Sonoran Energy acquires Baron Oil

By OGJ editors
HOUSTON, Nov. 17 -- Sonoran Energy Inc., Phoenix, Ariz., completed its acquisition of Baron Oil, a privately held Norwegian company with assets in the Middle East and oil and gas reserves in Texas.

Under the transaction terms, Baron Oil shareholders will receive 19 million shares of Sonoran Energy restricted common stock in exchange for their shares in Baron Oil.

Sonoran Energy is an independent expanding in North America, the Middle East, the Caspian region, and North Africa.

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