PetroSun, Inc. announced two separate transactions that provided assignments of Oil, Gas and Helium working interests in the Central Holbrook Basin to Exodus Energy, Inc. and Pivot Point Energy, Inc. The working interest covers 11,430.53 acres of ASLD leases, subject to the working interest partners respective participation. The working interest acquired by the parties totals 75%, with Exodus Energy acquiring 50% and Pivot Point Energy obtaining a 25% working interest position. The balance of the working interest is held by PetroSun and affiliates.

The Central Holbrook Basin and the leases subject to the above transactions are associated with structures that have been drilled by PetroSun or its subsidiaries and are proven to contain commercial concentrations of helium. The helium concentrations within the gas streams peaked at 9.3% per the analysis provided by Wyoming Analytical Lab. A Contingent Resource Report was issued by MHA and later confirmed by Sproule that the helium potential of the Concho Dome structure has a median recoverable helium reserve estimate of 3.453 billion cubic feet.

Based on a lower-case market price of $250 per thousand cubic feet the Central Holbrook Basin Concho Dome calculates to have a gross valuation of approximately $863 million. The Sproule Report on the adjacent Central Holbrook cluster of structures contained within the leasehold were stated to have recoverable helium reserves of 15.467 billion cubic feet based on a stochastic evaluation. The lower-case gross economic value of these structures would exceed $3.86 billion.