posted
Looks like the smart money is loading up now I think the mm's have covered their shorts a little news and away we go imho. Wow I could use a Christmas bonus.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by dp2002: When the news hits about the aquisition being completed where can this go?
Pages 1 and 2 of this thread have all the relevant dd and speculation on pps after the ProGas deal is closed. The specifics are that $190 MILLION (yep +($190,000,000) additional revenues for end of fiscal year 2005 when the deal closes!
Guesses as to where the pps can go is pure speculation, but I (and I KNOW lil) see it going way up. You can probably figure the pps estimate based on the revenues and other relevant math info based on the dd.
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
We are getting closer some time between now and Christmas then its off to the races. imho
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Phoenix Associates Land Syndicate Acquires New Oil Lease in Nevada, Increasing Total Estimated Oil Reserves by Over 433% Dec 7, 2005 9:20:00 AM Copyright Business Wire 2005 COVINGTON, La.--(BUSINESS WIRE)--Dec. 7, 2005--
Phoenix Associates Land Syndicate (Pink Sheets:PBLS) announced today that the company's Mid-South/Rome Oil & Gas Division has acquired a new Oil & Gas lease property located in White Pines County Nevada in an all-cash transaction. The lease, consisting of over 7871 acres, represents the company's third lease acquisition outside of its existing properties located in Kentucky and Wyoming. Recent geologic surveys suggest estimated reserves for this lease of approximately 50 million barrels, increasing the company's total existing estimated oil reserves by over 433%, from 15 million total barrels to approximately 65 million total barrels. With the company's 30-day sales average of $54.00 per barrel, total unrealized value of the Company's total estimated oil reserves now exceeds $3.5 Billion USD.
Paul Alonzo, CEO of Phoenix, stated, "We are pleased to be able to introduce this leasehold into our ever-deepening portfolio of oil & gas properties. A producing well in close proximity to our new Nevada leasehold is currently producing in excess of 15,000 barrels of oil per day." He continued, "As such, we are planning to quickly deploy the resources necessary to drill and bring new wells on that property online as soon as possible."
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively pursuing synergistic businesses in order to rapidly build capacity.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Phoenix Associates Land Syndicate, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For further information, go to the Company's website at: http://www.pbls.biz, or contact:
Posts: 84 | From: South Korea | Registered: Mar 2005
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posted
Not even better ed. Just a sweet little bonus.
Going to highlight the parts I like the best!
Phoenix Associates Land Syndicate Acquires New Oil Lease in Nevada, Increasing Total Estimated Oil Reserves by Over 433% Dec 7, 2005 9:20:00 AM Copyright Business Wire 2005 COVINGTON, La.--(BUSINESS WIRE)--Dec. 7, 2005--
Phoenix Associates Land Syndicate (Pink Sheets:PBLS) announced today that the company's Mid-South/Rome Oil & Gas Division has acquired a new Oil & Gas lease property located in White Pines County Nevada in an all-cash transaction. The lease, consisting of over 7871 acres, represents the company's third lease acquisition outside of its existing properties located in Kentucky and Wyoming. Recent geologic surveys suggest estimated reserves for this lease of approximately 50 million barrels, increasing the company's total existing estimated oil reserves by over 433%, from 15 million total barrels to approximately 65 million total barrels. With the company's 30-day sales average of $54.00 per barrel, total unrealized value of the Company's total estimated oil reserves now exceeds $3.5 Billion USD.
Paul Alonzo, CEO of Phoenix, stated, "We are pleased to be able to introduce this leasehold into our ever-deepening portfolio of oil & gas properties. A producing well in close proximity to our new Nevada leasehold is currently producing in excess of 15,000 barrels of oil per day." He continued, "As such, we are planning to quickly deploy the resources necessary to drill and bring new wells on that property online as soon as possible."
This is just AWESOME!
[ December 07, 2005, 13:47: Message edited by: lilpennypincher ]
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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quote:Originally posted by lilpennypincher: Not even better ed. Just a sweet little bonus.
Going to highlight the parts I like the best!
Phoenix Associates Land Syndicate Acquires New Oil Lease in Nevada, Increasing Total Estimated Oil Reserves by Over 433% Dec 7, 2005 9:20:00 AM Copyright Business Wire 2005 COVINGTON, La.--(BUSINESS WIRE)--Dec. 7, 2005--
Phoenix Associates Land Syndicate (Pink Sheets:PBLS) announced today that the company's Mid-South/Rome Oil & Gas Division has acquired a new Oil & Gas lease property located in White Pines County Nevada in an all-cash transaction. The lease, consisting of over 7871 acres, represents the company's third lease acquisition outside of its existing properties located in Kentucky and Wyoming. Recent geologic surveys suggest estimated reserves for this lease of approximately 50 million barrels, increasing the company's total existing estimated oil reserves by over 433%, from 15 million total barrels to approximately 65 million total barrels. With the company's 30-day sales average of $54.00 per barrel, total unrealized value of the Company's total estimated oil reserves now exceeds $3.5 Billion USD.
Paul Alonzo, CEO of Phoenix, stated, "We are pleased to be able to introduce this leasehold into our ever-deepening portfolio of oil & gas properties. A producing well in close proximity to our new Nevada leasehold is currently producing in excess of 15,000 barrels of oil per day." He continued, "As such, we are planning to quickly deploy the resources necessary to drill and bring new wells on that property online as soon as possible."
This is just AWESOME!
Yeah, I caught the "all cash" part and am suprised why this hasn't had at least a little run!?
Posts: 680 | From: san francisco | Registered: Aug 2005
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posted
Funny this news came out business wire but etrade did not pick it up,knobias,and on other boards they say ameriatrade, and scott trade did not either I got my news off of yahoo
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I am hoping for some numbers on money that they ARE making instead of money that they are gonna make. Just a hint of how much business they have been doing in the last 2-3 months would be GREAT!
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
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posted
This is excellent news. I noticed that my etrade account didn't post it either. Might take a couple days to set in. The important thing is I have all the shares I need before the big run takes place. I suggest that everyone that is thinking of getting in this to get in this week. And If you haven't yet, go and read bond and penny's posts. Their DD was very helpful. Thanks guys. And let us run to at least .05!
Posts: 216 | Registered: Aug 2005
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posted
Good news all. I just spoke with Mike Mulshine 732-233-3853 a GREAT guy! My conversation with him was inteded to find out WHY yesterdays news was not released to all of the streamers yesterday.
GOOD NEWS. He saw that himself last night and was concerned as well. He stated that he did receive a few e-mails voicing concern on this matter. He is NOW checking on it and said if this does not get fixed today, he will release another PR today! Now he was a very nice guy but, sounded very busy and was going to get on the phone with business wire ASAP! So if you all want to speak with him to verify this, It's probably better to now e-mail him as the business day has already started.
Just my 2 cents.
his e-mail is... osprey57*optonline.net
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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posted
Great job Lilpenny sounds just great today might be a green day I realley think a lot of people did not see the news yesturday glta if I see anything new I will report back glta
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
The more I read into this the better it sounds to me. Looks like as of what we have been told this is a company now with 4 billion in assets that will be verified in official audit when they apply for otc bb 1st quarter of 06. My point is that right now anything at this price is a gift imho I wish I could get in with more but I am all in with my cash reserves at the moment, and I feel another week is all we will have for cheap shares the word is finally getting out all the boards are getting new investores by the day and the Co. is getting a hughe pick up in the volume od emails and calls it looks like we are in the begginng of a big move up
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Always had an interest in this one and have been in and out....assets are huge....but not a big fan of Pinks....sent an e-mail yesterday asking when they would be reporting and I got the following...
"We are in the process of becoming fully reporting as of this writing. We anticipate that this will be completed by mid 2006."
-------------------- I may be wrong, but I don't think so.... Posts: 837 | From: Madison, WI | Registered: Sep 2005
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