Sonoran Energy, Inc.
OTC Bulletin Board : SNRN

Sonoran Energy, Inc.

August 02, 2005 06:03 ET

Sonoran Energy to Move Corporate Headquarters to Arizona

LONDON, UNITED KINGDOM--(CCNMatthews - Aug. 2, 2005) - Sonoran Energy, Inc. (OTCBB:SNRN) President and CEO Peter Rosenthal announced today that the Company will be moving its corporate headquarters to Arizona effective September 1, 2005. The move is designed to streamline the Company's operational and administrative activities; improving efficiencies, reducing costs and further focusing the Company on its oil and gas opportunities in the United States and the Middle East.

For the past several months Sonoran Energy's management team has been reviewing the benefits of having a head office in London and has now determined that maintaining this third office is unnecessary. As a result the Company has decided to close the London office and only maintain a liaison presence in the UK. The Company will now concentrate on the successful operation of its U.S. oil properties from its office in Arizona and on expanding international growth opportunities through Sonoran's satellite office in Amman, Jordan.

"Our office in Arizona has been our operational hub for this past year, and it makes logical sense to combine it with our corporate operations," said Peter Rosenthal, who will now work out of the Phoenix area office located in the City of Chandler. "Not only will there be significant cost savings, it will re-emphasize Sonoran Energy's priority in bringing our domestic portfolio to full production levels."

"In addition to improved efficiencies, the consolidation of our administrative activities will help ensure that our resources are better utilized and focused on achieving our production targets," said Rasheed M. Rafidi, Sonoran Energy CFO. "We believe that this is critical as we proceed aggressively with our international growth strategy. This new structure is also important for our future financing efforts and positions the Company to be more attractive to potential funding partners."

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 Africa, the Middle East, the Caspian region and North America. With a presence in the UK, 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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