"The purchase of the Fern Avenue building and opening of the Shreveport office further demonstrates our long term commitment to the Ark-La Tex region," said Rayfield Wright, President of PetroSun. "The Shreveport office will house not only our exploration and production team, we will be adding an alternative energy staff to implement the Algae BioFuels and ElectraTherm technologies into the regional marketplace."
PetroSun is the title sponsor of the Independence Bowl that will be played in Shreveport on December 28th between teams from the Southeast and Big 12 conferences.
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. Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer of biodiesel derived from the cultivation of algae. 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, Arizona.
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