Petrosun Inc (PK) (PSUD) News

More good news today with big numbers, seems to me they only put that stuff out in order for some of these dilution guys to dump more shares into the market. These guys are beyond fishy unfortuantely. What a shame.

More positive news from PetroSun today. Their original estimates on the Mexico Lithium lease were low. New estimated reserves are just under 19 billion dollars. And they are giving projected dates for production Q2 of 2025 with a pilot operation potentially starting Q4 2024. They also mentioned several other ongoing projects that look promising to me. I'm a long term investor only. Had this stock for years based on Helium. Now lithium has taken over as the #1 thing I'm focused on due to the huge potential , along with several other (smaller) items like lithium processing, Zeolite Clay, rubidium, cesium, natural gas and water processing have all added to my original convictions about this stock.

With yesterday's release along with today's, we are receiving information we have been waiting for for quite awhile. With the reserves information noted from Sproule, our helium reserves at Holbrook have increased from 2.29 billion cubic feet to 18.92 billion cubic feet. The helium has tested out at 9.3% of the gas tested which is an incredibly high percentage. This is all great news for greater valuation of PSUD. Operational updates are expected to be released over the next 90 days. In looking at the reserves and their value, they show a value of $4.7 billion based on $250 per million cubic foot. This actually seems a bit low priced based on information available online. We have all been waiting, some patiently and some impatiently, for good news on PSUD. This appears to be some of the very good news we have been hoping for.
PSUD has also taken on 2 new partners to fund the processing plant and to drill more wells. These are very valuable partnerships that will help in the generation of revenue.

PetroSun Issues Helium Program Update and Announces Estimated Helium Reserves in Holbrook Basin of $4.7 Billion
Press Release | 05/13/2024
PHOENIX, AZ / ACCESSWIRE / May 13, 2024 / PetroSun, Inc (OTC PINK:PSUD) (the "Company") announced today 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 seventy-five percent (75%), with Exodus Energy acquiring fifty percent (50%) and Pivot Point Energy obtaining a twenty-five percent (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.

PetroSun CEO Gordon LeBlanc, Jr stated, "My primary purpose on returning to the Company a year ago was to bring PetroSun into revenue generating status. It has been a 30-year journey in the Holbrook Basin and I am grateful to now bring in partners that can cause the commercialization of the gas that would not burn on a July 4th more than two decades ago. Exodus Energy has committed to acquiring and commissioning a helium processing plant, subject to the flow-testing and gas composition analysis of existing wellbores. Both parties have also committed to the drilling of helium development wells during 2024 and beyond, subject to successful efforts. Operational updates will be provided on a regular basis during the next 90 days."

"Finally, it is personally painful to not have Chris Sumner and John Templin with us to witness all of our combined efforts and sacrifice to see this project enter this long-desired phase of operations. No doubt that you are with us in spirit."

About PetroSun

PetroSun, Inc. is a fully integrated energy and mining business focusing on Lithium, Zeolite Clays, Rare Earth Elements, Mine Tailings, Helium, Natural Gas and Water Processing through the use of cutting-edge technologies, a broad portfolio of assets and leases, and a management team with decades of research, development, and production experience. PetroSun is vertically integrated with control of all aspects of the business from exploration and production to delivery to end users, providing customers direct customized solutions and shareholders maximum returns by participating in profitability at each stage in the supply chain.

PetroSun, Inc. owns significant leasehold acreage that is prospective for helium exploration and production in the Holbrook Basin of Arizona and for natural gas and helium in the Paradox Basin of Utah. The Company holds mineral leases on approximately 280,000 gross acres in the Holbrook Basin and Pedregosa Basin of Arizona and over 26,000 gross acres in the Paradox Basin. PetroSun's greatest assets are its shareholders, partners, advisors, employees, and its patented and proprietary technologies. We seek to provide global solutions to some of the most critical challenges the world faces today and into the future.

The Company trades on the OTC Pink Sheets under the symbol "PSUD".

For additional information:

Contact PetroSun at mallison@petrosun.us

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "ongoing", "plan", "potential", "predict", "project", "should", "will", "would", or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are disclosed on the OTC Market.com website. Contact: PetroSun, Inc. 2999 North 44th Street, Suite 620 Phoenix, Arizona 85018 480-425-4290; Website: www.petrosun.us.

SOURCE: PetroSun, Inc.

You are obviously the typical uninformed and zero due diligence troglodyte investor that invests all of his money based purely on what is written on forums, motleyfools posts and Twitter feeds. Zero investment or knowledge of financial markets and zero research in their own investments, and then loses their mind when they can't make bags of cash shorting stocks, and proceeds to voice their garbage uneducated opinions to people who dont care what you have to say. Did you also buy Logan Paul's crypto zoo??? I heard it's a smash investment! Your posts simply amaze me that simpletons and cretins like you actually have platforms to voice your low IQ garbage.

Why don’t you call the company? Oh wait only one person responds. The supposed CEO with no other employees. Just being real here. Trust me I would sell if I could, but no buyers for this peace if shit. I don’t want any other investors falling into this nonsense believing this is legit. Don’t be upset body. See for yourself.

How about you sell? Why do posters like you write garbage posts and assume we are uneducated investors that do zero due diligence or research. Srsly, sell and go away or stop posting garbage.

What do you actually know about the company? Do you know how many people work in a company? Have you spoken to any employees? Exactly! before you start spewing nonsense misleading people take a good look at yourself first

Anyone got news? Wasn't Holbrook updates scheduled to come in Jan? I hope that no news is good news))). I'm quite excited and looking forward to 2024...I'm certain things are on the up and up.

Let's try to think before we post. We all sympathize with you BUT spouting out statements like this on the only visible investor forum for the company can only hurt 'all of us' as investors. Are you trying to 'drive away' potential investors and in the process become a factor ensuring your investment stays under water? If so then by all means grab the microphone and rant on. If you have any actual evidence showing shady dealings of the company please articulate it and reference it. We all would be interested. Likewise if you want to investigate the company get off you 'rear end' and do it. You may even find others willing to assist if you make a reasonable inquiry on the forum. I suspect most of the investors here did about as much 'due diligence' as 'you' did prior to purchasing PSUD. Be honest with yourself... buying this stock was almost purely speculative. You made a bet. I bought psud years ago based on helium - nat gas mining assets and some interesting tech (at the time they were also focused on generating energy from seawater). That stock purchase was speculation on the future results of a penny stock as the company had virtually no income. Others I suspect purchased later based on their rather sizable lithium mining concessions in Mexico. Then Mexico nationalized Lithium and essentially voided all those concessions for the foreseeable future. So the company has had to pivot back to it's other assets and make new plans. Keep in mind the company only started reporting steady revenue last year so PetroSun had no shiny PE ratio for you to base your initial investment on right?? Reporting earning is a huge development for PSUD and in my opinion we should all be effing happy about it. I'm concerned but not on the doom and gloom train for the long term prospects of this company because of this. They have a nice portfolio of assets that need to be tapped. The company indicated their intentions to move into extraction & processing of their helium assets to build a more robust income stream for future activities. That sounds like a good plan but i'd like to hear a report from them on status. As well as purchasing new assets in other parts of the US again status would be good. In my opinion they may need to hire a new CEO or mid level manager team to help drive project execution and public announcements to the investor base. That type of activity should bring in more investment interest and drive up the stock price. So it's not all bad here. But verbally c r a p p i n g in the investor silo and acting like you see shady dealings without any evidence doesn't seem like a good idea. Also calling us delusional after you announced purchasing 200K worth of the stock yourself comes across as confused... if not an odd form of self ridicule. Must be fable about a mirror in their somewhere. Regardless I get the frustration part Let's hope these guys start making some positive moves so we get this stock moving.

This company seems shady as fu*k I invested 200 K. I need to go to Arizona and see exactly what they’re doing, and if this company actually exists.?? How much do diligence with any of you people do before investing into this company? Why is it still not up listed? Do you know how difficult it was for me to convert my stock certificate into actual stock? Absolutely no brokerage firm will take it. The only brokerage from that agreed was Fidelity and they said that the stock needs to be at least $.25 before they converted into actual shares. You guys are delusional!!!

Any opinions or knowledge to share about how the Messer Group ( www.messeramericas.com ) purchase of the US Helium Reserves will effect PSUD?

I sure hope so....I pumped half a mil at 40c in this bad boy....need it to do something.

I agree. And I hope for anybody here "invested" that the company will come up with something productive and tangible for shareholders at some point in the future because so far it's a desaster, nothing worse than to see good peeps get screwed out of their hard earned money by some of these fishy management teams in the OTC. I'm just somebody that calls it like it is, always done that and will always do. If there is ever something positive happening for shareholders and investors I will be the first one to come out and say so.

Let's all not forget this is a penny stock. Sure we all wish this stock will rebound and go back up, but yes it's a penny stock and anything can happen. I've been on the psud ride for close to 20yrs, I think this stock has at least one more good push in it, but who knows. Let's try and keep this message board about news and updates we can all see the ticker price and don't need to bring up. Hopefully some news on the holbrook-basin and funding will come soon.

Many have been 'punting' SP over 3 dollars a year ago yet this stock only kept going down?
Yeah funny how that goes right? How did that work out for you in the last 18 months? Back then the stock was at 30 cents and you were complaining that it just goes down despite the pumping crew told you it will be 3 bucks soon, recently it hit 2.5 cents. How well did you do here in the last 18 months? Looking very good lol. About time peeps tell management what they are, complete dumbasses and that's being nice because in reality they are far worse.

What you are really sick off is how you got treated by this management so far, endless dilution, endless promises, nothing to show for, stock from 50 to 3 cents in the last 2 years, giving out shares at 01 when the stock was at 15 or 20 cents or whatever, I would be embarrased as well when I would have supported this all the way down as some here did. This board is a poster child of why everybody out there is laughing about ihub bagholders that scream how good everything is looking while they get royally screwed. If it wasn't so sad it would be funny.

Why don't u sell all ur shares and screw off then....Getting sick and tired of Ur garbage and useless posts that are just complaints. Not happy??....sell!

Looking good here, .026 on heavy dumping. But who cares about the stock price right.

Big news out today with petrosun releasing a 2024 forward looking statement. Statement includes current and future ventures along with eliminating all corporate debt and funding projects without having to issue more shares. Updates on the Holbrook basin to come out in January.

With PetroSun putting out a release on lithium please keep in mind these reserves offer greater potential than the helium. This is great news.

News out today on new lithium areas of interest and existing leases.

Q3 Financials have posted with 520k in revenue.

Fair enough. Let me remind you I have been here longer than you probably, years ago they had all these plans, not one thing came to fruition. No revenues, no business, skyrocking O/S in the mean time, huge losses, a stock at 03 which of course is only normal, everything you mentioned is worthless for us so far, they have not managed to get anything done to create shareholder value but then again they do huge deals at 01 while the stock is trading at .15. If I wouldn't know better I would argue that this is nothing more than a complete scam if I just look at the facts. If you think as a shareholder that they are doing a good job all in all then something is wrong with you as a shareholder.

Right on Pathman!!

You are seriously a broken record. We all agree with the point on the stock purchase but acting like the company has done nothing else positive this year is just plain wrong. Let's review some items to refresh your memory: A. Petrosun signed a deal with Desert Mountain Energy for the purchase of crude Helium. B. They created a "Science & Advisory" board and filled several positions with board members. C. PSE joined in the creation of Eau Midstream LLC leveraging some of their patented water processing tech D. They worked out a deal worth 2 million with JAYD Ventures, LLC to extract Helium and create new test wells from some of their land leases. E. They sold their interest in ELF transportation. F. The company received new permits to Drill in their Golden Eagle lease holding and G. They updated the company website. These are all clearly positives. Would I like to see more done by the company to drive the stock price up. Yes we all would. But they clearly working on it. Let's encourage them to get the stock uplisted and get a deal done with SpaceX or some of the new semiconductor plants to supply them with effing helium. This is a penny stock guys. If they can move the dial on the stock price up to $1 we can all call this a solid investment.

Looks like stock going back to where it belongs again, unfortunately. There hasn't been one thing provided so far from these guys that would provide anything positive, not one thing. Absolute desaster this one so far. Of course their equity deal was nice....for them.

On the last financial statement post in August, they said they have received 200k out of the 2 million for the working interest from Jayd ventures. Not sure what progress has been made since then. Hopefully more news to come soon.

Website update is a nice improvement! Now hopefully they are working on getting the stock uplisted. It's good to see company say they are going to focus on R&D as it's banking on the future. That said R&D needs to be paired with tangible revenue streams. What happened to the agreement to farm out acreage to JAYD venture LLC they announced back in June? Did that deal get signed?

News out today on updated company website

It's been awhile but Petro Sun just posted a new press release. While it doesn't tell us that they are producing just yet, it appears that hopefully there is a new focus there and I hope there's good news to com. I'm happy to see it. Below is the release in its entirety.


PHOENIX, ARIZONA / Disclosure and News Service / October 17, 2023 / PetroSun, Inc (OTC PINK:
PSUD) (the “Company”) announced today a Statement of Corporate Focus. The purpose of the
statement is to clarify the corporation’s operation in the Energy and Mining Industries, and to
reinforce the continuity and interrelationship of all business segments which are the result of
our patented and proprietary Separation and Process Technologies, and to provide shareholders
and the investment community with a better understanding of the corporate goals and efforts.
In the earlier stages of the business our numerous interests in other entities, some of which
appeared unrelated, provided proprietary knowledge that added to our knowledge base and
long-term viability.
As we move our proven technologies to commercialization, we felt it important to
communicate the clarity of our business objectives. Our research and development efforts
continue to be one of our highest priorities. The momentum and integration of our
technologies increase our potential future production capacities and efficiencies.
By using our technology portfolio, for natural resource recovery and services in a wide variety
of commodity markets, we will enhance our potential for long-term revenue growth and
stability. Additionally, the significant potential incremental revenue increases by being vertically
integrated creates the potential for maximum profitability in all business segments.
From Gordon LeBlanc Jr, Executive Chairman, CEO, and President of PetroSun, Inc.
“PetroSun’s ability to adapt our Separation and Process Technologies to a wide range of natural
resource needs in the market has provided us with significant opportunities for the future. We
are committed to improving shareholder value and providing critical commodities and services
to the market. This statement makes clear our focus, expertise, and the integration of our
efforts.”
About PetroSun
PetroSun, Inc. is a fully integrated energy and mining business focusing on Lithium,
Helium, Natural Gas, Oil, Potash, Zeolite Clays, Water Processing, Mine Tailings, Rare Gases, and
Rare Earth Metals Processing through the use of cutting-edge technologies, a broad
portfolio of assets and leases, and a management team with decades of research,
development, and production experience. PetroSun is vertically integrated with control
of all aspects of the business from exploration and production to delivery to end users,
providing customers direct customized solutions and shareholders maximum returns by
participating in profitability at each stage in the supply chain.
PetroSun, Inc. owns significant leasehold acreage that is prospective for helium
exploration and production in the Holbrook Basin of Arizona and for natural gas and
helium in the Paradox Basin of Utah. The Company holds mineral leases on
approximately 280,000 gross acres in the Holbrook Basin and Pedregosa Basin of
Arizona and over 26,000 gross acres in the Paradox Basin.
PetroSun’s greatest assets are its shareholders, partners, advisors, employees, and its patented
and proprietary technologies. We seek to provide global solutions to some of the most
critical challenges the world faces today and into the future.
The Company trades on the OTC Pink Sheets under the symbol “PSUD”.
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as
amended. In some cases, you can identify forward-looking statements by the following words:
“anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “ongoing”,
“plan”, “potential”, “predict”, “project”, “should”, “will”, “would”, or the negative of these terms
or other comparable terminology, although not all forward-looking statements contain these
words. Forward-looking statements are not a guarantee of future performance or results and
will not necessarily be accurate indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on information available at the
time the statements are made and involve known and unknown risks, uncertainty and other
factors that may cause our results, levels of activity, performance or achievements to be
materially different from the information expressed or implied by the forward-looking
statements in this press release. This press release should be considered in light of all filings of
the Company that are disclosed on the OTC Market.com website. Contact: PetroSun, Inc. 2999
North 44th Street, Suite 620 Phoenix, Arizona 85018 480-425-4290 Website: www.petrosun.us

Big news out today on the OTC about the Manuel seep project

Permit issued for golden eagle to reenter the Handley 1 well. The wellbore will be re-entered and a 7960 ft horizontal section will be drilled. Drilling will be scheduled once The BLM signs off.

Back to Pink current on OTC

Really nice to see a visible revenue stream appearing for Petrosun (as outlined in the latest Helium program update with JAYD Ventures LLC). Looks like they with earn 25% from any earning that come from the farmout and 2 million as a project fee. I'm not versed enough to know if the percent they negotiated & fee is a great deal or not by industry standards. But in terms of seeking profit for shareholders this marks event a significant turning point for the company into earning territory. If anyone else has insights on this and other related matters chime on in.

On another front it looks like the company has entered into a phase of steady press releases again on the OTC boards. This is a positive sign of increased communication with shareholders documenting company activities as well. One caveat is the press releases on the OTCMarkets news board are absent from the company website. Seems like a simply task to keep both up to date. Anyone want to volunteer to port them for them. Lol

One last item. As investors it seems like spurring a northern migration on the price point in response to the company reporting profit is a good idea. Seems like it's time for a higher needle point. Let's get this baby moving.

Big news out today on the OTC. Petrosun has agreed to farm out acreage to Jayd ventures for a fee and working percentage. Jayd ventures will assume all seismic, drilling, and production costs. This is a great opportunity, the agreement should be finalized soon.

The main problem I see here is the stock is not up listed. Absolutely no brokerage firm is willing to take stock certificates. There’s no clear information as to where the revenue actually comes from and if they are in collaboration with any entities. I am not impressed with the website unfortunately not much clear information in what their current project status is. At the very least the stock needs to be up listed.

See the light, yes I'm an investor I've had a piece of this stock since around 2006 or so. Most of us here are investors, the information we get is mainly through their press releases on the OTC and company website. You probably know as much as we do, they have plenty of assets just no capital to realize them. At some point the dominoes will fall into place, I believe the owner/CEO has put way too much time and effort into this to see it fail. If you have extra insight feel free to post it.

Pelagric! How is it that you were so interested in the company? Are you an investor? I know the inner workings of the company?

I just joined this board to getting a better idea of this company. I have a significant investment in the company however, my concern is their financials and the ability to sell restock on the open market. I currently owned more than 1 million shares. Unfortunately, no brokerage firm is willing to except stock certificate from this company due to obvious reasons OTC pink. My other concern is how far along are they in processing and developing helium for the open market. Is the company profitable? Is there any news of up listing the stock? Their contact PR department is pretty much nonexistent.

News out today, Dr bailey is back on the board of directors effective immediately and petrosun has approved the science and technology advisory board and will release the board members names soon.

New News out today on the OTC on corporate update on operations and planned strategic initiatives

2022 financial report has posted

I have always been here for the Helium to be honest, not for anything else. Not sure if I buy the argument that the CFO is no longer needed because they go more towards Helium now, I don't see the logic in this.

Yes we heard you sound off before. We all share your concern regarding that trade but stock purchases at sub market rates aren't the only thing to think about here. Let me start off by saying I don't pretend to know but here are some thoughts. The company had an extensive plan to mine and or sell its Lithium mining concessions in Mexico that has been blocked by the Mexican administration nationalizing lithium as a resource. The exiting high level staff had experience in buying and selling mining companies and company assets. Now that selling lithium assets is off the table (locked up in legal proceedings for foreseeable future unless they sell them back to Mexican government lithium company LitioMx) the company appears to be resetting their scope to their US assets (primarily Helium and Natural Gas). As a result, some personnel may no longer be suited to their roles. The helium market is very strong and looks set to stay that way so it's not all doom and gloom here. La Blanc has been at this a long time letting him retake the helm isn't a bad idea. The last announcement called out his focus will be on driving up the stock value for investors. We will see how things unfold regardless of our opinions. So you could see the staffing changes as pretty straight forward. After the company outlook shifted back from Lithium to Helium they were no longer needed. They likewise failed to maintain the price of the stock given the landscape changes proving they were not either interested or capable of adapting.

Looks like everebody fleeing the company, no wonder after that latest deal where they gave 65 million shares to peeps at 01 while the stock was trading at 10 or 15 cents. To me one of the scammiest deals I have seen in 25 years OTC.

News out today- LeBlanc to take back his position as Cheif executive officer, also CFO Hewitt to step down on April 13th (probably after yearly financial report).

hahahahaha

Price Trend Improving

From stockinvest.us:

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 153.01% during the next 3 months and, with a 90% probability hold a price between $0.286 and $0.509 at the end of this 3-month period.

Is PetroSun, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PetroSun, Inc. stock to perform well in the short-term.

It's a benefit for both companies. Desert gets to quickly see how their plant handles helium from "other's" wells. They know what they've got, because it's all been tested to a fare-thee-well. But "other" helium is the Known Unknown. If PetroSun's helium goes through the plant without trouble and comes out smelling like money, that's "proof of concept" for just about anybody else's raw helium input.

This isn't LeBlanc's or Rohlfing's first rodeo. They obviously know of each other, respect one another, and know they each have what the other needs at this moment in time for both companies. So they cut this beautiful deal. Truly amazing.