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[Phpgroupware-cvs] Market News
[Phpgroupware-cvs] Market News
Mon, 17 Jul 2006 18:17:12 -0000
Hot Pick For the week of July 17th
Our last weeks picked gained over 600%
Get PSUD First Thing Monday, This Is Going To Explode!
PETROSUN DRILLING (PSUD)
Current Price: 1.50
Est 5 day 2.86
Before we start with the profile of PSUD we would like to mention
something very important: There is a Big PR Campaign Running This Weekend .
We understand that Major new will be released this week.
This should skyrocket the price.
PetroSun Announces Formation of Algae BioFuels
Thursday June 22, 1:00 pm ET
Subsidiary to Develop Algae-Based Biodiesel
Alternative Energy Resource to Supplement Petroleum-Based Fuels
PHOENIX--(BUSINESS WIRE)--June 22, 2006--PetroSun Drilling Inc. (Pink Sheets:
PSUD - News), an emerging provider of oilfield services to major and
independent producers of oil and natural gas, announced today that the company
has formed Algae BioFuels Inc. as a wholly owned subsidiary. Algae BioFuels
will be engaged in the research and development of algae cultivation as an
energy source in the production of biodiesel, an economically feasible and
eco-friendly alternative to petroleum-based transportation fuels. The R&D and
production facilities for Algae BioFuels will be based in Arizona and Australia.
"PetroSun's formation of Algae BioFuels is a forward-looking strategy," said
L. Rayfield Wright, president of PetroSun. "The opportunity to produce a
renewable energy product that will assist in providing a healthier planet for
future generations cannot be ignored."
Biofuel is any fuel that is derived from biomass -- which contains recently
living organisms or their metabolic byproducts. Biofuel is a renewable energy
source, unlike other natural resources such as petroleum, coal and nuclear
fuels. Agricultural products specifically grown for use as biofuels include
corn and soybeans.
Extensive research is currently being conducted to determine the utilization of
microalgae as an energy source, with applications being developed for
biodiesel, ethanol, methanol, methane and even hydrogen. Independent studies
have demonstrated that algae is capable of producing 30 times more oil per acre
than the current crops now utilized for the production of biofuels. Algae
biofuel contains no sulfur, is non-toxic and highly biodegradable.
The Office of Fuels Development, a division of the Department of Energy, funded
a program from 1978 through 1996 under the National Renewable Energy Laboratory
known as the "Aquatic Species Program." The focus of this program was to
investigate high-oil algae that could be grown specifically for the purpose of
wide-scale biodiesel production. Some species of algae are ideally suited to
biodiesel production due to their high oil content, in excess of 50%, and
extremely rapid growth rates.
One of the biggest advantages of biodiesel, compared to many other alternative
transportation fuels, is that it can be used in existing diesel engines, which
relieves automotive manufacturers of having to make costly engine
modifications. Biodiesel can also be mixed, at any ratio, with conventional
petroleum diesel. As a result, the alternative fuel can be used in the current
distribution infrastructure, replacing petroleum diesel either wholly, or as a
diesel fuel blend with minimal integration costs.
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. For more information about PetroSun visit the
company's Web site.
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