PetroSun, Inc.: PetroSun Announces Arizona Oil and Gas Exploration Transaction

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PHOENIX, AZ (MARKET WIRE) PetroSun, Incorporated (PINKSHEETS: PSUD) is pleased to announce the execution of a drilling commitment agreement on a 12,783 acre company held oil and gas lease located in Mohave County, Arizona. PetroSun and Vanterra Energy of Denver, Colorado have agreed to drill a Basin and Range prospect developed by Vanterra Energy. The initial test well will be drilled during 2008 to basement or a minimum depth of

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