PSUD Petrosun Inc (PK)

PetroSun Drilling Inc. (Pink Sheets: PSUD) announced today that the company has acquired ETC Energy, LLC. The terms of the transaction include a purchase price of 250,000 shares of PetroSun Drilling restricted common stock and naming Earl Thomas Conley as president of ETC Energy. Under Conley's stewardship, ETC Energy will undertake several initiatives designed to enhance relations within the Native American community. The company will seek to establish joint ventures within Native American lands to develop natural resources that include oil, natural gas and wind power. ETC Energy plans to create employment opportunities and increase royalty revenue within native lands as a key part of their endeavors. ETC Energy will also assist PetroSun subsidiary Algae BioFuels in the negotiations for a potential location for a biodiesel production facility and refinery within native lands. Algae cultivation as an energy source is an economically feasible and eco-friendly alternative to petroleum-based transportation fuels. 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 at http://www.petrosun.us. 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.