Replies to post #227 on Sonoran Energy, Inc. (fka SNRNQ)

[mick]

hi Bob, good morning. all is good from what is se here.

RE:
mick thanks all primers in place to start -
wow, what financials in place ya surely get da job done -
its to add the strategic bargain positions -

Sonoran Energy Completes $18 Million Financing
Friday November 30, 12:01 pm ET
DALLAS, Nov. 30 /PRNewswire-FirstCall/ --

Sonoran Energy, Inc. -
(OTC Pink Sheets: SNRN - News), the independent oil and gas
exploration and production company, today announced that
it has concluded an $18 million financing consisting
of a $15 million senior secured credit facility from
Standard Bank plc and Nordkap Bank AG and a contemporaneous
$3 million equity investment from executive management,
Board members and existing and new investors.

This round of financing replaces an existing credit facility
of $7 million and will provide funding for Sonoran's
on-going development programs in Louisiana and West Texas.


Peter Rosenthal, Chairman and Chief Executive Officer
of Sonoran Energy commented, "We are very pleased to
have refinanced our existing credit facility and expanded
our capital base to seize the opportunities that we have
in Louisiana and West Texas.
In the past months we have completed upgrade work in our
East Texas fields, brought West Texas into production
while identifying potentially significant new opportunities
there, and prepared rigorously to begin work on our high
impact wells in Louisiana.
In anticipation of closing this re-financing, Sonoran
had authorized the start of rig operations on November 20th.
The first phase of rig work relating to working over a
saltwater disposal well was successfully completed on
November 28th.
The rig is currently mobilizing for the second phase of
operations, which is targeted at bringing the first
high-impact production well into production."

Sonoran Energy has immediate access to $12 million of
this three-year debt facility, with an additional
$3 million as more of the Company's proved reserves
are brought into production.

Brian Knezeak, Standard Americas Inc. Senior Vice President,
Director Energy Finance North America, said:
"The energy group at Standard Bank, along with our
partners Nordkap, are pleased to support the implementation
of Sonoran's clear strategy and its plans to profitably
exploit its proved oil and gas properties.
We look forward to our collaboration with Peter and
his management team."

For further information regarding Standard Bank plc and
Nordkap Bank AG, please access their respective websites at
http://www.standardbank.com/
and
http://www.nordkapbank.com/

About Sonoran Energy, Inc.

Sonoran Energy -
is a US-based independent oil and gas company that explores,
develops, and enhances the performance of high value oil
and gas opportunities. With a focus on health, safety and
the environment, we leverage the Company's innovative
organizational alignment model with leading -
technical partners.

For more information contact:
Investor Relations
Dana Johnston
Taylor Rafferty
Tel: [phone]
Email: [e-mail]

http://biz.yahoo.com/prnews/071130/nyf056.html?.v=101

mick thanks its good and in the IBox -
accumulation/distribution , 50ema-200ema , sar , slow sto , cmf


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