PetroSun announced plans to re-permit and drill the 32-1 helium development well on the Arizona State Land Department lease #13-120730 located in the Holbrook Basin of Apache County, Arizona. This lease is one of six (6) leases acquired by PetroSun that covers 3,860 acres on the Chambers Anticline in the Permian Age area of the Holbrook Basin. The Company will utilize a company owned drilling rig to drill the 32-1 prior to September 30, 2021, subject to the timely issuance of the drilling permit by the Arizona Oil and Gas Conservation Commission.
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