PetroSun, Incorporated (PSUD.PK) Provides Update on the Muslow #1 well
PetroSun, Incorporated (PSUD.PK) reports that the Muslow #1 well has been producing during the month of June from the Paluxy formation at the rate of 15 barrels of oil and 50,000 cubic feet of gas per day. Division orders for oil and gas production payments have been executed by PetroSun as a working interest owner. The Muslow #1 is located in Section 5, Township 20 North, Range 15 West of Caddo Parish, Louisiana. The operator and working interest partners will be determining in the near future the location and targeted depth of the initial development well on the Muslow tract. PetroSun's current…