SNRN.OB - Oil

[gmarc66]

Noticed movement started as news came out.


2005-10-17 13:06:01 
Sonoran Energy Estimates Reserves of up to 30 Million Barrels of Oil in the Jordan Azraq Block  --------------------------------------------------------------------------------


Business Editors / Energy Editors

AMMAN, Jordan--(BUSINESS WIRE)--Oct. 17, 2005--
Sonoran Energy, Inc. (OTCBB:SNRN) announced today that
based on the results of its comprehensive technical study of Jordan's
Azraq Block the Company believes the Block contains reserves of up to
30 million barrels of oil. The Company has finalized a Production
Sharing Agreement (PSA) for the Azraq Block with the Natural Resources
Authority (NRA) of the Hashemite Kingdom of Jordan. The terms of the
PSA give Sonoran Energy a 60 percent production share in the Block.

"Based on our technical study of the Block we are now confident
that there is a sizeable untapped oil resource in this region of
Jordan," said Peter Rosenthal, Sonoran Energy President and CEO. "Not
only do we believe the Azraq Block contains oil reserves upwards of 30
million barrels, we believe there is an opportunity for the discovery
of new structures that could add significantly to the resource
potential. Furthermore, under the PSA Sonoran Energy becomes the
operator of the Hamzah oil field, where our immediate target is to
apply new technology and significantly enhance production in a
relatively short period."

"We believe in Jordan's oil production potential and have been
particularly impressed by the support of the government authorities
and look forward to embarking on this very exciting opportunity," said
Ala Nuseibeh, Sonoran Energy Executive Vice President Middle East
Operations.

Sonoran Energy plans to explore for new fields in the Azraq area
with the expectation of discovering new fields and additional new
plays. The Company believes that new 3D seismic data will reveal such
fields, which will add further upside to the Block.

The PSA, which has already been endorsed by the Jordanian
Government Cabinet, is now being passed to the Jordanian Parliament
for ratification in its next session, leading to the signature by His
Majesty King Abdullah II, King of Jordan.

The Azraq Block (http://www.nra.gov.jo/hydrocarbons.htm), which is
located east of the city of Amman, is approximately 11,250 sq. km. in
size and contains the Hamzah oil field, which has been producing since
1985. The Hamzah field lies in the eastern part of the Block bordering
Saudi Arabia and containing the Azraq-Sirhan Graben, which is mature
for oil generation.

About Sonoran Energy, Inc.

Sonoran Energy, Inc. is an independent oil and gas company that is
building a diversified portfolio of high value oil and gas assets in
North America, the Middle East, the Caspian region and North Africa.
With a presence in the Middle East, Asia, and North America, Sonoran
Energy explores, develops, and enhances the performance of material
and high value oil and gas opportunities, leveraging the Company's
technical expertise and extensive industry and governmental
connections.

[gmarc66]

When I first bought it on the news at .95..it was fluctuating every which way up, down and around...then it slowly dropped..always with a spread of a few points....but, slowly serious buys are coming in as I write this..i now feel alot better about my purchase.

Early morning 8-k came out...I think this had to be digested along with the news I posted. It appears all is looking fine if comparing it to all the buys now coming in.

Keep ur eye on this..I know I am!

If anyone has any comments please feel free to extend any advice or other dd.

thanks very much,

julia

[setravis]

Another nice looking find..... as  was MXON
Got my eyes wide open....

Applaud your work........

[setravis]

ok, I'm in @ 0.87....Let's see what it has got!

[gmarc66]

Hey Setravis!

Thank you!

Just posting the news when i see them come and if i get the chance to do so quickly...hard to scramble them in sometimes right away.

You devil you......hee hee..glad to see u waited and watched a bit to get a better price them me ...You know, I always do that...i jump the gun....i always tell myself to watch for at least 10-15 minutes, because the prices usually calm down a bit...but, it went nuts when the news first hit...$1 buys just jumping in...so i just grabbed it...then watched it settkle below .90 for awhile....oh well...hopefully will go back over the $1 soon.

Did u get some mxon...was thinking about it...but, i stalled too long..wonder if its going to go higher.

good luck!!

julia

[gmarc66]

2005-10-31 07:32:01 

Sonoran Energy Announces Start of Louisiana Oil & Gas Production 

PHOENIX--(BUSINESS WIRE)--Oct. 31, 2005--
Sonoran Energy, Inc. (OTCBB:SNRN) announced today it
has started oil and gas production following the commencement of the
Phase 1 work-over program on its Louisiana oil and gas properties.
The first phase of the program is designed to increase production on
the Louisiana properties with a total of four wells going into
production over the next 3 to 4 weeks. Following the completion of
this phase the Company plans to move quickly into Phases 2 and 3,
which will consist of work-over programs on additional, higher-impact
wells.
Bill McFie, Sonoran Energy Executive VP North America commented,
"The first phase in Louisiana consisted of cleaning out the existing
well bores with coiled tubing and improving the ability to
economically dispose of the produced water from four wells on the
properties. This Phase 1 program is expected to be completed within 3
to 4 weeks. Production has already begun on one of the wells, and our
expectation is to increase production to up to 200 barrels of oil
equivalents (BOE) per day by the end of phase one."
The goal of the full work-over program in Louisiana is to
increase significantly the production from the properties with net
proven developed reserves of 1.1 million barrels of oil and 6.5 BSCF
of gas (2 million BOE). In February 2004, Sonoran Energy purchased a
100 percent working interest before payback (87% thereafter) in oil
and gas wells and leases in the Beauregrad, Vernon, Rapides and
Livingston Parishes in Louisiana.
"This first phase of the program provides Sonoran with an
immediate increase in production and cash flow. This is just the
beginning, and we expect to increase our production significantly
during the further development phases of our three projects in the US
(two in Texas and this project in Louisiana)," said Peter Rosenthal,
Sonoran Energy President and CEO. "Our recent financing success has
enabled us to commence work on the Louisiana operations and to start
aggressively to build our overall production base. We were also very
pleased to have been in a position to move quickly on this work-over
program and bring these wells into production as the State of
Louisiana re-builds in the wake of Hurricane Katrina."

About Sonoran Energy, Inc.

Sonoran Energy, Inc. is an independent oil and gas company that
is building a diversified portfolio of high value oil and gas assets
in North America, the Middle East, the Caspian region and North
Africa. With a presence in the Middle East, Asia, and North America,
Sonoran Energy explores, develops, and enhances the performance of
material and high value oil and gas opportunities, leveraging the
Company's technical expertise and extensive industry and governmental
connections.

[setravis]

Nice to see this one bounce back up.
I was in the red.....now not as much.May be able to sneak it out now.
+22.73%........Volume @ 268,332

[gmarc66]

Hey Setravis!

I hope u can sneak out of this unscathed

I got in a higher than u, so hopefully this will go higher this month as the news today allows me to believe:

"The first phase of the program is designed to increase production on
the Louisiana properties with a total of four wells going into
production over the next 3 to 4 weeks. Following the completion of
this phase the Company plans to move quickly into Phases 2 and 3,
which will consist of work-over programs on additional, higher-impact
wells."

Good luck to us! Hope all ur trades are going vivid green

julia

[gmarc66]

Some more news....

2005-11-01 08:47:01 
Sonoran Energy Closes $8.5 Million Dollar Private Equity Placement 


News Editors

PHOENIX--(BUSINESS WIRE)--Nov. 1, 2005--
Sonoran Energy, Inc. (OTCBB:SNRN) is pleased to announce
that it has closed its recently announced private equity placement for
gross proceeds of $8.5 million. The financing round consisted of
several private placements by investors and institutions of which the
largest single investment was $2,560,000. This financing will be
primarily used to help fund development of the Company's oil and gas
projects in Louisiana and Texas, and the Company's oil prospects in
the Middle East.

"We are extremely pleased with the confidence the investment
community has shown in Sonoran Energy's strategic direction and our
plans to grow as an independent oil and gas company," said Peter
Rosenthal, Sonoran Energy President and CEO. "The proceeds of the
private placement will serve as a catalyst as we develop our domestic
oil and gas opportunities, and start work on the PSA in Jordan. We
appreciate the quick and positive reaction from investors, and the
support and efforts of the investment community."

Rikky Hasan, Managing Director of investment bank MTM Corporate
Finance which led the fundraising commented, "We are very pleased with
the response to this private placement as investors largely comprise
individuals from the Middle East who could provide both insight and
influence to assist Sonoran in its expansion plans for the region."

[gmarc66]

Keeps the good news coming

2005-11-02 07:51:01 
Sonoran Energy Completes Baron Oil Acquisition 
PHOENIX--(BUSINESS WIRE)--Nov. 2, 2005--
Sonoran Energy, Inc. (OTCBB:SNRN) President and CEO
Peter Rosenthal is pleased to announce that the Company has finalized
its acquisition of Baron Oil, a privately-held Norwegian company. The
final terms of the acquisition were concluded following the completion
of a pre-acquisition audit of the Baron Oil assets and financial
statements. Baron Oil has a significant presence in the Middle East,
proven oil and gas reserves in Texas, and well-established
opportunities in the prolific oil province of the Caspian Region.

"We are extremely pleased to have concluded this important
acquisition for Sonoran Energy," said Peter Rosenthal, Sonoran Energy
President and CEO. "While the completion of the acquisition has taken
longer than expected, we can now announce that the final terms have
been satisfied and we are moving forward on developing the many
opportunities that Baron Oil brings to the Company."

Baron Oil Shareholders will receive 19,026,514 shares of Sonoran
Energy restricted common stock in exchange for their shares in Baron
Oil as consideration for the acquisition.

About Sonoran Energy, Inc.

Sonoran Energy, Inc. is an independent oil and gas company that is
building a diversified portfolio of high value oil and gas assets in
North America, the Middle East, the Caspian region and North Africa.
With a presence in the Middle East, Asia, and North America, Sonoran
Energy explores, develops, and enhances the performance of material
and high value oil and gas opportunities, leveraging the Company's
technical expertise and extensive industry and governmental
connections.

[gmarc66]

The news today caused a 10% bounce back up

2005-11-03 09:32:01 
Sonoran Energy Formalizes Arrangement with Leading Global Investor Relations Agency 


News Editors

PHOENIX--(BUSINESS WIRE)--Nov. 3, 2005--
Sonoran Energy, Inc. (OTCBB:SNRN), the independent oil
and gas exploration, development and production company, today
announced that it has formalized an arrangement with Taylor Rafferty,
the leading global investor relations firm, to build Sonoran Energy's
global capital markets profile and significantly expand its following
and support in the investment community.

In its capacity as Sonoran Energy's global investor relations and
financial communications agency, Taylor Rafferty will broaden and
sharpen the delivery of the company's investment thesis, expand its
equity market information systems, on-line and collateral IR
materials, and undertake the systematic investor targeting and
contact programming that are the hallmarks of a global best practice
investor relations program. Taylor Rafferty will now become Sonoran
Energy's sole IR firm, replacing their existing agency and providing
the company support through its offices in New York, London and Tokyo.

Peter Rosenthal, President and Chief Executive Officer of Sonoran
Energy commented, "We are steadily advancing our strategic plans in
the US and in prospective areas internationally. My colleagues and I
are committed to building the equity markets' understanding and
appreciation of Sonoran's opportunities and its management's track
record. We look forward to working with Taylor Rafferty, which has
particularly broad and deep experience in the international energy
sector."

Brian Rafferty, founder and Managing Director of Taylor Rafferty
noted, "We are pleased to commence our relationship with Sonoran
Energy and assist management to conduct best practice investor
relations and capital markets communications to advance their
value-building strategy. Over the years, many of our small cap
clients have grown and developed into leaders in their sectors, and
the Sonoran Energy management team has the industry track record and
business plan to realistically aspire to this status."

[gmarc66]

I think this news will help! Pps is good now to get in...Setravis...any thoughts..im thinking of adding?

2005-11-23 09:44:01 
Government Of Jordan Signs First Oil Production Sharing Agreement In Eight Years: Sonoran Energy To Explore And Develop The Azraq Block 


Business Editors

AMMAN, Jordan--(BUSINESS WIRE)--Nov. 23, 2005--
Sonoran Energy, Inc. (OTCBB:SNRN) is pleased to
announce that the Production Sharing Agreement (PSA) between the
Natural Resources Authority (NRA) of the Hashemite Kingdom of Jordan
and Sonoran Energy was officially signed by Jordan's Minister for
Energy and Natural Resources and President of the Natural Resources
Authority Azmi Khreisat and Mr. Ala Nuseibeh, Executive Vice
President, Middle East Operations on Sonoran's behalf today. The
official signing of the PSA took place at the offices of the Natural
Resources Authority in Amman and was attended by several members of
the Jordanian Cabinet, Government officials, individuals from the
local business and finance community, and the US Embassy Deputy Chief
of Mission Mr. Daniel Rubinstein and his economic councilors."

The Agreement between the NRA and Sonoran Energy is the first PSA
signed by Jordan in over eight years", said Dr. Maher Hijazin,
Director General of the National Resources Authority of Jordan. "The
government has placed the development of indigenous energy resources
as a high priority on the national agenda. With rising oil prices and
the fact that Jordan imports 97% of its energy needs, Jordan is
looking for ways to start building its internal reserves to become
less dependent on foreign oil imports. We are hoping the PSA with
Sonoran Energy will partially contribute to the solution to this
challenge."

Under the PSA, Sonoran Energy has an agreement to explore and
develop the approximately 11,250 sq. km Azraq Block located directly
east of Jordan's capital city of Amman. In addition to the
exploration and development program, Sonoran Energy will also take
over operation of the existing producing wells in the Azraq Block's
Hamzah oil field.

"We are extremely pleased to be partnering with the Government of
Jordan for this very important milestone in the Country's economic
development," said Peter Rosenthal, Sonoran Energy President and
Chief Executive Officer. "With this agreement we are taking a
significant step towards delivering on our strategy to drive growth
through high value oil and gas opportunities, and Sonoran Energy is
proud to be part of the program to increase Jordan's domestic oil
production.

Ala Nuseibeh, Executive Vice President Middle East Operations for
Sonoran Energy commented, "Working with the Ministry and the NRA has
been a real pleasure and I would like to thank them for all the
support they have provided us. I look forward in making this project
a real success together with them.
We believe strongly that the Azraq Block is under-explored, and that
with modern exploration and development techniques existing
production on the field can be increased. Sonoran Energy also
believes that there is good potential for new discoveries that could
significantly boost production within the Block."

Sonoran Energy will commence an aggressive evaluation program
focusing both on exploration and the potential to boost production
from the existing wells and facilities. This program will involve the
acquisition of 3D seismic data and the drilling of two exploration
wells in addition to a number of technical studies.

The Azraq Block (http://www.nra.gov.jo/hydrocarbons.htm), which
contains the Hamzah oil field, has been producing since 1985. The
Hamzah field lies in the eastern part of the Block bordering Saudi
Arabia and containing the Azraq-Sirhan Graben, which is mature for
oil generation.

The primary reservoir in the field is a fractured carbonate that
has been produced through a limited number of vertical wells. The
last well on the field was drilled in 1989 on 2D seismic data. At one
stage the field was flowing over 400 barrels of oil per day (bopd)
but it is now producing around 30-40 bopd. Since its discovery in
1984, total oil production from Hamzah is just under 1 million
barrels of sweet oil. This oil is currently transported by truck to a
refinery on the outskirts of Amman.

[gmarc66]

THis news was very good on Nov 23, pps reacting slowly it appears.
Still holding...I think it just needs some time

good luck to all

julia

[setravis]

Symmetrical Triangle (continuation) Pattern
With all that news, looks like we could get something good to happen,
How about a breakout ! Put the wizard spell on it !! 
Support @ 0.70...0.66...0.63
Resistance @ 0.75...0.80...0.83

[gmarc66]

Hey Setravis...that sounds nice and positive!

Hoping for the best!

Good luck to us and thanks very much for your analysis.

julia