Good morning to you also. Thanks for the encouraging words for 2006. What are some natural gas plays you know of? I hope it will be a nice cold winter, and have some nice natural gas plays. Howsit in Jerzeeee? At the moment it is 75 degrees, and sunny.
Shark
-------------------- No matter how thin you slice it it's still baloney...
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I'm looking into a few, I'll PM ya' with my findings. Keeping PBLS on top of the list along with IDTA right now. Keep your eye on PEG, coming down.......
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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Press Release Source: Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate Settles Long-Disputed Notes Tuesday January 3, 10:03 am ET
COVINGTON, LA--(MARKET WIRE)--Jan 3, 2006 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News) announced today that it has favorably settled a longstanding promissory note dispute that has been carried on Phoenix books as a disputed contingent liability for years. The settled notes were related to capital raised, in a partial funding, in the late 1990s for the purpose of developing its Murphy Sand & Gravel operations. According to the terms of the settlement agreement, Phoenix has paid Capital Growth Resources and Capital Growth Protection, Inc. a total of approximately $557,000 in cash and approximately 11,824,000 shares of Restricted Common stock to settle disputed claims on $2,350,000 (approximately $8,000,000 total savings with estimated interest) of outstanding promissory notes issued in connection with the aforementioned raised capital. ADVERTISEMENT
CEO of Phoenix Associates Land Syndicate, Paul Alonzo, stated, "We are delighted to have reached an agreement to remove a significant although disputed contingent liability from the Company's books. While the Company disputed the validity of these promissory notes for a number of years, we acted quickly when presented with the opportunity to bring closure to the issue. The settlement terms will help the company and its shareholders realize a net savings benefit of an estimated $8,000,000 plus over the face value of the notes." He continued, "We continue to address potential business and operational hurdles like this while focusing on building our core businesses, both organically and through acquisitions, in order to build Phoenix into a world-class enterprise the shareholders can be proud of."
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.
Safe Harbor
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. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. 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.
Contact: FOR FURTHER INFORMATION, go to the Company's website at: http://www.pbls.biz, or contact:
Mike Mulshine Osprey Partners (732) 233-3853 Email Contact OR Brass Bulls Corp. (866) 342-2700
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Looks like Capital Growth Resources and Capital Growth Protection even took restricted common shares as part of there settlement. Even there debtors that are in dispute with pbls believe in the furture of this company. Amazing now just if the investing public will.glta
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What do the last two sentences say about this great move about pbls and why is this so important? This was necessary to start the buy back and to move to fully reporting.
Mr. Paul Alonzo, CEO of Phoenix, stated, "This initiative signifies the Company's commitment and unwavering focus to maximizing shareholder value. 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."
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Energy and Asset Technology, Incorporated (OTCPK: EGTY), develops and cultivates environmentally responsible products and business opportunities in many areas including their growing tree division. The company is having an impressive day in trading today up 150 percent with over 131 000 traded shares. Today is the heaviest trading day for the company in the last two weeks and it shows as the share price is currently positioned at $0.05, which is a significant rise from the previous closing price of $.02. There has not been any news released from the Company since July 26, 2005, when Energy and Asset Technology reported that they are committed to assist a new venture known as Independent Vehicle Inspection Services (IVIS).
Phoenix Associates Land Syndicate (OTCPK: PBLS), through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. It has been a busy day in the market for Phoenix Associates Land Syndicate as the share price jumped out of the gates this morning. Shares flew up close to the 2 cent mark in the early morning trading session but have recently dropped to $.0171 over the last hour. The investor activity surrounding the Company today is hectic as over 9 million shares have changed hands. The last time the share price made a similar run in the market was on Wednesday of last week, as the share price went from $.0198 to $.017 and then back to $.0198, only to finish at around $.0177 by the end of the day. The last news released by Phoenix Associates Land Syndicate was issued on December 16, 2005. In the report, the Company 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.
Montana Oil & Gas, Incorporated (OTCPK: MOGI), is an independent oil and gas producer with North American operations. The oil and gas company has had an up and down day in share price since the opening of the market this morning. Share price opened at $.05 and stayed at that price for the first hour of trading. The value of shares then took a step down the charts to $.02 for a little while but has battled back to $.04 over the last hour. The volume of shares traded this morning is at 168 000, which is above the average volume of 98 000 shares. Over the last 2 months, investors have witnessed the share price travel from $.20 in the middle of October to $.04 by the closing bell yesterday. The last press release issued by Montana Oil & Gas was on October 20, 2005. The news on that day was a Company report that the 1-5-60-25W4M Westlock well, that was completed and tied into a sales line in May, has continued to produce strong revenues for the company.
Premium Petroleum, Incorporated (OTCPK: PPTL), is set to exploit petroleum and natural gas reserves in an environment of unprecedented commodity prices and under the guidance of a highly qualified management and technical team. It has been a day of gains and losses as far as the share price for Premium Petroleum is concerned. With over 215 000 shares traded in the market today, the share price rose to $.020 in the first hour of trading, only to drop to $.015 in the next hour. The previous closing price was $.017, so the value of shares is down 9 percent on the day. There is no recent news to justify the immediate decline in share price witnessed in the market today. The Company did release a positive announcement on December 15, 2005 that it has engaged the well respected contracting firm of Boyd Exploration Consultants Ltd. to conduct the shooting of its recently designed seismic program. Premium Petroleum Inc. also announced that surveying crews have been mobilized. This report was the last news issued by the petroleum company.
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Nice to be back after a nice long relaxing vacation. This is great news indeed. We should see a great year out of PBLS. Happy New Year everyone.
-------------------- Matthew T. Taber
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