PHOENIX, ARIZONA – (Disclosure & News Service – May 22, 2018) – PetroSun, Inc (OTC PINK: PSUD) The Board of Directors of PetroSun Inc (“PetroSun” or “the Company”) is pleased to announce that its affiliate, Arizona Energy Partners, LLC, has executed a lease agreement with Coastal 4000, LLC consisting of a commercial building on 2.89 acres in Farmington, New Mexico. The property is located at 4000 Monroe Road and will be the field headquarters for the Four Corners operations of Arizona Energy Partners, AEP Drilling and PetroSun.
The Farmington yard will be the base for the newly acquired Crown Duke drilling rig. AEP will also move its Spencer Harris 3500 drilling rig and 25,000 feet of casing and tubing from Snowflake, Arizona to the Farmington yard. This location is centrally located to service Company leaseholds in New Mexico, SW Colorado, Utah and Arizona.
The Farmington area is also the base of many of the service companies that the Company utilizes in its exploration and development of crude oil, natural gas, helium and lithium resources within our Four Corners leaseholds. Additionally, most of our drilling crew personnel reside in the Farmington area, allowing for a short commute to the yard.
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