LOS ANGELES, June 23, 2003 (PRIMEZONE) -- Sonoran Energy, Inc. (OTCBB:SNRN) announced today that an interview with the Company's President and CEO John Punzo is now available on SmallCapVoice.com. The interview covers Sonoran Energy's latest news announcements and features overviews of the recently announced acquisitions, newly discovered reserves, and its operating partner Longbow, LLC. This interview can be accessed through SmallCapVoice.com at http://smallcapvoice.com/snrn/snrn_6_16_03.html.
In addition to closing major acquisitions and discovering new reserves, Sonoran has significantly expanded corporate brand awareness. It has joined the Independent Petroleum Association, received updated coverage on Yahoo! Finance, and has been featured on CCBN Street Events, CEOCast.
MacReport and CNBC Television. Sonoran CEO John Punzo recently stated in a release proposing a stock dividend to the Board of Directors, "We are very excited about the significant progress made by our strategic partnership with Longbow, LLC and our acquisition program is seeing very positive results. We are considering declaring a special stock dividend as a reward to our shareholders, which is right in line with our recently announced strategic initiatives."
About Sonoran Energy
Sonoran Energy's primary objective is to identify, acquire and develop working interest percentages in smaller, underdeveloped oil and gas projects that do not meet the minimum requirements of major oil and gas corporations. Sonoran Energy is developing a reputation as a promising junior oil and gas producer.
Through its partnership with Longbow LLC the Company intends to make acquisitions that will, over a 12 to 24 month period, allow the company to become a producer of 1000 to 1500 BOE per day (barrel oil equivalent) and 2500 to 5000 Mcf of gas.
About Longbow, LLC
The principals of Longbow, LLC collectively have over eighty-five years of diversified oil and gas experience with both majors and independent companies including Chevron, Mobil, Arco Oil & Gas and the U.S. Department of Energy in the largest oil and gas producing basins in North America. Formed in November 2001, Longbow is Archer Exploration, Inc.'s operating partner as they pursue oil and gas acquisition, exploration, and exploitation opportunities in the Western United States.
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.