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re: Watcher Update

From: bug-gfe
Subject: re: Watcher Update
Date: Tue, 15 Aug 2006 05:07:44 -0060

This has already started to climb. Up .23 on Monday alone 

Get PSUD First Thing Today! 
This Is Going To Explode! 
Check out for HOT NEWS! 

Current Price: .89
5 day expected 1.60

Current News

PetroSun Acquires 985,000 Acres of Oil and Gas Mineral Rights in New Mexico and 
Wednesday August 9, 5:53 pm ET 

PHOENIX, AZ--(MARKET WIRE)--Aug 9, 2006 -- PetroSun Drilling, Incorporated 
(Other OTC:PSUD.PK - News), announced today that the company has entered into a 
lease agreement with NZ Oil and Gas, LLC that contains 985,000 acres of oil and 
gas mineral rights in New Mexico and Arizona. The leasehold includes 
prospective acreage in the San Juan Basin of New Mexico and the Holbrook Basin 
of Arizona that was reviewed in an independent Qualitative Assessment of Oil 
and Gas Potential by the Ryder Scott Company.

The initial term of the leasehold agreement is for a period of five years. 
During this timeframe, PetroSun plans to engage in strategic joint ventures 
with industry partners to fully exploit the prospective acreage. PetroSun 
subsidiaries, Bengal Drilling and Bobcat Pipe & Supply, will provide the 
drilling services, pipe and equipment for the projects. The Company intends to 
begin its exploration activities within the NZOG leasehold during the third 
quarter of 2006.

The San Juan Basin is the second largest natural gas field in the contiguous 
United States. The basin contains more than 300 oil and gas fields that produce 
from the Paleozoic, Jurassic, Cretaceous and Tertiary reservoirs.

The Holbrook Basin of Apache County, Arizona contains former helium producing 
fields (Pinta Dome, Navajo Springs and East Navajo Springs) and promising 
indications of oil, natural gas, helium and CO2 from exploration wells drilled 
within the basin.

PetroSun Corporate Update
Tuesday August 8, 1:30 pm ET 

PHOENIX, AZ--(MARKET WIRE)--Aug 8, 2006 -- PetroSun Drilling, Incorporated 
(Other OTC:PSUD.PK - News) announced today that the company has filed its March 
31, 2006 quarterly financial statement with Pink Sheets.
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. 
Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer 
of biodiesel derived from the cultivation of algae. 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, Arizona. For 
more information about PetroSun visit the company's website

World Reports
 CHICAGO, Illinois (AP) -- While indie rock band Cursive played one of the nine 
stages at the Lollapalooza music festival, a nearby air-conditioned tent was 
packed with people checking their e-mail, updating their blogs and charging 
their cell phones.

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