cardinal-dev
[Top][All Lists]
Advanced

[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[Cardinal-dev] Under the wire news


From: Eugene Dunlap
Subject: [Cardinal-dev] Under the wire news
Date: Fri, 18 Aug 2006 15:31:02 -0000

We hear of a big news release on Monday. Today may be your last chance to get 
in low.

This has already started to climb. 
Up .23 on Monday! 
Up another .45 Tuesday! 
Up another .37 Wend! 
Up again on Thrus with the price reaching 2.13

We predict the growth to climb over 3.00 in the next 5 days of trading.

Get PSUD First Thing Today! 
This Is Going To Explode! 
Check out for HOT NEWS!

Current Price: 1.65
5 day forcast 3.70

Current News

PetroSun Acquires 985,000 Acres of Oil and Gas Mineral Rights in New Mexico and 
Arizona
Wednesday August 9, 5:53 pm ET 

Aug 9, 2006 -- PetroSun Drilling, Incorporated (Other OTC:PSUD.PK - News), 
announced today that the company has entered into a lease agreement with NZ Oil 
and Gas, LLC that contains 985,000 acres of oil and gas mineral rights in New 
Mexico and Arizona. The leasehold includes prospective acreage in the San Juan 
Basin of New Mexico and the Holbrook Basin of Arizona that was reviewed in an 
independent Qualitative Assessment of Oil and Gas Potential by the Ryder Scott 
Company.

The initial term of the leasehold agreement is for a period of five years. 
During this timeframe, PetroSun plans to engage in strategic joint ventures 
with industry partners to fully exploit the prospective acreage. PetroSun 
subsidiaries, Bengal Drilling and Bobcat Pipe & Supply, will provide the 
drilling services, pipe and equipment for the projects. The Company intends to 
begin its exploration activities within the NZOG leasehold during the third 
quarter of 2006.

The San Juan Basin is the second largest natural gas field in the contiguous 
United States. The basin contains more than 300 oil and gas fields that produce 
from the Paleozoic, Jurassic, Cretaceous and Tertiary reservoirs.

The Holbrook Basin of Apache County, Arizona contains former helium producing 
fields (Pinta Dome, Navajo Springs and East Navajo Springs) and promising 
indications of oil, natural gas, helium and CO2 from exploration wells drilled 
within the basin.

About PetroSun 

PetroSun's current operations are concentrated in the Ark-La-Tex region with 
plans to expand into New Mexico, Arizona, Utah and Australia in 2006. PetroSun 
provides a comprehensive array of products and services to the oil industry. 
Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer 
of biodiesel derived from the cultivation of algae. The Company's cutting edge 
technologies, combined with a proven ability to apply them effectively and 
safely within a disciplined ROI framework, creates long term value for PetroSun 
shareholders and partners. PetroSun is headquartered in Phoenix, Arizona. For 
more information about PetroSun visit the company's website 






reply via email to

[Prev in Thread] Current Thread [Next in Thread]