Sonoran Energy, Inc.
OTC Bulletin Board : SNRN

Sonoran Energy, Inc.

November 01, 2006 07:33 ET

Sonoran Energy Announces Appointment of New Director

PHOENIX, ARIZONA--(CCNMatthews - Nov. 1, 2006) - Sonoran Energy, Inc. (OTCBB:SNRN) is pleased to announce that the company's Board of Directors, at the recommendation of its Nominating and Governance Committee, elected Frank T. Smith, Jr. to serve as a director on the company's Board.

Mr. Smith, age 60, joined Sonoran Energy's executive team as the Company's Executive Vice President and Chief Financial Officer in July 2006. He has over 30 years of professional and commercial banking experience with the oil and gas industry, much of it working with major banks in senior financial roles. Most recently, Mr. Smith worked for Remington Oil and Gas Corporation in Dallas serving as Senior Vice President Finance, where he served as the company's Chief Financial Officer.

Peter Rosenthal, Sonoran Energy's Chairman and Chief Executive Officer, stated: "I am delighted to welcome Frank to the Sonoran Energy Board of Directors. He has a great depth of oil and gas financing experience, gained with large integrated and smaller independent oil and gas companies in a banking capacity, and his financial understanding and commercial acumen will be of great value to the Board as we grow the company further."

Before joining Remington Oil and Gas, Smith was Executive Vice President and Manager of Energy Lending with the Bank of Texas. Prior to that, he spent seven years at The First National Bank of Boston, serving as Vice President, Asset Recovery Director, and then as Director, Energy and Utilities Division. Smith was also at Texas Commerce Bank in San Antonio, serving as Executive Vice President, and was previously Vice President and Divisional Manager, Houston Regional for Continental Illinois National Bank & Trust Co. in the mid-80s. He earned B.S. and M.Ed. degrees from the University of Delaware and an M.B.A., Corporate Finance and Banking, from The Wharton School, University of Pennsylvania.

Commenting on his appointment to the Board of Directors, Frank T. Smith explained, "I'm looking forward to working more directly with Sonoran Energy's seasoned Board as we continue to build a diversified portfolio of high value oil and gas assets in the U.S. I have spent much of my career working with various corporate Boards within the oil and gas sector on a variety of strategic financial, tax and accounting matters. I am now pleased to join Sonoran Energy's Board and feel confident that I can add value in terms of financial understanding and discipline."

About Sonoran Energy, Inc.

Sonoran Energy is a US-based independent oil and gas company that 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. For more information on the Company visit www.sonoranenergy.com.

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.


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