SOURCE: PetroSun, Inc.

September 22, 2006 14:02 ET

PetroSun Corporate Update

PHOENIX, AZ -- (MARKET WIRE) -- September 22, 2006 -- PetroSun, Incorporated (PINKSHEETS: PSUD) announced today that the Purchase and Sale Agreement with the ALM Trust Properties, LLC has been executed and the closing date has been set for October 3, 2006.

PetroSun will acquire the ALM Trust Properties working interest in the Sibley Field of Webster Parish, Louisiana.

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 at http://www.petrosun.us

Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

Contact Information

  • Contact:
    PetroSun, Inc.
    Investor Relations
    Email Contact
    (602)-487-6486