PSUD Petrosun Inc (PK)

Company Web Site to Stream Live Drilling and Completion Operations 24/7, Allowing Joint Venture Partners and Shareholders to Follow the Emerging Oilfield Services Company in Real Time PetroSun Drilling Inc. (Pink Sheets: PSUD), an emerging provider of oilfield services, announced the company has received NASD approval, and that trading has commenced under the symbol PSUD. "We are pleased to have received the approval from the NASD and the Pink Sheets quotation," said PetroSun President L. Rayfield Wright. "This is a terrific opportunity for the company to broaden our investor base, increase liquidity in our common stock and ultimately support our long-term growth objectives." Along with the company's trading announcement, PetroSun has also adopted a new corporate Web site, which includes innovative streaming services provided by its wholly owned subsidiary PetroSun Oilfield. This service will allow our industry partners, shareholders and members of the broader investment community the unique opportunity to follow PetroSun drilling and completion operations on a 24/7 basis. Along with the live feeds of field operations, the company has also adopted a new logo and visual presence. For more information about PetroSun visit the company's Web site at http://www.petrosun.us. Oilfield Services Outlook Due to the rapid rise in commodity pricing of crude oil and natural gas, and the related increase in exploration and development activity, the availability of land-based drilling rigs and workover rigs has become extremely limited, and drilling contractors are seeing unusually high day rates and extended contract terms. "This supply and demand imbalance has not only provided PetroSun increased pricing power and favorable contract terms," said Wright. "It has allowed us to be increasingly selective with the prospect and development projects we take on, which helps ensure PetroSun shareholders and partners a lower risk/higher return investment opportunity." PetroSun complements its drilling and completion services with exploration and production operations via company-owned projects or select joint venture exploration and development projects in geographic markets that comprise the highest growth potential. About PetroSun Drilling Inc. PetroSun's current operations are concentrated in the Ark-La-Tex region, with plans to expand to 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 industry partners. PetroSun is headquartered in Phoenix. Except historical matter contained herein, matters discussed in this news release are forward-looking statements, and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions, and involve risks and uncertainties, which may affect the company's business and prospects, and cause actual results to differ materially from these forward-looking statements.