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.
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:
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.
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%.
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.