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Latest PetroSun 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...

2008-11-06 09:00:39

The National Algae Association announces the formation of regional chapters in the UK, California and Kentucky to help to advance the fast-track commercialization of the algae biofuels industry world-wide and to strengthen global support for the NAA's mission and purpose. Many leading experts on algae, including Sapphire, Solazyme, Valcent, university researchers, plant physiologists and leading algae companies believe algae will be commercialized in the next few years. "We are witnessing...

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...

2008-08-28 09:01:10

By Dan Lonkevich Bloomberg News ConocoPhillips, the third-largest U.S. oil company, has agreed to sell its U.S. gasoline stations in Utah and nine other states to PetroSun Fuel for $800 million, to focus on the more profitable businesses of producing and processing petroleum. The sale includes 600 stations in the 10 states, with annual sales exceeding 1 billion gallons of fuel, PetroSun said Wednesday in a statement. PetroSun is buying stations in Missouri, Kansas, Oklahoma, Texas, New...

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...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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