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PetroSun Announces Strategic Helium Ventures in Holbrook Basin

PetroSun announced new partnerships and agreements with Pivot Point Energy, a private company, and Exodus Energy, a Louisiana oil and gas company, aimed at expanding helium extraction and commercialisation. A new farmout agreement with Pivot Point Energy covers ~207k acres, replacing a prior agreement with JAYD Ventures. This agreement grants PetroSun a US$2.5mm leasehold fee and involves a commitment to drill two test wells. Concurrently, PetroSun assigned working interests in the Central Holbrook Basin to Exodus Energy and Pivot Point Energy, totalling 75%, which involves existing leases proven to contain commercial helium concentrations.

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