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Latest PetroSun Inc. Stories

2008-11-13 15:00:24

PetroSun, Inc. (PINKSHEETS: PSUD) is pleased to announce that PetroSun BioFuels Marketing, a wholly owned subsidiary, has completed an Interim Biofuels Agreement to market an initial 384,000 gallons of certified B99 biodiesel. Monthly B99 biodiesel allocations will be offered for sale to qualified buyers. The Company is working to complete final agreements with biodiesel refiners that will include future algal oil feedstock supply for conversion into biodiesel. About PetroSun PetroSun,...

2008-11-13 12:00:21

PetroSun, Inc. (PINKSHEETS: PSUD) announced today that the oil and gas division of the company will commence drilling operations on the Manuel Seep Prospect upon the receipt of a permit to drill, completion of site location and arrival of the drilling rig. The Manuel Seep Prospect is located in the Holbrook Basin of Apache County, Arizona. PetroSun maintains oil and gas rights to 985,000 plus acres in the Holbrook Basin of Arizona and the San Juan Basin of New Mexico. The initial well on...

2008-10-14 15:00:23

PetroSun, Inc. (PINKSHEETS: PSUD) is pleased to announce the results of the recent meetings held in China with our partner Shanghai Jun Ya Yan Technology Development Co, Ltd and regional authorities. The Joint Venture visited potential algae farm system sites in YanCheng, Xiangshui County and New Zone Cixi, Zhejiang. The locations inspected meet all of the requirements for large scale commercial production of algae, biofuel processing and access to multiple markets. Shanghai Jun Ya Yan will...

2008-10-06 09:00:48

PetroSun, Inc. (PINKSHEETS: PSUD) announced today that PetroSun BioFuels, Inc., a wholly-owned subsidiary, has entered into an Agency Agreement with Biomass Partners, LLC to secure land surface rights and existing farm ponds for the purpose of effectuating its proprietary algae-to-biofuels technology. The territories outlined in the agreement are the states of Alabama, Mississippi, Louisiana and Arkansas. Biomass Partners and PetroSun BioFuels will be offering Real Property Aquaculture...

2008-09-18 15:00:32

PetroSun, Inc. (PINKSHEETS: PSUD) announced today that PetroSun Oilfield, Inc., a wholly owned subsidiary, has placed a second purchase order for steel oilfield pipe to be delivered into the Port of Houston during the fourth quarter of 2008. The origin of the product is China. The following Table indicated the categories of tubing and casing that are included in this second order for oilfield pipe: Categories of Tubing and Casing: Diameter (in inches) Weight...

2008-09-09 12:00:35

PetroSun, Inc. (PINKSHEETS: PSUD) announced today the following updates of corporate activities related to its algae-to-biofuel technology and filing of financial statements. Financial Statements and Other Filings The Company filed its 2Q 2007 Financial Statement with Pink Sheets on September 8, 2008. All other quarterly and annual financial reports due through the 2Q 2008 will be filed in succession after a review process. The Company and its accounting firm project the completion of...

2008-08-21 15:01:00

PetroSun, Inc. (PINKSHEETS: PSUD) announced today the following corporate updates. Financial Statements and Other Filings The Company has scheduled sufficient time with its accounting firm during the week of August 25th to complete its financial statements through the second quarter of 2008. PetroSun has renewed its agreement with the OTC Disclosure and News Service and will be posting its updated financial statements on the Pinksheets.com website. "The focus of PetroSun has been on the...

2008-08-05 12:00:59

PetroSun, Inc. (PINKSHEETS: PSUD) announced today that the company has notified Science Applications International Corporation (SAIC) that it is withdrawing as a team member as it relates to the Defense Advanced Research Projects Agency (DARPA) BAA08-07 Biofuels-Cellulosic and Algae Feedstocks program. "Although it was an honor to be selected as a team member with such an elite group of companies, PetroSun has chosen to go down a separate path in order to expedite the potential of algae...

2008-07-31 09:01:16

PetroSun, Inc. (PINKSHEETS: PSUD) announced today the following updates for its algae-to-biofuels division. Australian Operations The Letter of Intent between the PetroSun and Icon Energy was recently terminated by mutual consent. The companies are negotiating a new agreement that would create a joint venture between the parties for the development of an algae-to-biofuels commercial farm system in Queensland, Australia. PetroSun is also engaged in negotiations to establish a commercial...

2008-07-28 12:01:00

PetroSun, Inc. (PINKSHEETS: PSUD) announced today that the Board of Directors has authorized the buyback of up to 12 million shares or approximately twenty-five percent of the company's common stock currently issued and outstanding over a nine month period. "The share buyback plan demonstrates the Board of Directors confidence in the cash-generating capabilities of our algae-to-biofuels technology and the recently announced oilfield tubing and casing sales agreement," stated PetroSun CEO...


Word of the Day
lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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