LOS ANGELES, May 28, 2003 (PRIMEZONE) -- The President and CEO of Sonoran Energy, Inc. (OTCBB:SNRN), John Punzo was interviewed by WallStreetReporter.com recently. Stockholders and investors can access the interview at WallStreetReporter's website: http://www.wallstreetreporter.com.
Since beginning operations in 1996, the WallStreetReporter site has delivered over 10,000 interviews to millions of investors worldwide. Wall Street Reporter magazine is read by over 60,000 influential decision makers each month: 80% are in the U.S. -- 20% U.K., Europe, and Pacific Rim.
Sonoran Energy, Inc. aims 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's goal is to be recognized as a promising junior oil and gas producer. Sonoran Energy looks for opportunities with the following criteria: low cost, undervalued and a high rate of return. These projects must include close access to commercial distribution and modern application of oil and gas engineering technology. Targeted projects represent substantial growth with minimum exposure and a low-cost entry. 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 1,000 to 1,500 BOE (barrels of oil equivalent) per day and 2,500 to 5,000 Mcf (thousand cubic feet) of gas.
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.