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Dardadog
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2004-05-27 04:04:06


Sonoran Energy Commences Full Evaluation of Louisiana Re-Drilling Program


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Business Editors LOS ANGELES--(BUSINESS WIRE)--SNRN-- Sonoran Energy, Inc. (OTCBB:SNRN) President and CEO Peter Ostenfeld-Rosenthal today announced that the Company has commenced a full evaluation of a re-drilling program for its Louisiana oil and gas properties. In January Sonoran Energy purchased an 87 percent working interest in approximately 15,000 acres in the Vernon Parish in Louisiana. The evaluation of the re-drilling program is being conducted by Sonoran Energy's operating services affiliate Scottsdale Oil Field Services. The evaluation will include further risk analysis, reserve evaluation and program costs. The intent of the re-drilling program would be to increase production from the properties with proven reserves of 1.6 million barrels of oil and 12.1 BSCF of gas (2 million BOE). "We are looking forward to completing a thorough evaluation of this project and developing an aggressive drilling and work-over plan for the property," said Peter Ostenfeld-Rosenthal, Sonoran Energy President and CEO. "The initial production estimates indicate a low of 180 barrels a day to a high production estimate of 500 to 1000 barrels a day. If the results of the complete evaluation are favorable the re-drilling program would commence immediately. The evaluation will also explore the use of advanced North Sea chalk techniques to boost production of the Louisiana properties." 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: CALIFORNIA INDUSTRY KEYWORD: ENERGY OIL/GAS SOURCE: Sonoran Energy, Inc. CONTACT INFORMATION: Sonoran Energy, Inc. Barry Forward, 866-676-8386 www.sonoranenergy.com

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


DaDog


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