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Dardadog
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2004-05-25 00:07:07


Sonoran Energy Forms Consortium for Development of Middle East Oil Fields


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Energy Editors / Business Editors LOS ANGELES--(BUSINESS WIRE)--SNRN-- Sonoran Energy, Inc. (OTCBB:SNRN) President and CEO Peter Ostenfeld-Rosenthal announced today that the Company has assembled a consortium of International companies to pursue development of several large oil fields in the Middle East. The consortium, which includes Sonoran Energy, COWI (www.cowi.dk), and France's Eurovia (www.eurovia.com), plans to conduct feasibility studies of selected oil fields in the Region. "This strong group of companies has the clout to undertake a comprehensive survey of the targeted oil fields," said Sonoran Energy Chief Executive Officer Peter Ostenfeld-Rosenthal. "We now have two influential partners in place to make full development of these fields possible including international multidisciplinary consultant COWI and Europe's largest road construction company Eurovia." The consortium will immediately commence an extensive survey of several identified fields in the Region. The study will explore a number of areas including the feasibility of refinery location, transportation routes and economic viability of the targeted fields. COWI, a leading European consultant, provides multidisciplinary consulting services in the fields of oil & gas, infrastructures, engineering, environment and economics. COWI operates worldwide and has offices in 35 countries and has worked with oil & gas and infrastructures in the Middle East for the last 40 years. Its oil and gas experience includes upstream and down stream projects, pipelines, marine ports, buildings and roads in the Middle East. In addition COWI focuses on due diligence (i.e. consultancy about environmental and technical conditions and financial risks related to purchase and sale of companies and sites). Eurovia, the leading roadworks company in Europe, operates in 18 countries. Specializing in road and industrial surfacings (hot mix, concrete pavements, asphalt, resins), Eurovia designs, builds and maintains road infrastructure, carries out urban infrastructure projects and contributes to the installation and expansion of industrial and commercial facilities. Eurovia is the European leader in asphalt and concrete road construction. With a network of nearly 800 industrial units, Eurovia is now the leading French producer of road aggregates and the leading European producer of recycled materials. About Sonoran Energy Sonoran Energy, Inc. is an independent oil and gas company with a presence in Iraq, Jordan, Norway and North America. The Company intends to build a portfolio of high producing oil and gas fields in the Middle East and the Caspian Region - with production potential in excess of 50,000 barrels of oil per day (BOEPD), and is pursuing material and high value global oil and gas upstream opportunities. Sonoran Energy is concurrently pursuing high value upstream opportunities in North America. This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. KEYWORD: INTERNATIONAL EUROPE NEW YORK INDUSTRY KEYWORD: ENERGY OIL/GAS SOURCE: Sonoran Energy, Inc. CONTACT INFORMATION: Sonoran Energy, Inc Barry Forward Investor Relations (866) 676-8386 Website: www.sonoranenergy.com

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Due Da Due......But Be Quick About It!!!!!


DaDog


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