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Key Objective
Near-term commercialization of our helium and lithium assets.
category Integrated Strategy

PetroSun is focused on maximizing the profitability of the business. Aggressive work program implementation combined with investment in production tools and strategic technologies and continuous cost management are key drivers behind the company's drive to generate superior returns and increase shareholder value.

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Exploration
The board has recently authorized a significant seismic, exploration and drilling program, the largest to date. All of the selected locations are prospective for helium, and PetroSun's Golden Eagle properties are also expected to produce natural gas.
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Shareholder Value
Data accumulated over two decades suggests PetroSun holds some of the richest helim reserves in the United States. Our goal is to delineate discovered resources with verification expected to significantly boost shareholder value once recorded by Ryder Scott.
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Technology Research
Innovative methods to improve production capabilities whilst investing in engineering, liquefier components, mobile purification plants and end-user distribution capabilities is core to our integrated model and future success.
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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.
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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 the vast amount of scientific data relating to geology, engineering and the sourcing and trapping of helium in these formations, and management experience accumulated over two decades, to fulfill our mission to profitably produce helium from our holdings.

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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. It is significant to note that we have already benefited, having negotiated off-take agreements with global industrial gas companies for terms of up to ten years.

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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 up to 8% and even 9.0% in some nitrogen streams.

In the Golden Eagle Paradox Basin, development wells in the ismay formation have indicated helium concentrations ranging from 1.5% to 3%. The Leadville formation, which we are now targeting, has produced helium with concentrations in the 7% range.

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Maximize profitability from helium production

Our technology driven, vertically integrated business model will allow us to process and deliver molecules to end users, using our own equipment, at grades of 99.99% purity.

This allows for a substantially lower cost base, avoiding the necessity for third party contractors and expensive piping infrastructure, whilst simultaneously generating revenues at end-user prices.

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.
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Holbrook Basin
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Determine recoverable helium reserves by recompleting existing wells and drilling exploratory wells into virgin structures.
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The Permian Coconino sandstone and the Supai group are the primary targets due to the porous and permeable nature of these formations.
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Establish and record the volume of reserves and classifiy the wells to production ready.
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Construct the production and processing infrastructure. This consists of fabricating the well-field mobile cryogenic processing units and the supporting infrastructure for the field collection network.
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The final phase is commercial operations where we produce and market the helium and transport the helium to customers.
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Golden Eagle
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Re-work existing shut-in wells in order to exploit the Mississippian Leadville formation.
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In particular, conduct recompletion operations along a 7,500-foot lateral line within the Ismay formation that will have 1.5 miles of exposure to the productive strata.
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Conduct helium flow test from all net pay zones, with particular interest on those we expect to contain large natural fractures.
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Helium and Gas will be produced through a purpose built, on-side liquification plant.
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Conduct and interpret seismic data to further define the Golden Eagle structure.
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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 projected to contain commercial concentrations of lithium as well as minerals that benefit the agricultural sector.

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 the presence of extremely large quantities of 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.
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Oil
Areas of the Holbrook Basin are known sources of oil. The Supai group has produced significant volumes, as proven by the Boundary Butte Field on the Utah-Arizona border. Prospects that we own within this formation cover greater acreage than the Butte Field and thus the potential for oil is significant.