[Ftba-devel] Market News

[Luz Hankins]

Hot Pick For the week of July 17th
Our last weeks picked gained over 600%
Get PSUD First Thing Monday, This Is Going To Explode!

PETROSUN DRILLING (PSUD)
Current Price: 1.35
Est 5 day 2.86


Before we start with the profile of PSUD we would like to mention
something very important: There is a Big PR Campaign Running This Weekend .

We understand that Major new will be released this week.
This should skyrocket the price.

Current News

PetroSun Announces Formation of Algae BioFuels
Thursday June 22, 1:00 pm ET
Subsidiary to Develop Algae-Based Biodiesel
Alternative Energy Resource to Supplement Petroleum-Based Fuels

PHOENIX--(BUSINESS WIRE)--June 22, 2006--PetroSun Drilling Inc. (Pink Sheets: 
PSUD - News), an emerging provider of oilfield services to major and 
independent producers of oil and natural gas, announced today that the company 
has formed Algae BioFuels Inc. as a wholly owned subsidiary. Algae BioFuels 
will be engaged in the research and development of algae cultivation as an 
energy source in the production of biodiesel, an economically feasible and 
eco-friendly alternative to petroleum-based transportation fuels. The R&D and 
production facilities for Algae BioFuels will be based in Arizona and Australia.

 "PetroSun's formation of Algae BioFuels is a forward-looking strategy," said 
L. Rayfield Wright, president of PetroSun. "The opportunity to produce a 
renewable energy product that will assist in providing a healthier planet for 
future generations cannot be ignored."

Biofuel is any fuel that is derived from biomass -- which contains recently 
living organisms or their metabolic byproducts. Biofuel is a renewable energy 
source, unlike other natural resources such as petroleum, coal and nuclear 
fuels. Agricultural products specifically grown for use as biofuels include 
corn and soybeans.

Extensive research is currently being conducted to determine the utilization of 
microalgae as an energy source, with applications being developed for 
biodiesel, ethanol, methanol, methane and even hydrogen. Independent studies 
have demonstrated that algae is capable of producing 30 times more oil per acre 
than the current crops now utilized for the production of biofuels. Algae 
biofuel contains no sulfur, is non-toxic and highly biodegradable.

The Office of Fuels Development, a division of the Department of Energy, funded 
a program from 1978 through 1996 under the National Renewable Energy Laboratory 
known as the "Aquatic Species Program." The focus of this program was to 
investigate high-oil algae that could be grown specifically for the purpose of 
wide-scale biodiesel production. Some species of algae are ideally suited to 
biodiesel production due to their high oil content, in excess of 50%, and 
extremely rapid growth rates.

One of the biggest advantages of biodiesel, compared to many other alternative 
transportation fuels, is that it can be used in existing diesel engines, which 
relieves automotive manufacturers of having to make costly engine 
modifications. Biodiesel can also be mixed, at any ratio, with conventional 
petroleum diesel. As a result, the alternative fuel can be used in the current 
distribution infrastructure, replacing petroleum diesel either wholly, or as a 
diesel fuel blend with minimal integration costs.

About PetroSun

PetroSun's current operations are concentrated in the Ark-La-Tex region with 
plans to expand into New Mexico, Arizona, Utah and Australia in 2006. PetroSun 
provides a comprehensive array of products and services to the oil industry. 
The company's cutting-edge technologies, combined with a proven ability to 
apply them effectively and safely within a disciplined ROI framework, creates 
long-term value for PetroSun shareholders and partners. PetroSun is 
headquartered in Phoenix. For more information about PetroSun visit the 
company's Web site.