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PetroSun Reports Q3'23 Results; Farmout Agreement with JAYD

PetroSun, in its Q3'23 results updated about an exclusive Farmout agreement with JAYD Ventures to conduct seismic surveys and to drill helium exploration wells on its North Winslow and South Winslow helium prospects in the Holbrook Basin of Arizona. JAYD Ventures will be responsible for all cost of seismic, drilling and completion costs in the helium exploration and development phases of the North and South Winslow. PetroSun will hold 25% working interest throughout the duration of the project. As of September 30, 2023 the Company had received US$0.2mm of the US$2mm for the sale of the 75% working interest.

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Noble Helium's CFO Announces Retirement

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