PetroSun Operations Update

PetroSun Operations Update

PHOENIX, ARIZONA—(Disclosure & News Service – November 11, 2016) – PetroSun, Inc (OTC PINK: PSUD) announced today that the Company has acquired oil, gas and helium leases on approximately 207,664 acres located in the Holbrook Basin of Arizona. The leases are for a primary term of six years and provide a royalty of twelve and one-half percent to the mineral rights owner NZ Legacy, LLC.

A Joint Operating Agreement was entered into with Arizona Energy Partners, LLC (AEP) to act as the Operator of the leasehold. AEP has provided initial funding of $1,500,000 for helium exploration and testing during Phase 1 of field operations.

An agreement has been entered into with MHA Petroleum Consultants (Denver) to provide an evaluation of natural gas and helium volumes in the Holbrook Basin leasehold.

Contact:
PetroSun, Inc. 480-425-4290