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[Chinese-authors] Stock Watch Alert
From: |
Juan Ellison |
Subject: |
[Chinese-authors] Stock Watch Alert |
Date: |
Tue, 25 Jul 2006 11:51:32 -0480 |
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Current_Price: 1.40
5 day Expected 3.60
Current News
Jul 24, 2006
Petro Sun Drilling, Incorporated announced today that the company has entered
into a Letter of Intent to acquire working interest in the Sibley Field of
Webster Parish, Louisiana. The closing date of the transaction is scheduled for
August 8, 2006, subject to the terms of an agreement with ALM Trust Properties,
LLC and the Morgan Elizabeth Miles Trust.
The leasehold of approximately 1,000 acres includes four proven producing
Pettit/Rodessa natural gas and/or oil wells and a minimum of fourteen proven
undeveloped oil and natural gas locations as determined by the geological
evaluation of well control data. The Pettit, Rodessa, Mooringsport and Paluxy
are geological formations that produce oil and/or natural gas within the Sibley
Field.
Petro Sun will commence a development program targeting the Mooringsport and
Paluxy oil reserves immediately after the closing of the acquisition.
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 Petro Sun visit the company's website.
There is absolutely reliable evidence this stock will show stunning results
very soon.
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