quote:Originally posted by firefly: Hi sweet lil,,Getting my 3k tax back off Q. Just hung outside Christmas lights. This pinky any good or a bump and run lol.
This has become my baby Fly. Would love for you to read the DD. I'm loving it.......almost engaged I think........LOL Jealous?
Please come here and play. Even if you don't buy in. Miss you Pal!
-------------------- 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
I also think you have to look at the synnergy this brings to a growing oil company. If Net income is doubled or tripled through better management and it gives you a leg up when working as a producer.
1. Marketing - less middle men.
2. Finance - pay yourself the interest for developing infrastructure. The oil industry is currently expanding and financing is a big part.
3. Consulting - you own your consulting group.
Bush dumped a lot of oil reserves after Katrina, it lowered oil prices. As this levels off you can bet the govt will replace the oil at lower prices which will increase demand again.
Posts: 660 | From: Kansas | Registered: Mar 2005
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quote:Originally posted by JohnnyRotten: I also think you have to look at the synnergy this brings to a growing oil company. If Net income is doubled or tripled through better management and it gives you a leg up when working as a producer.
1. Marketing - less middle men.
2. Finance - pay yourself the interest for developing infrastructure. The oil industry is currently expanding and financing is a big part.
3. Consulting - you own your consulting group.
Bush dumped a lot of oil reserves after Katrina, it lowered oil prices. As this levels off you can bet the govt will replace the oil at lower prices which will increase demand again.
Ooooo..Hoooo-HOOOOO!
There's a nice thought! ===========================================
I want to bring this over as well.
macdrsirules Member
Member Rated: posted December 16, 2005 20:52 -------------------------------------------------------------------------------- Guys read this PR. I have studied all the PRS in 2005 and it is well known that there will be some dilution. However I should add that the overwhelming majority of the shares issued are restricted for 5 years. We shall all see soon as stated in the PR today if you read that far. "CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
They have came through with a promised PR 100 percent of the time. There is no reason not to believe that PBLS will make all wanted info about share structure available in the near future.
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).
One more
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.
The increase in A/S to 2 billion does not surprise me nor scare me. Paul clearly stated that resticted/preferred shares would be used for acquisitions. This guy is straight forward and open, definitely not your run of the mill pinksheet. The numbers will be made public in the near future.
GO PBLS!!!!
lilpennypincher Member
Member Rated: posted December 16, 2005 20:59 -------------------------------------------------------------------------------- EXACTLY MY POINT! You need to DRIVE FORWARD! BRAVO Mac!
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.
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
and of course today's (just before the bell) PR.
Phoenix Associates Land Syndicate Releases ProGas Acquisition Details Friday December 16, 3:50 pm ET
COVINGTON, La.--(BUSINESS WIRE)--Dec. 16, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share. ADVERTISEMENT
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division. According to ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
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 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.
(a) The Preferred Shares have a par value of $10.00 per share, a dividend rate of 6% per annum (payable quarterly) and are redeemable by Phoenix at any time up to 5 years by cash payment at the par value or issuance of restricted common stock (at a conversion rate based upon the trailing 30-day average closing price). The sellers will also receive "piggyback" registration rights for the common stock they receive in such redemption.
Contact: For Phoenix Associates Land Syndicate, Covington Osprey Partners Mike Mulshine, 732-233-3853 osprey57*optonline.net http://www.pbls.biz or Brass Bulls Corp., 866-342.2700 matthew*brassbulls.com
-------------------- 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
Can I just say that I REALLY appreciate all the hard DD and work that everyone has put into this.
Posts: 1632 | From: NJ | Registered: Nov 2005
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posted
This has been very over sold for a while when it run it will most likly go lake a banchee. glta see you latter lilpenny and other hosts.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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I am not sure what you're talking about. All I originally said was she was pumping and she attacked me and being offended I retaliated.
I have the right to express my opinion. I certainly didn't call names or insult anyone.
I don't blindly follow anyone...I understand that all the DD in the world doesn't necessarily mean anything for these companies. They are on these exchanges for a reason...
The grim reality is that with these stocks there is a lot of shadiness going on with people on these boards and the companies themselves.
Do I think PBLS is going to do anything significant? No I don't...no matter what this "DD" says.
Is it possible to make a profit with it? Yes, but you certainly aren't going to be rich overnight (like lil's comments may lead one to believe).
I think these threads need a reality check once and a while. If you want to put me on ignore fine...
The fact of the matter is this stock lost another 12% today. I would hate to see new people lose their savings because they have been lead to believe they will become rich by buying this stock.
Anyway...that's all I have to say.
Posts: 688 | Registered: Aug 2005
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posted
lol, prefect...how could you be "attacked"? ran a quick scan on-thread and don't see where you were jumped...obviously, I might've missed it...
But, c'mon, as recently as you joined with only a little over 500 posts--why would anybody attack you? If you're trying to share good stuff--which i assume you are--that simply doesn't make sense...
posted
Sorry perfect, lets start over this is a time when we need to stick together and stay focused things will work out I am sure
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Well for what ever the reason is this stock is starting to get noticed look at all the new posters that are coming aboard here. IHUB the thread is the third most popular board now. DD machine it is in the top one third of most popular request for information. Board central top ten request for web site info. People are starting to take notice and that is good.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
Great to see, thank you lil, bond, and all the other posters for the great info you provide. Im still holding long and strong. Have a good weekend and GLTA of us.
-------------------- Fred [IMG]http://renegade.iconlabs.net/images/tek.gif[/IMG] Posts: 1097 | Registered: Jun 2005
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"Do I think PBLS is going to do anything significant? No I don't...no matter what this "DD" says."
Have you done any DD on this company, have you spoken with any of the management, have you checked to see history of RS or scam or other fraud?
Or are you just making your free opinion known because it is a pink sheet stock?
Many people on this board and others have spent countless hours studying everything possible about this company.
Pinks and OTCBB are known to be heavy laden with scams. The object is to find the few that are not scams and have revenue and profits and are 100 percent legitimate working companies.
Call someone on the PR and go visit them. They will welcome you as they have everyone that has visited them.
The transparency is coming soon. They come through every time with news as they promised. This time PR will show share structure, or actually it might not be a PR but will be available in numerous places for easy access.
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
I got my info from the Houston Chronicle. The transaction is being advertised in broad daylight where people could speak up if ProGas wasn't a real company.
The numbers given are "audited" financials. Even though PBLS is non-reporting, ProGas themselves used an official audit for this transaction and may themselves be a reporting company. Have to look into that.
Of all the pinks I have looked at this one seems logical to me. Go back over all the scams and I think they were dishing out divvies to hold people in while they scam you, the divvies end up worthless and the stock price eventually plummets and dies.
If you took the current max for OS and the profit numbers given I think the company is trading close to fair value now. All I see is upside as the numbers are released.
1 mil profit / 2 bill AS x 20 pe = .01
All I see here is a real company trying to build something. One thing I do want is confirmation on some Katrina construction projects. We haven't seen much info in that area.
The oil lease DD seems like it was thoroughly researched and it has a real chance to produce some oil someday. Once the drilling is announced this should fly. If oil is found in just medium quantities this should really fly.
Big investors buy on revenue and profit, they may take small positions in riskier stuff like a pinky. Pinkies fly on speculation because we are here to get in before it flies to make some real big money quick. That is why we get scammed easily, but also why some do get rich.
I don't see this as a get rich quick company though I could see a 10 bagger or more in the near future. 20 cents or more in less than six months is possible. The reason is that they have not released OS or numbers from Katrina projects etc. It is possible they could come in with 10 million in profits pretty easily, if os is 1 billion or close to it you have a 20 cent pps at 20 pe.
If they took 190 mil revenue and produced 5 mill in profit through better management, even if OS is maxed at 2 billion you get a share price of .025 with a 10 pe. Plus add the profits from other businesses they are in.
If they make 5 million profit from Katrina projects they are at .025 with a 10 pe with OS maxed.
Add in any oil revenue. If off their lease they produce 1 well at 1000 barrels a day at 40$ a barrel, if they only receive $1 profit per barrel you end up with 1000 X 365 or 365,000 a year profit.
I am a numbers cruncher. I see a lot of upside here.
It is still risky but this makes more sense to me than most pinky companies.Posts: 660 | From: Kansas | Registered: Mar 2005
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posted
This was not directed to me but, My name was mentioned again so I will respond!
quote:Originally posted by prefect: bond006,
I am not sure what you're talking about. All I originally said was she was pumping and she attacked me and being offended I retaliated.
I have the right to express my opinion. I certainly didn't call names or insult anyone.
I don't blindly follow anyone...I understand that all the DD in the world doesn't necessarily mean anything for these companies. They are on these exchanges for a reason...
The grim reality is that with these stocks there is a lot of shadiness going on with people on these boards and the companies themselves.
Do I think PBLS is going to do anything significant? No I don't...no matter what this "DD" says.
Is it possible to make a profit with it? Yes, but you certainly aren't going to be rich overnight (like lil's comments may lead one to believe).
I think these threads need a reality check once and a while. If you want to put me on ignore fine...
The fact of the matter is this stock lost another 12% today. I would hate to see new people lose their savings because they have been lead to believe they will become rich by buying this stock.
Anyway...that's all I have to say.
"I am not sure what you're talking about. All I originally said was she was pumping and she attacked me and being offended I retaliated."
You bet your butt I'm pumping this baby! But, in fairness to me and others... Pumping with DD to back it!
I BELIEVE In the WHOLE dang thing!
I'm spreaing the Word and it's getting out!
It all comes down to this. I'm IN IT! DON'T FOLLOW ME ON MY POSTS! I post to share my excitement and disappointment with those that share this wonderful thread with me.
If you don't like it, there is an ignore button.....PULLLLLLLEEEESE put me on it!
"Do I think PBLS is going to do anything significant? No I don't...no matter what this "DD" says."
So then why are you here? Apparently......you don't own any shares, RIGHT?
I love when people come on a thread and Pi$$ on the parade of others. I've backed up my (so called) pumping with DD, now it's your turn. Please give me the DD that you have found that leads you to say this......I'd love to see it. I'd welcome all DD even if I don't like it.
"Is it possible to make a profit with it? Yes, but you certainly aren't going to be rich overnight (like lil's comments may lead one to believe)."
Now.........Here's some DD for ya'. Go back and read every post of mine and find where I said anything close to "You will get rich over night"! I myself don't plan on getting rich On PBLS. I have stated that I will SELL ON THE RUN and GET MORE BACK ON THE DIP! AND I WILL! Now......Did I make myself clear that time?
"The fact of the matter is this stock lost another 12% today. I would hate to see new people lose their savings because they have been lead to believe they will become rich by buying this stock."
TO ALL NEWBIES! You will not get rich on most any penny stock. Don't be foolish and HOLD IT FOREVER. Watch the charts.....look for the HIGHS and Get out there. Buy back in again on the lows. Learn to play the stock game before dive in. Don't listen to me......OR ANYONE! I'm only here to have fun, make friends and make money........and apparently Pi$$ some people off. LOL
Look I don't have a crystal ball and can't guarantee what this or any stock will do. What I do know is........I like PBLS out of ANY of them out there and it's got my vote for being strong and headed in the right direction!
Good Luck to all of you!
-------------------- 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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Before you post another bashing diatribe, please name the long list of other pink-sheet companies that 1) are debt-free, 2) have positive earnings, 3) are growing revenues and earnings year over year at a pace of well past 100%, 4) have a float of under 500 million shares, and 5) are trading at a miniscule fraction of intrinsic value.
Now, after you have compiled that list, we'll begin comparing PBLS to what you must think are scores upon scores of companies fitting this bill.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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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. Based on the closing price of PBLS on June 10th the Company's Market Cap is about $5.3 million.
As of 6/14/2005 Phoenix consisted of: Murphy Sand and Gravel Bayou State Trucking Ann Arbor Pools Great Lakes Pool Plastering
As of 10/6/2005 3-D-builders acquisition
As of 10/18/2005 Mid-South Resources and Rome Oil and Gas Company acquisitions
As of 10/27/2005 New oil lease in Kentucky acquisition
As of 11/10/2005 New oil lease in Wyoming acquisition
As of 12/9/2005 New oil lease in Nevada acquisition
As of 12/15/2005 Progas acquisition
These are the major acquisitions that have increased the O/S and revenue/future revenue of PBLS.
There are other factors that may have increased O/S also such as multi-year contract with Mike’s enterprises, acquiring services for full audits, acquiring services for survey of Wyoming Oil Leases and other items that may/may not affect O/S.
Now with this being said the O/S was around 378,000,000 on June 10. In October management said the O/S was around 460,000,000, since that phone call there have been acquisitions of 3 new oil leases and 3 oil and gas companies(Mid-south, Rome, Progas). The latest number I heard from management about O/S was around 600,000,000 a week or so ago. I would guess that last number was before Progas acquisition which would raise the O/S to around 611,000,000.
I estimate that the number we will see concerning O/S, when the share data is released, is between 611,000,000 and 650,000,000 with float of around 200,000,000. This depends on whether there are any other acquisitions that are closed before the release of the share-related data.
We all know on DEC. 6 that Authorized shares increased from 1 billion to 2 billion. It seems logical to me that PBLS may very well be in the process of other acquisitions that would bring O/S close to 1 billion shares and that is why the authorized shares went up to 2 billion. I for one do not have a problem with that as long as the shares aren’t immediately thrown into the float, (and I do not think they have been or will be), and are used for acquisitions using restricted/preferred shares. Remember as the O/S does indeed increase and revenues/profits of the company increase as well.
This post is simply speculation and my calculations. We shall soon see if these figures are close to being correct.
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
TO THE BASHERS WHO BASH THE SO CALLED PBLS BASHERS I have never seen so much over the top anger at someone(prefect)for expressing his views that happen to be different from yours .the last i heard this country is still a democracy and this is a public forum.you are a bunch of hypocrites.you are the biggest red flag against buying this stock.if your so confident in it why do you feel the need to pummel someone into the ground.you have convinced me to avoid this stock.if anyone would like to get a different perspective on this stock check out the bullboard at stockhouse.com.p.s.all the so called dd seems to be coming out of the ceo's mouth,as i don't know him from a bar of soap it don't mean zip until it can be independently verified.
posted
I went over to stockhouse and read the thread, it is pretty much worthless as far as dd goes.
The reason is that Utah has only one moderately producing region. The person's dd covered the entire state. If the lease is in the right region they have a high probability of success.
quote: These regions of higher productivity and regions of little or zero productivity remain approximately the same when only recent production activity is considered. Figure 4 illustrates the distribution of oil and gas production from 2001 to October 2003. Figure 5 identifies the areas accounting for 95% of the oil and gas production during this period. Again less than 5% of Utah's recent oil and gas production comes from outside these moderately productive fields.
Looking at expected (mean) and median well productivity gives an idea of what types of production levels are typical of wells within the productive or the unproductive areas. Since drilling began, 13,529 wells have been drilled in the state of Utah. Of these wells, 5,115 (38%) have produced no oil or gas. However:
6,977 of the 13,529 total wells are inside the regions responsible for 95% of the cumulative oil and gas production. Of these wells, the median production is 96,000 BOE and the average production is 366,000 BOE. Eleven percent of these wells produced no oil or gas. 6,552 of the 13,529 wells are outside the regions responsible for 95% of the cumulative oil and gas production. Of these wells, the median production is zero BOE and the average production is 27,000 BOE. Sixty-three percent of these wells produced no oil or gas.
In this region only 11% of the wells are dry. They produce over the 1000 bbl of oil I used in my figures.
So, until the stockhouse guys figure out where the lease is and the geology surrounding it, their dd is pretty worthless and doesn't discredit the company.
Posts: 660 | From: Kansas | Registered: Mar 2005
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quote: Until recently, little significant drilling had been completed in the Great Basin area of Eastern Nevada and Western Utah, which is why the near billion barrel discovery made by Wolverine Gas & Oil (see Figure 1) has opened the eyes of many, and established credibility for those companies already pursuing opportunities within the Great Basin area. As described in an Oil and Gas Journal article dated January, 17, 2005 , the Wolverine discovery in the Covenant field has the potential for 896 million bbl from the Navajo No. 1 (current producing zone) alone.
quote: Eden Energy Corporation (EDNE) traded as much as 2.46% over open on Thursday.
Eden Energy has acquired 211,000 acres near Ely Nevada. This acreage encompasses the Noah Oil Prospect, a giant 53-mile long, seven mile wide linear anticline. It lies 15 miles to the southeast of the Blackburn oil field and 60 miles north of the Railroad Valley oilfield. At the Railroad Valley field one well, the Grant Canyon #4 produced over 4,000 Bopd for 15 years and was one of the most prolific onshore wells in US history
People, they are going to drill not that far from this well. This well produced 4000 bbls consistently for 15 years.
I think if we hit oil this stock is going to kick some pink sheet tail.
Posts: 660 | From: Kansas | Registered: Mar 2005
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posted
Be careful...oil stocks can kill a portfolio if a well comes up dry. I've learned that lesson way too many times. I'd wait until the strike is confirmed, get in, and ride the buy up rather than try to get in early and hope for a hit.
The Foot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
I would agree if this was solely an oil company and this its only source of income. PBLS has some good potential without a quick oil discovery.
You are correct though, a dry hole can kill momentum. A good oil discovery makes those in early pretty happy. It is possible this will fall some more for a better buy in but I wouldn't count on it.
Where I work I can't trade when news hits. Being a day late could kill your chances at good money. If you can't get out on bad news it kills you as well.
The purpose of this dd isn't to pump it, but to show that this area is a real developing oil exploration area. Those who say PBLS is a scam haven't proven it.Posts: 660 | From: Kansas | Registered: Mar 2005
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quote: With the secret out, industry players expect a bidding war to break out at the next Utah leasing auction, set for May 17 in Salt Lake City. "This is huge for the state of Utah," said Larry Nation of the American Association of Petroleum Geologists. "The budget for the entire state of Oklahoma is virtually built on oil revenues. I could see that happening in Utah in the future."
PBLS is just getting into the middle of it. Could be a scam, but doesn't look like it.
quote: Annual economic growth has hovered at about 2 % for years. Unemployment is at 4.7 %. The problem is more underemployment than unemployment, Nash said. Not enough work that pays a decent wage, with many folks working two jobs. But that all changed in May, when the headlines hit about Wolverine's windfall. Oil and gas leases that once went for $ 2 an acre were now being snatched up for $ 1,250 an acre, and real estate agents started fielding calls from out-of-towners eager to invest. "Now, everyone wants a piece of the pie," said Mark Tucker, president of the Chamber of Commerce
I think I would buy lease rights at 2$ and sell them for 1200$.
Posts: 660 | From: Kansas | Registered: Mar 2005
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quote: I spentfourteen years with Suncor in Calgary, beforestarting my own company, D. SharpeManagement, where I have consulted to,managed and run a number of successful startupcompanies including Velvet Exploration andGemini Energy, to mention a couple.Educationally I hold a Bachelors of Sciencedegree from the University of British Columbia,I’ve got a certificate in Business Managementfrom the University of Calgary, and I alsoattended and graduated from the Banff School ofAdvanced Management.EC: Lastly, if you could tell our readersone thing about Eden Energy, what would itbe? Mr. Sharpe: Well, hopefully you’ve heardthrough this interview, our theme is to think big.Velvet Exploration was sold for $425 million,Gemini Energy is now worth about $125 million,Ultra Petroleum, another company founded in Vancouver that I had some interest in the earlydays, now has a market cap of about $2.5 billion.So again, we look for big projects with big potential and we think the Noah Project inNevada fits that bill. Eden Energy Corp. (EDNE)
I will do more searching on EDEN oil, but EDEN doesn't make PBLS a scam.
quote: Peter Aubry Position: Director
-------------------------------------------------------------------------------- Mr. Aubry has an extensive 30 year career in Western Canada's oil and gas sector successfully founding and building both private and publicly-listed companies. Focused on maximizing shareholder value and ownership, as a Director of Pan Atlas Energy Inc, Mr. Aubry played a roll in facilitating its acquisition by Velvet Exploration in September 2000. Velvet Exploration was subsequently acquired for $434 million by El Paso Oil & Gas in August 2001.
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