Project Map
category Integrated Strategy
PetroSun is focused on maximizing the profitability of the business. Aggressive work program implementation combined with investment in production tools and continuous cost management are key drivers behind the company's drive to generate superior returns and increase shareholder value.
Exploration
Petrosun holds a large portfolio of prospective locations for exploration and development. Data accumulated over two decades suggests some of the richest helium reserves in the United States.
Shareholder Value
Our goal is to delineate discovered resources, de-risk development targets and generate cash flow to our shareholders.
Sustainable Practices
Supporting the communities in which we operate combined with our commitment to sustainability and strong governance is a cornerstone of our development strategy.
search Helium Focus
Helium is at the forefront of our development program.
PetroSun has devoted a significant amount of management focus towards helium exploration in the Four Corners region of the US Southwest. As the company transitions to production we intend to:
Leverage geologic data and management experience accumulated over two decades
Source and trap helium in formations
Fulfill our mission to profitably produce helium from our holdings
Capitalize on growing demand for helium
The helium market reflects increasing demand and dwindling reserves. There are only a few US producers and flows from major foreign sources are characterized by frequent supply disruptions usually caused by underlying political instability. PetroSun is well positioned to capitalize on these market conditions.
Reserve potential
Extracting helium is considered viable at concentrations of 0.3% content. Previous testing of formations in our Holbrook prospects have indicated helium concentrations well above this level.
In the Golden Eagle Paradox Basin, development wells in the Ismay formation have indicated helium concentrations ranging from 1.5% to 3%.
gps_fixed Target Areas
The current helium development program is focused on the Holbrook Basin of Arizona and the Golden Eagle Gas Field in Utah.
PetroSun maintains in excess of 300,000 acres of oil, gas and helium rights in the Holbrook Basin and 26,800 acres in the Golden Eagle Gas Field.
There are on-going operations within both leasehold areas to bring the helium program into commercial operation as part of the company's near-term objectives.
Holbrook Basin
Determine recoverable helium reserves by recompleting existing wells and drilling exploratory wells into virgin structures.
The Permian Coconino sandstone and the Supai group are the primary targets due to the porous and permeable nature of these formations.
Establish and record the volume of reserves and classifiy the wells to production ready.
Construct production and processing infrastructure. This consists of fabricating the well-field mobile cryogenic processing units and the supporting infrastructure for the field collection network.
The final phase is commercial operations where we produce and market the helium and transport the helium to customers.
Golden Eagle
Re-work existing shut-in wells in order to exploit the Mississippian Leadville formation.
Conduct helium flow test from all net pay zones, with particular interest on those we expect to contain large natural fractures.
Conduct and interpret seismic data to further define the Golden Eagle structure.
Permit and drill additional wells in areas identified as high-yielding helium zones.
inventory_2 Other Minerals
We plan to develop our lithium concessions once the permitting process is complete. We expect to find reserves of oil and natural gas as part of our helium recovery efforts and plan to take advantage of these opportunities as they arise.
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Lithium
San Judas (Mexico) zeolite clay reserves are believed to contain commercial concentrations of lithium as well as minerals used to enrich agricultural acreage.
PetroSun plans to utilize patented technology to process the lithium to battery grade quality and negotiate off-take agreements for the processed lithium and zeolite clays.
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Natural Gas
Independent testing has verified natural gas in the Golden Eagle Paradox Basin wells in addition to helium.
Proximity to existing infrastructure offers viable opportunities for PetroSun to commericalize this opportunity.
PetroSun is in the business of exploration and production of helium and natural gas in the Southwest region of the United States. Management is focused on creating long-term value for stockholders and fostering a culture that is steadfast on environmental sustainability, operational safety, social responsibility, and sound corporate governance.
2999 North 44th Street, Suite 620, Phoenix AZ 85018 USA
info@petrosun.us
+1 480-425-4290
