SOURCE: PetroSun, Inc.

March 28, 2007 13:38 ET

PetroSun Announces Update of Completion Operations on the Muslow #1

PHOENIX, AZ -- (MARKET WIRE) -- March 28, 2007 -- PetroSun, Incorporated (PINKSHEETS: PSUD) announced today that Wilcox Operating has moved the workover rig onto the Muslow #1 location and final completion operations have commenced. The Muslow #1 will be perforated in the Rodessa formation within a series of zones that log and side wall core analysis indicated as being oil productive.

About PetroSun

PetroSun's current oil and gas operations are concentrated in the Ark-La-Tex region with plans to expand into New Mexico, Arizona and Australia in 2007. 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 framework, create long term value for PetroSun shareholders and partners. PetroSun is headquartered in Phoenix, Arizona with field offices in Shreveport, Louisiana and Opelika, Alabama. For more information about PetroSun visit the company's website at http://www.petrosuninc.com.

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