공시 • May 30
PetroSun, Inc. Appoints R Gerald Bailey as Executive Vice President PetroSun, Inc. announced the appointment of Dr. R. Gerald Bailey to the position of Executive Vice President of the company. Dr. Bailey has been actively involved with PetroSun for many years, and currently serves as a member of the Board of Directors. His experience in the Energy industry in executive roles makes him an outstanding addition to the management team of the company as move into production and implementation of broad portfolio of technologies. With the recent disclosure of $23.6 Billion in estimated lithium and helium reserves, his experience as the former President of Exxon - Arabian Gulf, and other energy industry endeavors, will provide the expertise, knowledge, and leadership to the company during this critical time of exploiting helium assets and the commercialization of the technologies. In addition to the Science and Technology Advisory Board, current support staff, and the significant number of industry consultants and partners, PetroSun is well positioned to move into production and revenue with a highly qualified and experienced group led by the executive team of Gordon LeBlanc Jr and Dr. Jerry Bailey. 공시 • May 18
PetroSun, Inc. Announces an Increase in Lithium Reserves and Anticipated Production Start Date PetroSun, Inc. announced an increase in lithium reserves and anticipated production start date. PetroSun and its technology affiliates are confident in ability to extract and process lithium from both clay and brine water on a level that is both economically viable in market and environmentally friendly. This confidence is also trending over into the ability to secure the capital requirements from government loan programs and the private sector for the initial extraction and processing plants for both a clay and brine water. These plants will be located in the US. The company is pursuing opportunities in the Salton Sea area of California and the Smackover Trend located in South Arkansas, North Louisiana, East Texas and Mississippi for the extraction and processing of lithium and other elements of economic value. There are continuing evaluations of its holdings in the Four Corners (Arizona, New Mexico, Colorado and Utah) and in Mexico; which is rich in lithium concentrations, but also zeolite, rubidium and cesium in commercial quantities. The zeolite clay reserves have increased to approximately 500 million metric tons and the latest content analysis issued by the Arizona State University lab indicates a lithium concentration of 2,452ppm. This lithium concentration would provide for 1,226,000 gross metric tons of lithium with a current market value of $18.987 billion based on $15,487 per ton. 공시 • May 15
PetroSun Issues Helium Program Update and Announces Estimated Helium Reserves in Holbrook Basin of $4.7 Billion PetroSun, Inc. announced two separate transactions that provided assignments of Oil, Gas and Helium working interests in the Central Holbrook Basin to Exodus Energy, Inc. and Pivot Point Energy, Inc. The working interest covers 11,430.53 acres of ASLD leases, subject to the working interest partners respective participation. The working interest acquired by the parties totals 75%, with Exodus Energy acquiring 50% and Pivot Point Energy obtaining a 25% working interest position. The balance of the working interest is held by PetroSun and affiliates. The Central Holbrook Basin and the leases subject to the above transactions are associated with structures that have been drilled by PetroSun or its subsidiaries and are proven to contain commercial concentrations of helium. The helium concentrations within the gas streams peaked at 9.3% per the analysis provided by Wyoming Analytical Lab. A Contingent Resource Report was issued by MHA and later confirmed by Sproule that the helium potential of the Concho Dome structure has a median recoverable helium reserve estimate of 3.453 billion cubic feet. Based on a lower-case market price of $250 per thousand cubic feet the Central Holbrook Basin Concho Dome calculates to have a gross valuation of approximately $863 million. The Sproule Report on the adjacent Central Holbrook cluster of structures contained within the leasehold were stated to have recoverable helium reserves of 15.467 billion cubic feet based on a stochastic evaluation. The lower-case gross economic value of these structures would exceed $3.86 billion. 공시 • Oct 29
PetroSun, Inc. Announces That It Plans to Commence Drilling Operations At Its Manuel Seep Field During the Week of October 31, 2022 PetroSun, Inc. announced that it plans to commence drilling operations at its Manuel Seep field during the week of October 31, 2022. The Company has executed a drilling contract with Aztec Well Servicing Co. and plans to resume drilling operations at the Manuel Seep 2-1 Well (the "MS 2-1") in order to reach total depth. The well is prospective for helium. Drilling operations on the MS 2-1 were previously suspended during COVID-related lockdowns. The resumption of operations will deepen the existing wellbore to its target depth, and the well will then be tested to determine the presence and size of any helium discovery.