"Ala Nuseibeh and his family have been key players in the Middle East business community for close to 50 years," said Peter Ostenfeld-Rosenthal. "This strong network will help Sonoran Energy, and its subsidiary Baron Oil, in building a strong base of oil and gas contracts throughout the region. In addition, Mr. Nuseibeh's extensive experience in the Caspian region will play a significant role in the Company's on-going efforts to secure Production Sharing Agreements in Kazakhstan."
"Sonoran Energy has an excellent opportunity to be positioned as an important player in the oil and gas industry in the Middle East and Caspian region," said Ala Nuseibeh. "I look forward to assisting Sonoran Energy in securing funding, identifying projects, and arranging strategic partnerships in the Middle East and the Caspian region. With the appropriate introductions to investors who understand the region, and are familiar with our experience, there is an excellent opportunity to aggressively move Sonoran Energy forward."
Ala Nuseibeh has several interests in oil and gas corporations dealing with procurement of products and services for national and international oil & gas corporations. He has assisted blue chip corporations in penetrating into the Middle East, which resulted in early successes. Nuseibeh moved into the oil and gas industry after working with his family's successful construction business in Qatar. As an expert in Middle East oil and gas, Nuseibeh specializes in identifying upstream and downstream oil and gas opportunities, arranging strategic partnerships, and facilitating project financing. Since 2002, Mr. Nuseibeh has been Middle East Director of Baron Oil, which was recently acquired by Sonoran Energy.
About Sonoran Energy
Sonoran Energy, Inc. is an independent oil and gas company with a presence in Iraq, Jordan, Norway and North America. The Company intends to build a portfolio of high producing oil and gas fields in the Middle East and the Caspian Region - with production potential in excess of 50,000 barrels of oil per day (BOEPD), and is pursuing material and high value global oil and gas upstream opportunities. Sonoran Energy is concurrently pursuing high value upstream opportunities in North America.
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.