Early Days

Initial focus was on helium reserves in the Holbrook Basin of Arizona to address supply to industry, government, the medical sector and research communities.

Exploratory wells drilled in 2004 and 2005 in the Pinta Dome and Concho Dome fields confirmed the potential for large reserves of helium; the area had previously been developed and produced helium during the 1960's and 1970's. Testing also confirmed the existence of large reserves of oil and natural gas.

Exploratory activity was curtailed due to financial constraints and PetroSun set about building its portfolio of leases and expanding its corporate mission to encompass other minerals in order to attract additional investment.

By 2013 lease holdings had grown to 35,000 acres in the Holbrook Basin. Ongoing testing from development wells showed tremendous potential and attracted new capital from investors in subsequent years that provided momentum for future growth.

Technology Development

Part of of PetroSun's mission has been to develop revenue streams and increase shareholder value through the commercialization of forward-looking energy technologies.

From 2015 PetroSun started investing in early-stage technologies that addressed non-shale and unconventional resources, with the emphasis on renewables.

Companies were identified by the symbiotic nature of their associated technologies that included solar thermal enhanced oil recovery of heavy crude, commercializing processes for cryogenic gas purification and liquefaction, oil sands production, solar thermal power and 24/7 energy storage, and water desalination with cost efficient and environmentally safe processes.

These investments were strategic as well as central to PetroSun's goal to reduce harm to the environment during production operations.

Mineral Portfolio

In 2016 additional leases were acquired in the Navajo, Coconino and Apache counties of Arizona totaling approximately 200,000 acres.

A new rig was acquired in 2016 and testing from wells drilled in the Concho Dome field of the Holbrook Basin at the end of 2016 provided estimates of contingent helium reserves of 2.29 bcf.

From 2016 to 2018 additional leases were acquired in Arizona, New Mexico and Utah with PetroSun now holding interests in some of the richest oil and gas fields in North America. Total leases amounted to almost 400,000 acres.

In 2020 the company made its first investment outside the USA when it purchased mining concessions in Chihuahua, Mexico, prospective for Lithium in zeolite clay deposits. A coring program was conducted and testing recorded a reserve base of 136,444,240 tons of zeolite clay (surface to 150 feet) with average lithium concentration of 1,763ppm.

Latest Focus

We have completed a corporate restructuring to further demonstrate a clarity of focus and direction.  It is our intention to improve understanding of our expertise, experience and opportunities to investors, partners, and the investment community in general, with the goal of enhancing shareholder value.

PetroSun has developed and launched commercialization of all key natural resources and technologies, all contained within the industry groupings of minerals and energy.  An ongoing effort is being made to further develop and enhance proprietary technologies to enhance production capacity and maximize scalability.  New partnerships are being sought and developed, and new business opportunities are being explored and evaluated, to continue to improve PetroSun’s penetration into our core segments at all levels of the production and distribution chain.

Future Prospects

PetroSun was formed with the goal of making available and improving supply of critical natural resources through innovation and new technology, that mission continues into the future.

We continue to expand our lease holdings and resources along with a focused effort to be a leader in technological development.  Our objective of providing “best in class” solutions for our customers, partners, and all end users continues.

As PetroSun moves forward it's exciting to acknowledge the favorable global market conditions and needs that underpin the company's prospects in all segments of the business.