Sonoran Energy, Inc.
OTC Bulletin Board : SNRN

Sonoran Energy, Inc.

November 02, 2005 07:51 ET

Sonoran Energy Completes Baron Oil Acquisition

PHOENIX, ARIZONA--(CCNMatthews - 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.

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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