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Explosive pick for our members!
PETRO SUN DRILLING (P S U D)
Current Price: 1.55
Don't get caught in the dust, start watchin today because
this company
has been known to release major news at any time which could
bring the
sto ck up!!
Current News
Petro Sun Announces Acquisition of ETC Energy
Petro Sun Drilling Inc. an emerging provider of oilfield
services to major and independent producers of oil and
natural gas,
announced today that the company has acquired ETC Energy,
LLC. The terms
of the transaction include a purchase price of 250,000
shares of
PetroSun Drilling restricted common stock and naming Earl
Thomas Conley as
president of ETC Energy.
Under Conley's stewardship, ETC Energy will undertake
several
initiatives designed to enhance relations within the Native
American community.
The company will seek to establish joint ventures within
Native
American lands to develop natural resources that include
oil, natural gas and
wind power. ETC Energy plans to create employment
opportunities and
increasee royalty revenue within native lands as a key part
of their
endeavors.
ETC Energy will also assist PetroSun subsidiary Algae
BioFuels in the
negotiations for a potential location for a biodiesel
production
facility and refinery within native lands. Algae cultivation
as an energy
source is an economically feasible and eco-friendly
alternative to
petroleum-based transportation fuels.
About Petro Sun
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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