Shares of PetroSun Inc. (PSUD.PK) climb over 13.6% during Friday’s trading. 190,216 shares of PSUD.PK were traded, exceeding the average volume by nearly 90,000 shares.
Yesterday, PetroSun provided a status update on various oil and gas operations. These operations include particular areas that can produce continuous amounts of gas and oil over long periods of time, while still allowing room for expansion to occur in the future.
PetroSun also informed Shareholders that a new agreement between their company and New Standard Exploration was coming into fruitation. This agreement will allow them to to finalize the drilling prognosis terms and receive initial preliminary operations for the new mine prior to the end of December 2007.