana Operation Phase-1 Progress visit the Company's website and click on the following presentation link:

http://www.sonoranenergy.com/i/pdf/L...sMarch2006.pdf

About Sonoran Energy, Inc.

Sonoran Energy is a US-based independent oil and gas company that is building a diversified portfolio of high value assets in North America, North Africa, the Middle East, and the Caspian region. Sonoran Energy explores, develops, and enhances the performance of high value oil and gas opportunities. With a focus on health, safety and the environment, we leverage the Company's innovative organizational alignment model with leading technical partners. www.sonoranenergy.com

[iknowtheway]

Market Cap
18.01 m

Sonoran Energy's Third Quarter Results Highlight Continued Operational and Financial Progress
Friday March 24, 10:37 am ET

PHOENIX--(BUSINESS WIRE)--March 24, 2006--Sonoran Energy, Inc. (OTCBB:SNRN - News), the fast growing international oil and gas exploration and production company, today reported results for the fiscal third quarter and nine months ended January 31, 2006. Revenues for the nine months were $1.4 million, compared with just $278,000 for the same period last year. Sonoran's strong third quarter performance was driven in a large part, by an improvement in its North American field operations. This, combined with a healthy cash position and the closing of the Baron Oil acquisition, has dramatically improved Sonoran's balance sheet, which shows an increase in total assets from $10 to $28 million from the previous quarter.

Peter Rosenthal, President and CEO of Sonoran Energy, said, "While advancing our strategy of aligning with world class industry partners such as AGR, RLG International and Welltec, we are also beginning to see the positive results of the programs we have initiated over the past several months to develop our North American oil and gas assets. Our overall revenue performance for the quarter was in line with expectations and our strategic and tactical initiatives are proceeding apace."

Commenting on the Company's financial position, Jack Hodgson, interim Chief Financial Officer, said, "We are pleased to report a cash position of $6.3 million at the end of the third quarter. Our oil and gas operations are now generating cash, helping to finance many of our North American and international growth initiatives."

"We expect that Sonoran Energy will continue to show a strong increase in revenues in the coming quarters. We are excited about the momentum we now have in 2006," Rosenthal added.

Sonoran Energy's financial filings are available through the SEC's forms and filings website at www.sec.gov/edgar.shtml.

About Sonoran Energy, Inc.

Sonoran Energy is a US-based independent oil and gas company that is building a diversified portfolio of high value assets in North America, North Africa, the Middle East, and the Caspian region. Sonoran Energy explores, develops, and enhances the performance of high value oil and gas opportunities. With a focus on health, safety and the environment, we leverage the Company's innovative organizational alignment model with leading technical partners. www.sonoranenergy.com.

[iknowtheway]

[iknowtheway]

Rolling...