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Let's all not forget this is a penny stock. Sure we all wish this stock will rebound and go back up, but yes it's a penny stock and anything can happen. I've been on the psud ride for close to 20yrs, I think this stock has at least one more good push in it, but who knows. Let's try and keep this message board about news and updates we can all see the ticker price and don't need to bring up. Hopefully some news on the holbrook-basin and funding will come soon.
Big news out today with petrosun releasing a 2024 forward looking statement. Statement includes current and future ventures along with eliminating all corporate debt and funding projects without having to issue more shares. Updates on the Holbrook basin to come out in January.
News out today on new lithium areas of interest and existing leases.
Q3 Financials have posted with 520k in revenue.
On the last financial statement post in August, they said they have received 200k out of the 2 million for the working interest from Jayd ventures. Not sure what progress has been made since then. Hopefully more news to come soon.
News out today on updated company website
Big news out today on the OTC about the Manuel seep project
Permit issued for golden eagle to reenter the Handley 1 well. The wellbore will be re-entered and a 7960 ft horizontal section will be drilled. Drilling will be scheduled once The BLM signs off.
Back to Pink current on OTC
Big news out today on the OTC. Petrosun has agreed to farm out acreage to Jayd ventures for a fee and working percentage. Jayd ventures will assume all seismic, drilling, and production costs. This is a great opportunity, the agreement should be finalized soon.
See the light, yes I'm an investor I've had a piece of this stock since around 2006 or so. Most of us here are investors, the information we get is mainly through their press releases on the OTC and company website. You probably know as much as we do, they have plenty of assets just no capital to realize them. At some point the dominoes will fall into place, I believe the owner/CEO has put way too much time and effort into this to see it fail. If you have extra insight feel free to post it.
News out today, Dr bailey is back on the board of directors effective immediately and petrosun has approved the science and technology advisory board and will release the board members names soon.
New News out today on the OTC on corporate update on operations and planned strategic initiatives
2022 financial report has posted
News out today- LeBlanc to take back his position as Cheif executive officer, also CFO Hewitt to step down on April 13th (probably after yearly financial report).
News out today on future agreements to sell crude helium to desert mountain energy to be processed at their plant.
Q3 financials have posted
News out today on drilling and funding.
Pathman- try going directly on the OTC website otcmarkets.com then search psud and scroll down to news and financial statements.
Quarterly financials have posted
Great news, hopefully they get started immediately.
Well the Volume isn't there to show dumping, I think it's a few traders trying to drive it down to buy in cheap. The cleaned up financials were nice to see, the only negative note a saw was about the Mexican Government not allowing anymore mining concessions to be leased to foreign investors; also not sure what that means for their current leases. It appears that they will be getting the stock buy option money in segments which will probably correlate with company progress. Hang on it should flip back around sooner than later.
2021 financial statement has posted
CRITICAL GLOBAL HELIUM SHORTAGE:
1. The Russian Amur Complex fires and explosion has removed a projected source of up to 25% of global helium demand.
2. The US Government (BLM) has suspended production at their Amarillo, TX plant that operates and maintains a helium storage reservoir, enrichment plant, and pipeline system. This plant was responsible for over 40% of the domestic demand for helium.
3. Helium sources from Algeria and Qatar have also had issues.
* Due to this critical shortage, the Specialty Gas Suppliers have declared Force Majeure and cancelled all supply contracts resulting in helium increasing 300% in price over the last 6 weeks.
This was part of desert mountain energy's last post on April 5th- it's definitely a booming time for helium. looking forward to PSUD news this week when the financials post.
Looking good. All positive news.
3rd Quarter financials have been posted
Starting to see an uptick in share price ahead of the next financial statement.
Petrosun has begun the process to try and uplist to the OTCQB or OTCQX as per news release this morning.
Traderfan- ya it is good news,they will control or have a piece of the whole process up to delivery. They reposted financials, can't tell whats changed. This will be big.
Quarterly financials have been posted to the OTC.
Ladies and gentlemen can we please keep this message board to stuff only pertaining to petrosun [psud] thank you. I will gladly visit another message board to read about other stocks.
Keeps getting better, I've been waiting on this one for a long time and it's paying off.
The rollercoaster is taking off today
Nice push at the closing bell today
Petrosun posted a mid year review on the OTC
Update on Holbrook MS-2 well also released today.
Helium prices probably vary depending on contracts with long term agreements, but i could see spot pricing pushing 1000pmcf plus and contracts below that. In the end it all depends on demand, i haven't been able to pull up any specific info on price points but if the damand continues which it will the prices will rise.
That's pretty ridiculous, i guess id be out as well. Maybe we can send a message to the guy who posted it and direct him towards the financials where is states the company is no longer involved with them and lead him to the current helium operations.
RetireSoon2 no I'm not a subscriber to wikipedia, but i believe anyone can edit without being a subscriber. I personally don't have the time to do it any justice. It definitely would be easy to delete some of it then go back later and add on.
Somebody updated the wikipedia page, but decided to add a ton more info on M&M production rather than deleting it. Somebody else should be updating that site.