posted
picked up 35k more today for an even 100k, moneyflow and volume (doubled 10 day avg vol, with relatively little change in pps says strong base here) say this is set to pop, just need a catalyst, like the pr tomorrow :-)
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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my 2P worth.I WOULD WORK ON 15000B/month as someone suggested, 'cos it ain't per day.I'm long on AMEP & they have their own rig,since mid sept and still ain't spudded yet.Wells or lack of ain't the problem, rigs are.Demand is huge & hire can cost $15000 per day thats if you can get one.Still looking at it.
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LiL Thanks for the response to PPTL. I will look forward to any others and keep up with the postings. I always look for you... My friend said something about January/February for drilling starting/ or Drilling will be ready to go to produce us money. He told me this could be a great hit at .02. I know its a chance,but 100000 shares will be nice if this strikes oil/gas at what they think will be there. GLTA
Let's Go PBLS need that christmas hit....
thanks again LIL and look forward to more post to and from you. Matt NYC
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man i love this chart, nice slope on the accum/distrib line, stochs about to bounce off 20, resistance at about .028, .035 then .04 lovin it for today
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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posted
Phoenix Associates Land Syndicate Closes Acquisition of ProGas, Inc. and Clarifies Statements about Nevada Oil Lease 12/15/05
COVINGTON, La., Dec 15, 2005 (BUSINESS WIRE) -- Phoenix Associates Land Syndicate (Pink Sheets:PBLS) announced today it has closed on its acquisition of Covington, Louisiana based ProGas, Inc. The transaction, which was concluded on Wednesday, is expected to add significant production and distribution capacity to Phoenix's energy businesses on an ongoing basis. ProGas, which also has offices in Houston, Texas, has reported audited revenues in excess of $190,000,000 for the past fiscal year (y.e. 8/31/05).
Paul Alonzo, CEO of Phoenix stated, "We are very happy to have finalized this transaction. Along with the intrinsic value of ProGas' business operations, the Company is also fortunate to be gaining a talented, extremely knowledgeable and dedicated team in Oil & Gas operations that will undoubtedly enhance the Company's future position in those markets."
The Company issued a clarification of an inadvertent error contained in the Company's December 7th press release entitled, "Phoenix Associates Land Syndicate Acquires New Oil Lease in Nevada, Increasing Total Estimated Oil Reserves by Over 433%". In the Release, CEO Paul Alonzo was quoted as having stated that, "A producing well in close proximity to our new Nevada leasehold is currently producing in excess of 15,000 barrels of oil per day." The statement should have read, "Based on data collected from a third-party geologic study, a producing formation in close proximity to our new Nevada leasehold is believed to have current production capacity of approximately 15,000 barrels of oil per day."
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 business sectors and is aggressively acquiring 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.
SOURCE: Phoenix Associates Land Syndicate
-------------------- Trading is a blast!!
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upticking on the bid, HDSN at .021 on the bid and .034 on the ask
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot.
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