posted
This company makes plenty of PR's. What I see is a trader mentality. I am all for a trader mentality as I am a trader myself. However this stock is best held long term. Do not worry about PR's every other day. The company is undervalued and will continue to be for a while. This should be viewed as a good thing. I am completely willing to take a minute chance and sit on this stock for a couple or three years. This stock has tremendous potential. I would not worry so much about the day to day price as in 1 to 3 years the price should start reflect the true value of the company. Just invest and relax and check back every week or so. Put in what you can afford to lose and trade in the other stocks, as for this stock I would definitely invest for long term.
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Phoenix to Expand Its Headquarters Office Facilities Market Wire - October 26, 2005 12:08 PM (EDT)
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COVINGTON, LA -- (MARKET WIRE) -- Oct 26, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, announced today that it is expanding its corporate office facilities, and has entered into an agreement to acquire a property in nearby Madisonville, Louisiana.
Paul Alonzo stated, "Thanks to the growth of Phoenix's business operations, we find it necessary to expand our headquarters office facilities. We have reached an agreement to purchase a property at 504 Water Street in Madisonville, Louisiana. The closing on this new facility is expected to take place on or before November 23, 2005. This property is locally known as Coquille Cottage and is located on the Tchefuncte River. I ask that our shareholders and interested investors to please feel free to visit us at our new office any time after December 15th, 2005. This office is planned to serve as part of the Phoenix corporate office structure for many years to come."
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Phoenix Associates Land Syndicate (PBLS) announced that a new oil lease has been acquired for its Mid-South Resources/Rome Oil and Gas Division. The Company indicated that this new oil lease is located in the State of Kentucky in an area conducive to air rotary drilling. Rome Oil plans to drill five new wells on its leases in Kentucky prior to the end of 2005. The Company estimates its provable and accessible oil reserves in its Kentucky leases to be in excess of 300,000 to 500,000 BBLS.
Public Companies Associated with this story: (OTC: PBLS)
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Pbls news reposted with more information and easier to read
Phoenix Acquires New Oil Lease in Kentucky for Its Mid-South Resources/Rome Oil & Gas Division
2005-10-27 13:17 ET - News Release
COVINGTON, LA -- (MARKET WIRE) -- 10/27/05
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=99418&ProfileId=051205&sourceType=1 Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, announced today that a new oil lease has been acquired for its Mid-South Resources/Rome Oil and Gas Division.
The Company indicated that this new oil lease is located in the State of Kentucky in an area conducive to air rotary drilling. Rome Oil plans to drill five new wells on its leases in Kentucky prior to the end of 2005. The Company estimates its provable and accessible oil reserves in its Kentucky leases to be in excess of 300,000 to 500,000 BBLS.
Currently Rome Oil & Gas Co. has 18 wells that are producing between 5 BBL/Day to 50 BBL/day each, with an average production of 26 BBL/day per well, a rate of production that is expected to increase as new wells come on line.
In addition to their drilling activities in Kentucky, Mid-South Resources/Rome Oil & Gas Co. currently is in the process of registering to drill in the State of Wyoming and is in negotiations for a number of new oil leases in that State.
Paul Alonzo, President and CEO of Phoenix, stated, "We are very pleased with the rapid progress our company is making in the oil and gas sector, while our sand & gravel and construction business operations continue to grow stronger by the day."
For more information about Phoenix, go to the Company's website at: http://www.pbls.biz
Forward-Looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
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Nobody knows for sure at this point they might not have cotracts but you know they will have a lot of work selling sand and sub contracting at worst case.
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I have completed all DD on this stock and I agree with you that they are transparent. It is my opinion that this company is 100% legit. I have spoken with two people from the company and it is apparent to me that this company should not be at three cents. I have checked to see if any of the management has been involved in any type of scam in the past and I have found none. This is a growing company with real revenues and is largely undervalued. Not only that but I would bet the chart will uptrend from here. From the DOJI today it appears that a double bottom has formed. We shall wait and see for confirmation. In any case it appears to me that this company is one you can hold long and make a huge profit on in the years to come. We shall see. Good luck to all.
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I'm making the same play. I've been in and out of PBLS a few times, but I've got myself a nice piece I intend to hold long-term. I want to give this one a shot and see where the ride takes us.
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Over on Raging Bull and Ihub there are a lot of chart people they have all came to the same results reading the charts triple bottom . And i see nothing but a sea of green rolling in I think we are oversold and we will have a run any day now or time
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Just would like to give you folks a heads up consider all the things this co has going for it sand and gravle constuction trucking and you know the pr's are coming out on that. Now oil and gas they are now producing more than amep is, and they have the cash on hand to drill the next 10 wells with and more is coming look for pr's next week. Look for a run to start next week. All these company's they are buying with stock that is restricted for five years every thing the own is a cash cow. The company posts assets that give the stock a book value of .08 to .09 per share. imho it won't stay at these levels for long. Even the charts look like it is ready to run.
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post by Trops at IHub he talks to Ron at pbls a lot
Posted by: Trops In reply to: None Date:10/31/2005 7:31:10 PM Post #of 1782
Phoenix update:Spoke to Ron this is for those I told I would get back to you.I am going to touch briefly on each topic discussed.1)Our trucking division is being utilized within the company and for the most profitable situations.We are not just hauling stumps around like every yahoo with a pick up truck.2)The debris is still being cleaned up,which leads me to the construction division.We will be rebuilding and building new homes.Investors must realize the magnitude. For instance ST.Tammany Parrish alone has 265k residents.This work will go on for years and we are their.3)The sand/Gravel division is booming and will continue to.4)Our wells are producing and generating revenue with 5 more being drilled.5)We may do work with fema but the private sector is giving us more work than we can handle.Also private sector pays upfront,fema/government we wait for the money 60-90 days.6)The audits are being done and when complete we either make the move to otcbb or amex.We meet amex requirements but they would have to waive the 3.00 min price.IMO thats great it shows we have what counts,revenue.7)We have attorneys pursuing lying bashers posting untrue statements on boards.8)Insiders are not selling nor is treasury stock being sold.9)The mm's are playing around with shorting.Most likely not naked shorting.10)The company is working on 2/3 more deals that should come out over next few weeks no dilution done with preffered convertibles/cash.With that being said I did go more indepth with some of the topics I posted.My opinion is we have a fat cash cow here and smart money will hang on and wait until the company executes their whole plan.Strong buy at these levels imo.Bob
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Just to make a point again all of you that want to get into oil/gas plus the rebuilding of New Orleans look at pbls. It pumps as much oil and gas as amep and is half the price the news is geatting out another pr and you will be chaseing it. imho
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Phoenix Associates Releases Unaudited Balance Sheet for Year Ended December 31, 2004
COVINGTON, LA, Aug 03, 2005 -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) today announced that Dennis Kowalski of Kowalski & Associates has completed an initial review of the Company's Balance Sheet for the period ended December 31, 2004. This balance sheet, while unaudited, represents that the total stockholders equity (net worth) of Phoenix is about $39.7 million. Mr. Kowalski's firm has been contracted to assist the selected audit firm to audit 2003, 2004, and 2005 and will work in conjunction with the law firm of Dickinson/Wright to help make Phoenix a fully reporting company by mid to late 2006.
As indicated by Mr. Kowalski, this unaudited compilation consists of presenting, in the form of financial statements, information that is provided by and is the representation of management. He has not audited the accompanying financial statement and, accordingly he does not express an opinion or any other form of assurance regarding the statement. It is management's intent that a full audit be performed for the years ended December 31, 2003, December 31, 2004 and December 31, 2005. It is anticipated that the audits for the years 2003, 2004 and 2005 will begin in the fourth quarter of 2005. Management does not anticipate material changes as a result of the upcoming audit.
Mr. Kowalski indicated that management elected to omit at this time, with the exception of those listed below, all disclosures and accompanying footnotes, until such time as the audits are performed. As a result, the attached unaudited balance sheet for the year ended December 31, 2004 is not designed for those who are not informed about such matters.
* Land access: consists of a rights agreement initiated on August 29, 1997, including (5) five-year renewals into 2023.
* Depletable property: a percentage of proven mineral reserves totaling $266,000,000.
Paul Alonzo, CEO of Phoenix, stated, "I have made the decision to release this preliminary balance sheet information in the spirit of providing as much information to our investors as can reasonably be made available on a timely basis, as we prepare for the full audit of our financials, and work toward Phoenix becoming a fully reporting company. We are pleased that this preliminary information provides an indication to our shareholders that Phoenix has a net worth of about $39.7 million, based on what we believe to be conservative estimates of the full value of our mineral rights."
Phoenix Associates Land Syndicate Consolidated Balance Sheet (Unaudited) As of December 31, 2004 Assets Current Assets: Cash and cash equivalents 60,676 Accounts receivable 83,000 Inventories 9,500,000 --------------------- Total current assets 9,643,676 Fixed assets: Property, plant & equipment 1,918,300 Accumulated depreciation (455,490) Land access * 850,000 Accumulated depreciation (238,000) Depletable property * 26,000,000 Accumulated depletion (6,240,000) Leasehold improvements 18,527,500 Accumulated depreciation (4,323,083) --------------------- Total fixed assets 36,039,227 Other assets: Prepaid expenses 0 --------------------- Total other assets 0 Total assets 45,682,903 ===================== Liabilities and Stockholders' Equity Current liabilities: Accounts payable 6,382 Current portion of long term debt 0 Other current liabilities 741,467 Other accrued expenses 7,425 --------------------- Total current liabilities 755,274 Non-current liabilities Note payable - stockholder 378,176 Interest payable 30,765 Other non-current liabilities 4,859,382 --------------------- Total non-current liabilities 5,268,323 Stockholders' equity Preferred stock - affiliates 5,045,000 Common stock, .01 par value, 214,402,969 shares issued at December 31, 2004 2,144,030 Paid - in - capital 33,327,719 Retained earnings (857,443) --------------------- Total stockholders' equity 39,659,306 Total liabilities and stockholders' equity 45,682,903 =====================
Notes to accompanying statement of assets, liabilities and stockholders' equity: Phoenix Associates Land Syndicate
(PBLS) OTC Pink Sheets
I have compiled the accompanying statement of assets, liabilities and stockholders' equity in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants.
A compilation consists of presenting in the form of financial statements, information that is provided by, and the representation of management. I have not audited the accompanying financial statement and, accordingly, do not express an opinion or any other form of assurance regarding the statement. It is management's intent that a full audit be performed for years ended December 31, 2004 and December 31, 2005. It is anticipated that the audits for years 2004 and 2005 will begin in the fourth quarter of 2005. Management does not anticipate material changes as a result of the upcoming audit.
Management has elected to omit at this time, with the exception of those listed below, all disclosures and accompanying footnotes, until which time as the audits are performed. As a result, this financial statement is not designed for those who are not informed about such matters.
Land access: consists of a rights agreement initiated on August 29, 1997, including (5) five-year renewals into 2023.
Depletable property: a percentage of proven mineral reserves totaling $266,000,000.
For More Information Contact: Ron Blackburn (985) 845-4627
Mike Mulshine Osprey Partners (732) 233-3853
KOWALSKI & ASSOCIATES 3230 Central Park West. Suite 202 Toledo, Ohio 43617 Office: 419.517.4847 Fax: 419.517.4850
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PBLS update..The Company indicated that this new oil lease is located in the State of Kentucky in an area conducive to air rotary drilling. Rome Oil plans to drill five new wells on its leases in Kentucky prior to the end of 2005. The Company estimates its provable and accessible oil reserves in its Kentucky leases to be in excess of 300,000 to 500,000 BBLS. (OK THAT NUMBER INDICATES AROUND 300MM IN RESERVES ON THAT 1 SITE)
Currently Rome Oil & Gas Co. has 18 wells that are producing between 5 BBL/Day to 50 BBL/day each, with an average production of 26 BBL/day per well, a rate of production that is expected to increase as new wells come on line. (PLUS 5 MORE WELLS GOING IN RIGHT NOW THAT WILL DRAW 250 MORE BARRELS PER DAY)
In addition to their drilling activities in Kentucky, Mid-South Resources/Rome Oil & Gas Co. currently is in the process of registering to drill in the State of Wyoming and is in negotiations for a number of new oil leases in that State
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This info on the company not counting anything for katrina that extra what ever would on top of this
456 million outstanding shares, per October 2005 call with Mgmt. Float approx. 159 million
Current Market-cap based of $0.03 PPS = $13.7 million ----------------------------------------------------------
Current Book-value estimated by mgmt (Oct.6) = $45 million Year-end 2005 projected book-value by mgmt (Oct.6) = $60-70 million -----------------------------------------------------------
Projected earnings for 2006 of $10 million, per call with company (pre Katrina, pre oil deal) $10M/ 466M o/s = 2.15 cents per share of earnings Apply a typical 15X multiple for $0.32 share price [A growth multiple would be 25X or $0.54 share price] ---------------------------------------------------------
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