QualityStock's Smallcap Stock Clients - PetroSun, Inc. (PSUD.PK)

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PetroSun is one of our highlighted companies this month. The company offers a range of oilfield well services in the United States. It provides drilling contractor services, workover services, tubulars, and related supplies and equipment, as well as digital monitoring and surveillance equipment and services in the oil exploration, development, and production industry.

 

In our client’s news today,

 

PetroSun announced today that its Board of Directors have met to review the company’s operations and projects proposed for rest of this year. It is important for any business to have both long and short term goals.

 

In the Oil and Gas division of the company, PetroSun will focus on its exploration program in Arizona, Western Australia and Queensland during the next six months. The Holbrook Basin of Arizona, Canning Basin EP 417 and EP 442 of Western Australia, and the ATP 626P Stitch of Queensland, Australia will be the specific targets.

 

In the Biofuel division, the company has scheduled to demonstrate the viable commercial option algae-to-biodiesel brings to the market place. Recent announcements of the demonstration have already generated interest in the Company and its product which has initiated discussions with several biofuel producers that could lead to sales and joint venture agreements.

 

In the Alternative Energy Technology division, PetroSun plans to begin the testing of the ElectraTherm Gas Pressure Reduction Generator in Louisiana. The generator uses pressure from gas wells and pipelines to create energy-free electricity.

 

PetroSun is also striving to further establishing its global status as it looks to expand into Australia. Its planned transaction with Icon Energy to form PetroSun BioFuels will produce and market algae biofules in the continent and potentially expand the company into other regions.

 

 

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