CALGARY, Alberta, October 25, 2010 /PRNewswire/ -- Sonoro Energy
Ltd. ("Sonoro" or "the Company") (TSX-V: SNV) today announced it
has formed a strategic alliance with Inglett & Stubbs
International Ltd. ("Inglett") whereby Inglett will support the
execution of certain operations in Salah ad Din, Republic of
Iraq.
Inglett has developed advanced design and building procedures
that allow them to efficiently manage the most technically complex
construction projects under difficult conditions and have become
leaders in their industry. Inglett is known for exceptional
performance and innovative design with a focus on providing turnkey
solutions for worldwide projects in the harshest environments,
including Afghanistan and
Iraq where they have experienced
personnel deployed.
As announced on October 4, 2010,
Sonoro has been granted a license to construct and operate topping
facilities within the province of Salah ad Din, Iraq with the further exclusive rights to
explore for heavy oil. Inglett will provide initial logistical and
operational support and the establishment of operations within
Salah ad Din. The Company will work closely with Inglett to source
a topping facility for construction and deployment in 2011. The
Company and Inglett will also collaborate in reviewing power
generation opportunities from products processed at the Company's
topping facility once operational.
Over the next three months the Company plans to pursue leads on
potential heavy oil resources within the province, to design a
comprehensive exploration program, to drill initial stratigraphic
wells and determine potential development programs to supply its
topping facility.
Richard Wadsworth, President and
CEO of Sonoro, commented "We are extremely pleased to have Inglett
& Stubbs International Ltd. as a strategic partner. They have a
wealth of experience in Iraq since
2003, know the Salah ad Din region and the overall Iraq landscape. They have seasoned personnel
in Iraq and understand that the
management of the operating environment is an important step for
Sonoro, enabling us to rapidly move to exploration for resources
and their subsequent development."
Tony Sinyard, President of
Inglett, commented: "We view Iraq
as a significant growth opportunity in both oil resources and power
generation. We have the ability to rapidly deploy power solutions
to meet the high demand for power in Iraq. We are aligning ourselves with Sonoro as
they have developed strong relationships in Iraq that have resulted in securing resource
rights in Salah ad Din, an area known to have vast oil resources.
We have the ability to assist Sonoro in establishing initial
operations and constructing its facilities with our existing team
of experienced professionals in Iraq."
Sonoro intends to continue to pursue additional oil development
opportunities in the Middle East
and internationally with an initial focus on heavy oil, bitumen and
asphalt resources in Iraq. The
Company is leveraging its proprietary technology and its
operational experience which provide a strategic competitive
advantage in capturing and developing such resources.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Statements in this release that are forward-looking statements,
including the exploration success and development plans in
Iraq, are subject to risks and
uncertainties, including those specific factors disclosed under the
heading "Risk Factors" and elsewhere in the Company's periodic
filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the
date hereof based on information currently available. The Company
does not assume the obligation to update any forward-looking
statement except in compliance with applicable securities laws.
For further information:
Please contact Richard Wadsworth,
Chief Executive Officer, at: Tel: +1(403)744-4050, Email:
IR@SonoroEnergy.com
http://www.SonoroEnergy.com
