This is a Brand New Compnay Never Marketed Before.
We have seen these types move 4.00 in the first day of
marketing.
We Expect the 6th to be unbelieveable.
THIS IS A SOLID COMPANY.
PETROSUN DRILLING (PSUD)
Current Price: 1.30
Up .05 Friday without any marketing!
Current News
PetroSun Announces Formation of Algae BioFuels
PetroSun Drilling Inc. (PSUD - News), an emerging provider
of oilfield
services to major and independent producers of oil and
natural gas,
announced today that the company has formed Algae BioFuels
Inc. as a
wholly owned subsidiary. Algae BioFuels will be engaged in
the research and
development of algae cultivation as an energy source in the
production
of biodiesel, an economically feasible and eco-friendly
alternative to
petroleum-based transportation fuels. The R&D and
production facilities
for Algae BioFuels will be based in Arizona and Australia.
"PetroSun's formation of Algae BioFuels is a
forward-looking strategy,"
said L. Rayfield Wright, president of PetroSun. "The
0pp0rtunity to
produce a renewable energy product that will assist in
providing a
healthier planet for future generations cannot be
ignored."
Biofuel is any fuel that is derived from biomass -- which
contains
recently living organisms or their metabolic byproducts.
Biofuel is a
renewable energy source, unlike other natural resources such
as petroleum,
coal and nuclear fuels. Agricultural products specifically
grown for use
as biofuels include corn and soybeans.
Extensive research is currently being conducted to determine
the
utilization of microalgae as an energy source, with
applications being
developed for biodiesel, ethanol, methanol, methane and even
hydrogen.
Independent studies have demonstrated that algae is capable
of producing 30
times more oil per acre than the current crops now utilized
for the
production of biofuels. Algae biofuel contains no sulfur, is
non-toxic and
highly biodegradable.
The Office of Fuels Development, a division of the
Department of
Energy, funded a program from 1978 through 1996 under the
National Renewable
Energy Laboratory known as the "Aquatic Species
Program." The focus of
this program was to investigate high-oil algae that could be
grown
specifically for the purpose of wide-scale biodiesel
production. Some
species of algae are ideally suited to biodiesel production
due to their
high oil content, in excess of 50%, and extremely rapid
growth rates.
One of the biggest advantages of biodiesel, compared to many
other
alternative transportation fuels, is that it can be used in
existing diesel
engines, which relieves automotive manufacturers of having
to make
costly engine modifications. Biodiesel can also be mixed, at
any ratio,
with conventional petroleum diesel. As a result, the
alternative fuel can
be used in the current distribution infrastructure,
replacing petroleum
diesel either wholly, or as a diesel fuel blend with minimal
integration costs.
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. 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.
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