PBLS's, Progas Will move Rome's Oil & Gas through USA Pipelines Nov 15, 2005 (BUSINESS WIRE)Binding Letter of Intent to Acquire ProGas, Inc. Completed Acquisition is Expected to Add $190 Million in Revenues. The deal, which is expected to close on or before November 30, 2005. http://www.pbls.biz/news.htm ProGas purchases and markets natural gas throughout the eastern United States on both interstate and intrastate pipelines. ProGas offers Long term or monthly supply crude oil is available on nearly all the interstate pipelines servicing the Eastern United States. http://www.progasinc.com/ Oct 27, 2005 (MARKET WIRE via COMTEX) Currently Rome Oil & Gas Co. has 18 wells that are producing between 5 BBL/Day to 50 BBL/day each, average 26 BBL/day per well, 18 x26 = 468 BBL/day. expected to increase as new wells come on line. Now Progas Can Move the Oil Through interstate and intrastate pipelines. http://www.pbls.biz/pr42.htm November 3, 2005 (MARKET WIRE via COMTEX) New Oil Lease in Wyoming for its Mid-South/Rome Oil & Gas Division The Company has plans to drill a minimum of nine production wells a possible maximum of 22 wells. http://www.pbls.biz/pr43.htm Production easily double with 40 wells averaging 26 barrels a day. over a 1000 BBL/day, Rome Oil is currently selling its oil at a PPB of $52-$57. $52,000 a day on just the Oil Business alone. $18,980,000 in Oil revenue, Progas $190,000,000 in Revenue. Murphy Sand & Gravel $4 to $8 million per year. http://www.pbls.biz/msg.htm also http://www.pbls.biz/pr38.htm Heaslip Const. revenues will exceed $2,000,000.00 for 2005. Ann Arbor Pools and Great Lakes Pool Plastering, should bring in approximately $2,288,000.00 in revenues For 2005. http://www.pbls.biz/pr38.htm Sep 26, 2005 Press release Bayou State Trucking Revenues for 2005 around $650,000 http://www.pbls.biz/bst.htm , http://www.pbls.biz/pr38.htm
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Well the investors just might have done it between a bunch of longs getting certs and co buying no volume price going up on bid and very few orders getting filled we might have a pop here. co can't buy back last hour so lets see
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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] ---------------------------------------------------------
For 2006 earnings add in all the Katrina work, plus recent/new acquisitions Estimate that to be $25 million for 2006 and assume 100M more restricted shares $25M/566 o/s = 4.4 cents per share of forward looking 2006 earnings Apply a typical 15X multiple for $0.66 share price [A growth multiple would be 25X or $1.10 share price]
(this is just me making a somewhat educated guess) ------------------------------------------------------------
Murphy Sand & Gravel division (820 acres)-- Reserves estimated at $260 million (more recent company materials also show $300 million, like the Sept. 6, 2005 PR).
February 1997 gave us an estimate of “$260 million based on the lowest prices charged by each of the other mining operations in the area for like products” (source: June 14, 2005 news release)
That evaluation is from almost 9 years ago… based on “lowest prices charged”.
Estimate that the sand and gravel property re-evaluation comes in over $600 million (“at least double” Investor Relations, Mike Mulshine 14/9/2005). With 466 million shares out, that’s over $1.28 per share in sand/gravel reserves. ------------------------------------------------------------
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Draw your own conclusion where future oil and natural gas prices will be:
-Many top oil-producing nations have peaked in oil discoveries and production. -U.S. discoveries peaked around 1930 and production peaked around 1970. -U.S. production has decreased by 40% since. -U.S. production continues to decline despite technological innovation and capital investment. -Every year since 1981, the oil industry has pumped more oil than it has discovered. -World discoveries continue to decline despite technological innovation and capital investment. -The world’s 14 largest fields have an average age of more than 50 years. -20% of global production comes from the 14 largest fields. -70% of global production comes from fields more than 30 years old. -The world’s largest oil field, Saudi Arabia’s ghawar, was discovered in 1948. -Saudi discoveries peaked in 1948. -World discoveries peaked in the 1960s. -The energy cost of oil is the amount of energy required to produce the oil. -Energy cost includes energy used in exploration, drilling, pumping, transporting and refining. -The energetically recoverable oil is independent of market price – it is a physical constraint. -When energy cost exceeds energy yield, production is no longer worthwhile at any price. -Ultimately recoverable oil is constrained by net energy yield, not market price. -30-40% of oil is recovered from a typical field at current market prices. -An unknown percentage of world reserves can be recovered before energy yield turns negative. -The 1960s discovery peak established the downward trend of the global discovery curve. -Remaining reserves are estimated by extrapolating the discovery curve. -Oil production mirrors discovery plus a time lag. -‘Peak oil’ refers to production ceiling. -Peaking is different than running out. -Oil production is limited by the rate of flow, not how much is in the ground. -The production rate of flow peaks when approximately half of reserves are depleted. -Estimates of global oil production peak depend on unreliable reserve data. -Future demand also affects the production peak. -Absent perfect data, the question is not if but when global oil production will peak. -Global oil production is projected by some to peak this decade. -Peak production will only be observable some length of time after it occurs. -Current global demand is about 82 million barrels per day. -The International Energy Agency predicts demand of 120 million barrels per day by 2030. -The IEA prediction assumes a demand growth rate of 1.5% compounded. -The IEA prediction neglects the depletion rate of existing reserves. -The Association for the Study of Peak Oil estimates that depletion of existing reserves is 2.4%. -4% more oil must be produced each year to offset depletion plus demand growth. -3 million more barrels must be pumped daily by the end of 2005 to offset depletion plus growth. -22% or 22 million more barrels would be needed daily by 2010. -167% or 227 million more barrels would be needed daily by 2030 – clearly impossible. --The above numbers reflect a compounded 4% rate of increase. -Canada and Venezuela possess vast oilsand reserves. -Oilsand extraction is an energy intensive mining operation. -The amount of energetically recoverable oilsands is unknown. -The mining of oilsands cannot extract oil at the same rate as conventional pumping. -Oilsand production is presently 1 Mb per day and is projected to reach 2 Mb per day by 2010. -Increased oilsand mining cannot offset the depletion rates of conventional oil. -North American natural gas is near peak production and cannot offset declining oil production. -Natural gas imports are constrained by transport bottlenecks and cannot offset declining oil. -Hydrogen is an energy carrier that is largely produced from natural gas. -The U.S. has 100-200 years of coal reserves at current consumption rates. -Coal presently accounts for 23% of U.S. energy production for electricity. -Future coal will be required to replace electricity production from declining natural gas. -Coal can be converted to gas inefficiently – South Africa does this now. -Coal mining yield and conversion inefficiency cannot offset the depletion rates of oil. -Oil from shale is a mining operation that cannot offset depletion of conventional oil. -Solar and wind energy is dilute, intermittent, land-intensive, and can’t be stored on a large scale. -Biofuel production is constrained by competition with food crops for land. -It takes 10 years to build a nuclear plant. -10 years past peak, oil production will have decreased 36% at a 2.4% compounded decline rate. -Population growth and energy availability are highly correlated. -It took millions of years for human population to reach 1 billion by 1850. -It took 150 years for population to reach 6 billion by 2000. -At the current growth rate of 1.6%, population now increases by 1 billion every 10 years. -Modern agriculture is heavily subsidized by oil-based pesticides and gas-based fertilizers. -Modern agriculture is heavily mechanized and dependent on oil for pumping water. -Organic crop yields are several times smaller than petroleum-subsidized crop yields. -Post-Soviet cessation of oil supplies to North Korea resulted in severe and continuing famine. -By the time the problem is recognized, the next generation has been born.
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I'm sure it will continue to go up as everyone is going to want to get in with this coming within the next 10 days!
The deal is expected to close on or before November 30, 2005, and could add significant production and distribution capacity to Phoenix's energy business, as well as a mature and growing business portfolio complimentary to the company's existing oil and gas operations.
According to ProGas audited financial statements, the acquisition when closed, is expected to add in excess of $190 million in annual revenues to Phoenix.
STAND BACK.......IT'S GONNA' PLODE!
and 5*'s for you bond. Just for being smart enough to see a great opportunity to make good bank and deliver great DD!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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Somebody called Friday to speak with Mike or Ron and the secretary stated that they were at a closing. I bet we see a PR today or tomorrow.
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Member Rated: posted November 21, 2005 01:28 -------------------------------------------------------------------------------- Somebody called Friday to speak with Mike or Ron and the secretary stated that they were at a closing. I bet we see a PR today or tomorrow.
Who was that? Nice, That would be sweeeeeeeeeet!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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I just added more I look at this as a good time to buy these shakes have got to come mm's need more shares now if this keeps up I will sell something else and buy more glta I will keep my eyes open
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Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) is very pleased to announce that Mike Ellinger, the owner of Mike's Enterprises, has signed a multi-year contract through the year 2023 with Phoenix and will be working on the mine site at the Murphy Sand and Gravel operation located in Pearl River, Louisiana. Mr. Ellinger and his company are working to enhance the extraction of soil, gravel, sand and other products at Murphy's, which is the cornerstone of the Company's Mining Division.
CEO, Paul Alonzo, having a long working relationship with Mr. Ellinger prior to this new eighteen-year contract, states that, "Mike's new contract and the addition of his mining equipment to the Murphy operation will greatly benefit the efforts and will increase the ongoing revenues of Phoenix by an estimated $4,500,000 per year and an estimated $600,000 in net profit per year."
Investor Information:
Phoenix, trading on the OTC Pinksheets (OTC: PBLS), has about 2,600 shareholders of record. The Company has a total of 377,291,802 shares issued and outstanding as of June 10, 2005, of which 228,085,575 are restricted shares, and the remaining 149,206,227 shares are non-restricted shares and considered to be the public "float" shares. Based on the closing price of PBLS on June 10th, the Company's Market Cap is about $5.3 million.
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.
For More Information Contact: Paul Alonzo Phoenix (985) 845-4627 Email Contact
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In my opinion today was just an mm shake they need shares for the coming runThe word is getting out now just today we had a post from South Korea and Lilpenny answerd his question that all started when pbls started using business wire for more exposer. Another thing if you look at the chart on Ihub you will see a constant increase in accumulation since the beginning of Nov. this all points to the next run in my opinion Lilpenny is right when she said the progas closure will kick start this thing to go. And if you look at there record they have completed every one of there buys that they have pr. Another words a 100% track record this one they waited until they had a binding letter of intent. glta I really think we are going to see a trend change soon.
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quote:Originally posted by bond006: Phoenix Signs Multi-Year Mining Contract
Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) is very pleased to announce that Mike Ellinger, the owner of Mike's Enterprises, has signed a multi-year contract through the year 2023 with Phoenix and will be working on the mine site at the Murphy Sand and Gravel operation located in Pearl River, Louisiana. Mr. Ellinger and his company are working to enhance the extraction of soil, gravel, sand and other products at Murphy's, which is the cornerstone of the Company's Mining Division.
CEO, Paul Alonzo, having a long working relationship with Mr. Ellinger prior to this new eighteen-year contract, states that, "Mike's new contract and the addition of his mining equipment to the Murphy operation will greatly benefit the efforts and will increase the ongoing revenues of Phoenix by an estimated $4,500,000 per year and an estimated $600,000 in net profit per year."
Investor Information:
Phoenix, trading on the OTC Pinksheets (OTC: PBLS), has about 2,600 shareholders of record. The Company has a total of 377,291,802 shares issued and outstanding as of June 10, 2005, of which 228,085,575 are restricted shares, and the remaining 149,206,227 shares are non-restricted shares and considered to be the public "float" shares. Based on the closing price of PBLS on June 10th, the Company's Market Cap is about $5.3 million.
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.
For More Information Contact: Paul Alonzo Phoenix (985) 845-4627 Email Contact
I'm just reading this over and over!
"Mike's new contract and the addition of his mining equipment to the Murphy operation will greatly benefit the efforts and will increase the ongoing revenues of Phoenix by an estimated $4,500,000 per year and an estimated $600,000 in net profit per year."
KABOOOOOM!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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Want another line. Here's some DD for you guys. Hope you enjoy reading it as much as I did making it.
Speaking of old press releases it might be a good idea to reflect on our company over the past year. This post is long but I will try to cover only the highlights of each PR. After making this post it made me think how impatient we are as we agonize over the daily PPS and “microworry” about every little thing. Most of us including myself overanalyze the day to day aspects. I hope this post reaffirms your belief in PBLS as it did to me. The fundamentals will take us to where we want to be, in time.
3/29/2005
Covington, Louisiana - Phoenix (PBLS) is a pink sheet company with over 2,600 stockholders holding less than 245,000,000 shares, with $300,000,000 in assets and a $35,000,000 in house financial statement. The Phoenix group of companies has no convertible debt and reported $2,000,000 of income in each of the past three years. Phoenix stock is grossly under valued because the company has not promoted its stock until the debt settlement agreement was finished. Phoenix has purchased its second pool company to provide better coverage for the four state area mentioned above. With this addition, Phoenix expects to do approximately 200 pools in 2005. Paul Alonzo President and Chairman of the Board PHOENIX ASSOCIATES LAND SYNDICATE
(985) 845-4627
4/22/2005
The status of Phoenix remains similar to its past news releases including $300,000,000 plus in mineral assets under lease, and a $30,000,000 in-house financial statement. Phoenix has rescinded all of the purchase agreements with the plumbing companies in California. The insurance and management issues were too overwhelming for Phoenix in its current financial condition.
Paul Alonzo President and Chairman of the Board PHOENIX ASSOCIATES LAND SYNDICATE (985) 845-4627
6/14/2005
The first acquisition of the new "Phoenix" was Murphy Sand and Gravel in 1997, and proceeded to invest millions of dollars in this 820-acre property located in Pearl River, Louisiana, preparing it for implementation of mining that is now going on and expanding rapidly.
The second acquisition by Phoenix was Bayou State Trucking. Bayou State Trucking is a brokerage company that has over 300 trucks in its brokerage fleet.
The third business area Phoenix has entered is the backyard leisure and recreation market. Phoenix acquired Ann Arbor Pool Builders, Inc., which is a licensed General Contractor in Michigan. This company builds high end in-ground pools and spas. Beyond the initial purchase, Phoenix has completed a Detroit Michigan acquisition by acquiring Great Lakes Pool Plastering. By acquiring in the above-mentioned areas, Phoenix plans to cover thousands of square miles of the Midwest to Southeastern and South Central U.S. Phoenix believes that this division will have 12-15 related companies within the next 2-year period and will generate in excess of $25 million per year in gross revenues.
The most recent new development for Phoenix is the creation of an oil and gas exploration division.
Phoenix, trading on the OTC Pinksheets (Symbol: PBLS) has about 2,600 shareholders of record. The Company has a total of 377,291,802 shares issued and outstanding as of June 10, 2005, of which 228,085,575 are restricted shares, and the remaining 149,206,227 shares are non-restricted shares and considered to be the public "float" shares.
Contact: Paul Alonzo Phoenix (985) 845-4627 phoenixassoc*bellsouth.net or Mike Mulshine Osprey Partners (732) 233-3853 osprey57*optonline.net
6/16/2005
Phoenix Associates Land Syndicate today announced its plan to become a fully reporting company, a necessary step as the Company prepares to move from the pink sheets to the OTC Bulletin Board (OTCBB). Mr. Alonzo, President and CEO of Phoenix Associates Land Syndicate announced that the Board of Directors made the decision to bring the Company into SEC compliance and to become a fully reporting company in accordance with the U.S. Securities Act of 1934 by mid-2006. To facilitate this achievement, Phoenix has engaged the services of Michael Raymond, Esq., with Dickinson Wright, PLLC, Counselors at Law of Ann Arbor, Michigan, as their SEC Attorney. Phoenix also announced that it has engaged the accounting services of Dennis Kowalski of Toledo, Ohio, thus assuring compliance with SEC and NASD regulations for a fully reporting traded company. In addition to Mr. Raymond and Mr. Kowalski, Ms. Patti Fischer, Phoenix's Regional Liaison located in Toledo, Ohio, will also be a member of the team that will bring Phoenix to fully reporting status with the SEC and NASD.
Contact: Paul Alonzo Phoenix (985) 845-4627 phoenixassoc*bellsouth.net or Mike Mulshine Osprey Partners (732) 233-3853 osprey57*optonline.net
SEE POST 4365 FOR 6/21/2005
6/29/2005 Read all of this one
TO ALL PBLS INVESTORS:
From time to time various questions arise from Phoenix investors that involve possible shorting (What can we do?), dilution (Who will get some shares and what percentage do I have?), and of course our progress toward becoming a full reporting company (When will it happen?).
With regard to Phoenix becoming a full reporting company, it is our plan to make announcements from time-to-time on our progress. The Company is determined to complete this process in 2006 and has made several public announcements on this issue and will continue with these progress reports.
With regard to possible shorting of our stock, we believe this is properly attacked by buying stock in the open market coupled with more buying. Phoenix believes that as more potential investors become aware of our Company and come to understand our business, the buying will continue and our stock will tend to move to stronger hands over the next few months and possibly years. The second thing that can be done by investors would be to demand delivery of your certificate when you buy PBLS stock. If you gain physical possession of your shares in certificate form you will greatly contribute to put the shorters out of business.
The third issue is dilution. Phoenix is a growing company. We plan to add five to eight new acquisitions before 2005 is over. Phoenix does not generally buy with cash, but buys with stock. As Phoenix buys -- the assets and the income of the company are expected to increase exponentially. As Phoenix grows, stock will be issued. With these stock issuances, the company continues to increase its stock value for all concerned, but this also causes dilution. There are many companies that do not grow, they have no dilution, they have no market and they have very few future prospects to drive their stock value. We believe that Phoenix stock is for those investors that are interested in a healthy, growing, dynamic company that has a future and that is not content with stagnation. As a limited example, companies like G.E. own and operate hundreds of companies and they have issued 10.61 billion shares of stock and continue to do so. This entire message is from Paul Alonzo, President and CEO of Phoenix Associates Land Syndicate, and it reflects the view and business plan as developed by the Phoenix Board of Directors.
Contact: Paul Alonzo Phoenix (985) 845-4627 phoenixassoc*bellsouth.net or Mike Mulshine Osprey Partners (732) 233-3853 osprey57*optonline.net
(It is of my opinion that as of 11/21/05 they have more cash than anticipated although most acquisitions are paid by cash and stock).
7/1/2005
TO ALL PBLS INVESTORS:
Several investors called the office after our last news release expressing concerns about the use of stock when purchasing existing companies. RESTRICTED AND/OR PREFERRED are the words I left out of the release. In almost all cases we use five year restricted and/or preferred stock to purchase other companies. Each deal has certain unique aspects but they are usually structured with RESTRICTED AND/OR PREFERRED STOCK with certain triggers wherein a seller can exercise various contract options. It is also appropriate to say that any purchase by Phoenix would be expected to be accretive within the first year of purchase, which is certainly in the best interest of our current shareholders. I hope this further clarifies the use of stock in Phoenix purchases.
7/26/2005
The Ann Arbor Pool Builders division reported (unaudited) revenues for the six months ended June 30, 2005 of $864,000, an increase of 17% over the $735,000 for the same period a year earlier. This division of Phoenix also reported that its profits for the first six months of 2005 increased by 108% when compared to the same period a year earlier.
Based on 3rd and 4th quarter sales last year, Phoenix expects Ann Arbor Pool Builders to achieve sales in excess of $2,000,000 for 2005.
8/3/2005
Phoenix Associates Releases Unaudited Balance Sheet for Year Ended December 31, 2004. This balance sheet, while unaudited, represents that the total stockholders equity (net worth) of Phoenix is about $39.7 million.
8/4/2005
Phoenix Associates Announces a Stock Buy Back PBLS will pay $.004 per share for your stock.
8/8/2005
Phoenix Announces Plans to Accelerate the Process of Becoming a Fully Reporting Company.
Updated Buy Back Proposal PBLS will pay $.0041 per share for your stock.
9/1/2005
Phoenix Associates Land Syndicate (OTC: PBLS) up 51.3% on 24.3 million shares traded.
9/6/2005
Murphy Sand & Gravel, is located in Pearl River, Louisiana, and is the closest mining operation to the New Orleans area and the Mississippi Gulf Coast. Our location has millions of tons of soil, sand and gravel and we stand ready to furnish material to help rebuild the devastated areas surrounding the Gulf Coast communities and the City of New Orleans.
9/8/2005
PBLS today announced, after its skirmish with Hurricane Katrina, that it has relocated and set up temporary offices in Galveston, Texas, and business has been UNINTERRUPTED. Stockholders will have more good news in the next few days because Phoenix lawyers have put the final touches on the agreement to purchase two oil and gas companies and the seller's attorneys have signed off on the final agreement. Stay turned.
9/12/2005
The President of Phoenix Associates Land Syndicate Updates Shareholders THANKS TO ALL OF YOU HEROES -- we know who you are -- Superman did not come to the rescue -- YOU DID. I only wish that I could have been young enough and strong enough to have been one of you. You are the military, policemen, fire fighters, political leaders, and volunteers and you are the best of us and we are the rest of us. It will be up to the rest of us to do our small part in bringing our area back -- AND WE WILL. God is watching what we do and we must do it right. The rest of us must not fall short of the standard that was set by our HEROES.
You may remember seeing three-ton bags of sand being dropped into the breached drainage canals at the 17th street canal (this canal separates Orleans Parish and Jefferson Parish) and also at the industrial canal (this canal connects the Mississippi River to Lake Pontchartrain in New Orleans). Guess who supplied much of the sand to the contractors that did the work? You did through your investment in Phoenix and its Mining Division -- Murphy Sand & Gravel.
9/15/2005
WE ARE BACK! Phoenix is back from temporary offices in Galveston, Texas and is now operating in its home base in Madisonville, Louisiana and Pearl River, Louisiana.
9/19/2005
Phoenix Associates Land Syndicate today announced that it has fully executed an irrevocable binding letter of intent for the acquisition of Mid-South Resources, Inc., and Rome Oil and Gas Company. Mr. Alonzo commented further, "Today, Monday, September 19, 2005, the Company's gravel mining operations are open and the truckers are returning. Phoenix is also gearing up its construction division because of Hurricane Katrina. There will be no shortage of real news on these three business areas in the upcoming months."
Phoenix Associates Land Syndicate (Pink Sheets:PBLS) today announced that it has completed the acquisition of 3-D Builders, Inc. in a deal for stock and cash, in an effort to increase its construction division capacity in the wake of Hurricane Katrina and Hurricane Rita.
10/18/2005
Phoenix Closes on Two Oil & Gas Companies Phoenix Associates Land Syndicate announced today that it has completed the purchase, for cash and stock, of the Kentucky-based corporations -- Mid-South Resources, Inc., and Rome Oil and Gas Company.
For More Information Contact: Ron Blackburn (985) 845-4627 Mike Mulshine Osprey Partners (732) 233-3853
10/26/2005
Phoenix Associates Land Syndicate 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."
10/27/2005
Phoenix Acquires New Oil Lease in Kentucky for Its Mid-South Resources/Rome Oil & Gas Division Phoenix Associates Land Syndicate announced today that a new oil lease has been acquired for its Mid-South Resources/Rome Oil and Gas Division. 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.
11/03/2005
Phoenix Acquires New Oil Lease in Wyoming for its Mid-South/Rome Oil & Gas Division Phoenix Associates Land Syndicate announced today it has acquired another new oil lease for its Mid-South/Rome Oil and Gas Division. The Company indicated that this new oil lease is located in the State of Wyoming and consists of 880 acres. Estimated reserves on this lease are approximately 5 million barrels of oil. (Note the difference in the two PRS, one estimates its provable and accessible and the second is estimated.)
11/9/2005
Phoenix Associates Land Syndicate Announces Systematic Share Repurchase Program Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) announced today that the company is initiating a systematic share repurchase program to retire up to 100 million shares of the company's common stock to treasury. Effective immediately the company will begin repurchasing shares through both open-market and selected private transactions in order to reduce the total number of outstanding free-trading and restricted company securities. Mr. Paul Alonzo, CEO of Phoenix, stated,” To date, we have been extremely reserved in share issuances and are now in the cash position to reward shareholders by actively repurchasing outstanding common stock to further propel the company's underlying fundamentals." He continued, "It is our plan to complete this stock repurchase in conjunction with the ongoing initiatives in place to facilitate fully-reporting status and an eventual exchange migration. We anticipate that we will be able to complete both initiatives by the end of the second quarter of next year."
11/10/2005
Phoenix Acquires New Oil Lease in Wyoming for its Mid-South/Rome Oil & Gas Division Phoenix Associates Land Syndicate (Pink Sheets:PBLS) announced today that the company's Mid-South/Rome Oil & Gas Division has secured a new oil lease in Wyoming consisting of over 2080 acres. Recent geologic surveys suggest that the estimated reserves of this lease will increase the company's existing oil reserves in the state by over 162%, from 5 million barrels to approximately 13.1 million barrels.
11/15/2005
Phoenix Associates Land Syndicate Enters Into Binding Letter of Intent to Acquire ProGas, Inc. Completed Acquisition is Expected to Add $190 Million in Revenues. The deal, which is expected to close on or before November 30, 2005, will add significant production and distribution capacity to Phoenix's energy business, as well as a mature and growing business portfolio complimentary to the company's existing Oil & Gas operations.
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Posted by: Shizoku In reply to: None Date:11/22/2005 11:30:12 AM Post #of 4414
This is what I got from conversation with Mike Mulshine: On share count: 1: Outstanding shares 446,000,000 2: Float 159,000,000
On progasinc: Deal was made with nominal amount of preferred shares and cash, Preferred shares have a price guaranteed in 5 years, how much is that price? He can not say, maybe released when deal is complete. Progasinc is very familiar with PBLS management and this just shows how much faith they have in them and where they think PBLS will be in a few years.
On becoming fully reporting company: SEC attorney for PBLS has made it clear that this must be expedited, remaining a pink is not an option anymore because of progasinc acquisition. By middle of 2nd quarter 2006 PBLS will be fully reporting company. Move will be to otcbb.
On further revenues: PBLS intends to have revenue in the Billions, management has made it clear anyone who sticks with us ( shareholders)will be very rich.
On reason why share price is where it is now: MM's got caught on Katrina run to .12 and are covering. Company buyback will pull certs so those shares can not be shorted, has buyback started? He said all mechanisms in place but can not answer that.
On new drilling? 5 new wells in KY expected before the end of the year. Company in contact with good drilling companies, we will hear about a lot more new wells.
Just be patient, the move will come when MM's are done IMO, I can’t see this stock at this price, it hurts to look at it but hey a good time to add.
Shizoku
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Is Progasinc a publicly traded company? Cant find anything on them. Anyone help? Another is Hydroslotter Corp. Cant find them, Canadian I believe. Russian technology to enhance stripper wells.
-------------------- It takes a lot of attaboys to make up for an aww chit
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Phoenix Associates Land Syndicate Enters Into Binding Letter of Intent to Acquire ProGas, Inc. Completed Acquisition is Expected to Add $190 Million in Revenues. The deal, which is expected to close on or before November 30, 2005, will add significant production and distribution capacity to Phoenix's energy business, as well as a mature and growing business portfolio complimentary to the company's existing Oil & Gas operations.
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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Phoenix Associates Land Syndicate Enters Into Binding Letter of Intent to Acquire ProGas, Inc. Completed Acquisition is Expected to Add $190 Million in Revenues. The deal, which is expected to close on or before November 30, 2005, will add significant production and distribution capacity to Phoenix's energy business, as well as a mature and growing business portfolio complimentary to the company's existing Oil & Gas operations.
LOL I wish! I don't think so though. The PR says they are based out of Covington Louisiana, and the ProGas with BP is out of Canada. I will still take the 190 mil in revenue though, even from the Bayou!
-------------------- I just want to make enough money to be eccentric.
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