quote:Originally posted by bond006: And thats why we are hitting oil because of speedy he smells that oil out and pbls drills wear he starts to dig
LMAO bond! Finally got yer link to Columbia Magazine to open and now see speedy. Thought you were refering to me (?) before, so I was a little confused!HHaaaarrrrr!! There IS a "family" resemblance, BUT......I NEVER EVER lick my....... Good dd, by the way, Chesapeake Energy here in Oklahoma bought a company & leases in Kentucky to the tune of over a billion dollars, which propelled them to number 2 behind Devon (the largest independent oil producer). It is their first venture outside OK & TX. They think it will be another Anadarko Basin!!
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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oil dog I am very sorry for any misunderstanding.
I sure hope that we get a pr and an update next week.
As of the end of the third quarter of 05 Rome oil had 18 producing wells with plans to drill 5 more. Proof that they did something was in the Columbia mag. The 18 wells are producing aprx. 14000. barrels a month.
Next is WY. in the year 06 9 to 22 planed drills
Last will be Nevada I guess they have to start test wells from what I hear.
If rumor is correct and this in only rumor at this point pbls is looking into buying a drilling co . Progas the reseller was only a rumor to so I keep my fingers crossed. glta hope tomorrow is green to. Thanks for th at boys oil dog good nite all
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Kelly Leak from Ihub connected the dots with dd good stuff. He is very committed.
AWESOME....DD from i-hub Posted by: kelly leak In reply to: None Date:1/8/2006 5:06:58 AM Post #of 9122
People..Focus
Rome Oil & Gas currently has 18 producing wells in Kentucky averaging 26 barrels per day each, or approximately 14,000 barrels per month in total. With the company's 30-day sales average of $54.50 per barrel, management expects continued impressive revenue and earnings growth as the new wells are on line. http://biz.yahoo.com/bw/051110/20051110005381.html?.v=1
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. This lease was acquired for a cash payment. No stock either common or preferred was used to acquire this lease. http://biz.yahoo.com/iw/051103/0100127.html
Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) 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. http://biz.yahoo.com/bw/051110/20051110005381.html?.v=1
Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) 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. http://biz.yahoo.com/bw/051207/20051207005393.html?.v=1
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.
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.
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." http://biz.yahoo.com/bw/051216/20051216005519.html?.v=1
Paul Alonzo, President and CEO of Phoenix, stated, "We are very pleased with the rapid progress our company is making in the oil and gas sector, while our sand & gravel and construction business operations continue to grow stronger by the day."
Paul Alonzo, CEO of Phoenix, stated, "The acquisition of this new lease significantly increases our potential production capacity in the area and marks a continuation of our strategy to acquire lease assets with low-risk and high production profiles." He continued, "We continue to evaluate some very exciting lease opportunities on a daily basis, in keeping with the company's growth-at-a-reasonable-price philosophy, in order to further deepen our footprint in domestic fossil fuel production."
Paul Alonzo, CEO of Phoenix stated, "This acquisition embodies a strategic cornerstone in our ongoing efforts to attain critical mass in our energy operations and establish a sizable domestic footprint. The acquisition will not only add substantial free cash flows but also significant margin enhancement by acting as internal marketing agent for our existing Oil & Gas production operations." He continued, "I am particularly excited by the rapid growth of ProGas' facilities finance division. This business will give Phoenix a unique opportunity to help qualified producers grow their production and reserve base by taking a risk-mitigated ownership position in the physical asset of these businesses. The financing structure frees producers to focus their capital resources on core oil and gas producing activities while providing Phoenix with partial ownership, pre-agreed lease payouts and revenues over a designated time period."
Key words ..cash..restricted shares..grow..growth..acquisition..acquisition targets..revenues..reserves..cash flows..assets..earnings
posted
For those of you looking at your chart for PBLS and thinking it is overbought, I would like to remind you that PBLS reached overbought territory below .02 and rose all the way to .12. So forget about RSI, STO, Williams%.
posted
We usally get news on tuesdays and thursdays I have a feeling somthing is going to come out this week
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
I looked back through some of the postings - Does 20 cents look to where this company will start leveling out or does it have the ability to climb higher? I know the charts look good. Any information appreciated.
posted
I personally think the stock will continue to rise with some small, temporary pullbacks until financials are released at which time the climb will be continuous until reaching proper valuation. JMHO
Way too much going for PBLS for the PPS not to continue to rise, even better when the rise is a little more slow and steady.
Posts: 539 | From: BIG D | Registered: Apr 2005
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Posted by: partysasquatch In reply to: eggman80 who wrote msg# 9140 Date:1/9/2006 10:21:06 AM Post #of 9153
Eggman, Of course they are. This is a systematic elimination of the short. They want shares as cheap as possible. The elimination of the floating IOU's will help the longs here shortly. When news hits we will fly and only the true float will be there to buy.
Most of which is certed. We will fly soon!!!
My estimated numbers had a 0.40 per share price at end of 2005. Let's see if I am close. Without WY and NV, I have a share price of over $2.00 for 2006. We will know soon. That includes no more drilling at all. The $2.00 price rises with each new well and increase in natural resource prices of oil, sand, and gravel. Also increases in housing and repair costs will raise that number also.
Party
Posts: 539 | From: BIG D | Registered: Apr 2005
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"You're right mac. I see the RSI and am not concerned. I remember that being nothing on the run up to .12!
I'm so covienced this is a good price that I got 22400 at .038!
Gonna' seem really cheep when it doubles!"
Yes, yes it will.
I know of a guy who had to pay an extra penny for every share of PBLS that he bought. He has 2 million shares now. He also could only buy up to 5,000 shares in one lot which cost 20 bucks. Yet he still bought 2 million shares!!!! This person lives out of the country and they take you to the cleaners where he lives.
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
We need to hold and this will Fly. I could see .o5 today if we resist .04 resistance. Does anyone know when they are going on to the American Market
Let's Go PBLS and All Long Holders. I'm 125,000 at Avg. .0195 So I'm Happy.......
Posts: 29 | From: NYC | Registered: Feb 2005
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posted
This is nothing... wait till we get a big PR!!!
Lil, you said that the resistance we have is old... does the age really matter? I mean, is it reasonable to assume that those aren't really resistance anymore because they are old? How does it usually work?
Posts: 1711 | Registered: Oct 2005
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Good dd, by the way, Chesapeake Energy here in Oklahoma bought a company & leases in Kentucky to the tune of over a billion dollars, which propelled them to number 2 behind Devon (the largest independent oil producer). It is their first venture outside OK & TX. They think it will be another Anadarko Basin!! ![[Big Grin]](biggrin.gif)
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