Replies to post #236648 on Early Bird Special (EBS)

[grandisgreg]

SNRN up 8%

From the website

Sonoran is presently pursuing several producing assets in North America where we believe that our management and technical expertise will enable us to realise greater value than is currently being achieved.

CURRENT ASSETS

Louisiana
Texas
Louisiana Properties

Map of Louisiana

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Sonoran owns a 100% Working Interest in 8 producing wells and 4 SWD wells covering acreage in the Beauregard, Vernon, Rapides and Livingston Parishes of Louisiana. These wells produce from the Austin Chalk with 7 of the 8 wells having dual laterals, while 1 is a single well bore

East Texas - Rippy Oil Company Properties

Map of Texas

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The three East Texas properties, purchased from the Rippy Oil Company, are located in three separate oil fields known as the JRC, Lisa Layne and Ann McKnight (Paluxy) Fields. Current production from the properties is approximately 210 barrels of oil per day (bopd) with the opportunity to increase production relatively quickly to 300 bopd with minimum investment. Net reserves of up to 300 thousand barrels of proven oil have been identified for these assets, which were acquired for $1.6 million cash. Potential also exists to add additional reserves through the drilling of new infill wells on the properties.

The JRC and Lisa Layne oil fields located adjacent to each other in Wood County, Texas, consist of productive oil zones in the Paluxy sands at about 7,300 feet and the Subclarksville sands at 5,150 feet. These two oil fields are producing 170 barrels of oil a day (bopd) from six wells in the Paluxy formation and two wells in the Subclarksville zone. Substantial work has been performed on the properties to upgrade surface and subsurface equipment and operations. Upside potential exists with continued improvement of production from currently installed electric submersible pumps (ESP), and replacement of existing rod pumps with new ESP pumps. Further upside potential to add additional reserves exists in re-drilling of one of the existing wells and possible additional infill and horizontal wells.

The Ann McKnight Unit is located in the Ann McNight (Paluxy) Field in Smith County and is currently producing 40 barrels of oil per day. Improved production can be achieved by installation of ESP's in two existing wells. Additional reserves have been identified through drilling a well on the crest of the structure and through possible tertiary recovery.

Texas - KWB

The KWB (Strawn) Field (KWB) is located approximately 90 miles southeast of Midland, Texas in Tom Green County and contains approximately 3922 acres.

The field was discovered in 1981, and was unitized in early 1992 when a pattern waterflood was initiated.

Previous engineering studies and comparison with analogous fields in the area lead management to believed that much of the oil remains un-produced in the KWB Field and it is the intent of the Management to further review all of the information with the objective of producing these additional reserves.

Currently, there are 63 production well-bores and 25 plugged well-bores of which a majority could be re-entered at some point to improve upon existing cash flow.

Since the KWB field was discovered in 1981 and developed through 1984, approximately 1,900,000 barrels of oil and 12,000,000,000 cubic feet of gas (12 bcf) have been produced to date representing only 6% of the original oil and gas in place.