SOURCE: PetroSun, Inc.

December 19, 2006 06:00 ET

PetroSun Corporate Update: Muslow #1

PHOENIX, AZ -- (MARKET WIRE) -- December 19, 2006 -- PetroSun, Incorporated (PINKSHEETS: PSUD) announced today that Wilcox Operating advised the Company that the Muslow #1 will be drilled to the contract depth of 5,000 feet by the end of December. The Muslow #1 is located in Section 5, Township 20 North, Range 15 West of Caddo Parish, Louisiana. Testing of the well should be completed by mid-January 2007.

The primary objective of the Muslow #1 is the Pettit formation at 4,400 feet. The Rodessa Hill section also produces natural gas and oil in the area adjacent to the 2,961-acre Wilcox Operating Muslow tract.

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 2007. 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

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