posted
Yes bond, waiting for some good news. I am feeling kinda' good this morning, I think I'll actually try and play today.
PBLS has amazing things in the works here and is only a matter of time before we are in the teens.
I'm VERY comfortable holding this and will be greatly rewarded. This is one you will want to buy, hold and not look at everyday.......Just sit back and wait.
See you all in a bit. And GOOD MORNING!
-------------------- 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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Lil is right about holding and not needing to watch PPS everyday, unfortunately it is putting our thread on the 2nd page with this mentality. lol
Thats alright cause the fundamentals of the company will get the needed exposure for the company to become the lunar seeking projectile that we believe it will become---in due time.
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
message from cowboy who talked to his drilling friends in KY
« PBLS Message list | Reply to msg. | Post new msg. « Older | Newer » By: usc_cowboy 15 Feb 2006, 12:31 PM EST Msg. 38211 of 38211 Jump to msg. # Howdyyyyy Pardners….I’ve spoken with some of my counterparts in the oil and gas industry that are currently working in KY and TN. Here is some info regarding the typical oil well operations.
Even though we have not heard any recent drilling info from the company, my discussions with my oil n gas buddies from 20 years ago when I was involved with drilling up an area in Warren County near Richardsville (we hit 15 out of 16 there on a small farm) indicate two more wells were successfully drilled and two more locations identified and being surveyed and permitted with drilling to commence next week. It would be nice to get official word from PBLS management
A typical Knox Formation 1500 foot well in ADAIR County will cost you $50,000 to drill, complete, install pumping unit, electrification, piping and tankage. This is average for a lease with multiple wells on 5 acre spacing.
A typical well will produce over its 10 year life 25,000 barrels of recoverable oil. The oil is high quality and is 40+ API degree, Brent and Saudi oil is around 35 API degree rated. The higher the API degree number the better.
Typical oil production rates are 50% of the estimated lifetime production in the first 18 months, then the balance over the remaining life, or 8.5 years.
Typical monthly costs to operate a well (includes pumper costs, electricity, normal maintenance and pulling costs, is $500 per well per month or $6,000 per year. So a lease with 10 wells spaced over the surface area on 5 acre spacing would have a yearly operating cost of $60,000.
There is a waiting period to hire a drilling rig so there is a queue, if you order a drilling rig to be built for you there is a waiting list of 12-24 months.
Several companies have approached local drilling companies in regards to buying them out.
Tennessee wells have recently been drilled 700 –2,000 feet deep with successful oil finds with initial production rates of 140-250 Barrels per day. The geology in Tennessee is more complex than Kentucky and one expects more dry holes, Kentucky drilling success rate is about 60%. I wonder when we start drilling up our leaseholds in Tennessee?
PEBBLERS….Ponder this information and play with the numbers, especially true to compare with the “Production Lending” oil &gas lesson I posted on PNEW’s adelphia.net site.
[Cowboy singing…] “we’re in the money, we’re in the money…..”
USC Cowboy Long n Strong (as usual)
Don’t Blink!
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Another nice day in my opinion. Something is definately up, the sideways trading has begun and the run is still to come! Good luck everyone.
Posts: 216 | Registered: Aug 2005
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How much is everyone holding here? I'm in for 135,500 shares small start but big finish!
Posts: 942 | From: Wisconsin | Registered: Jan 2006
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Looks like our trading pattern has changed lower volume and drops pps in the morning and goes back up by eod. Lower volume in the past ment tank not so now. Changes in patterns means change in pps coming see all of you later
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
According to this artical we hit oils peak this year
Portfolio
Company Price Change Gran Tierra (GTRE.OB) $4.38 +0.23 Storm Cat (SCU) $2.90 0.00 Connacher (CLL.TO) $4.48 -0.31 Torrent (TREN.OB) $2.72 +0.22 Canadian Spirit (SPI.V) $2.55 -0.05
Quote of the Day
"That's it. I can now refer to the world oil peak in the past tense. My career as a prophet is over. I'm now a historian..By 2025, we're going to be back in the Stone Age."
- Kenneth S. Deffeyes, author
February 15th, 2006
Deffeyes' New Peak Oil Date By Luke Burgess
In January of 2004, Kenneth S. Deffeyes, author of Beyond Oil: The View from Hubbert's Peak and Hubbert's Peak: The Impending World Oil Shortage, predicted that world oil production would peak on Thanksgiving Day in 2005.
Now he says that this prediction was slightly off. Using updated data Deffeyes has come up with a new date. According to Deffeyes the world has already passed the peak on December 16, 2005.
The late Dr. M. King Hubbert's theory says that global oil production rate will peak when half of the world's oil has been produced.
It's estimated that there are 2.013 trillion barrels of oil left on the earth. So, the world peak would then happen when 1.0065 trillion barrels have been produced (half of 2.013)
Using end-of-year 2005 production numbers from the Oil & Gas Journal, Deffeyes came up with his new date.
According to the Oil & Gas Journal, the cumulative world production at the end of 2004 was 0.9812 trillion barrels and at the end of 2005 it was 1.00748 trillion.
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted on his website, "Most oil-producing countries are in decline. The rise in production was largely from Saudi Arabia, Russia, and Angola."
"The Saudi production for 2005 was 9.155 million barrels per day. On March 6, 2003 Saudi Aramco and the government of Saudi Arabia announced by way of the Dow Jones newswire that they were maxed out at 9.2 barrels per day. In retrospect, that statement seems to be accurate."
From here it only gets worse. Let me quote Deffeyes again:
"There are calls for embargoing Iranian oil because of the nuclear weapons situation. Pulling four million barrels per day out from under the world energy supply might trigger a severe worldwide recession. In the post-peak era, we're playing a new ball game and we don't yet know the rules."
"Ghawar, the supergiant Saudi oilfield, is producing increasing amounts of water along with the oil. When [Matthew] Simmons sent Twilight in the Desert to the printer, the water cut at Ghawar was around 30 percent. There are later reports on the Internet (home.entouch.net/dmd/ghawar.htm) of water cuts as high as 55 percent. Ghawar has been producing 4 million barrels per day; when the Ghawar field waters out, you can kiss your lifestyle goodbye."
At the beginning of the 20th century, oil supplied only 4% of the world's energy. Today, it is the single most important energy source on the planet.
The present world energy situation is a house of cards, built on diminishing oil and natural gas supplies, geopolitical tensions in the Middle East, the global population explosion and the booming economies in China and India
Pulling any one card out from the bottom of the pile might collapse the whole structure.
Luke Burgess
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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How are you feeling today. I've been away from the computer for days, and notice not much has happened with PBLS. Did manage to pick up a few more shares at 0.03...averaged out just over 0.031. I hope you are feeling better, we missed you on allstocks.
Have a great day... Shark
-------------------- No matter how thin you slice it it's still baloney... Posts: 402 | From: Miami, Florida | Registered: Jan 2005
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Good morning nice to see you are feeling better Lil, Thank you Jelly for the kind words and a big Good Morning to all see all of you later to day
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Shark according to management they will apply for bb status before the end of the 2nd quarter. Most all of there growth just happened last year after Katrina we will see that is why most of us are in this stock. some of the reasons can be listed but I would say really two basic ones.
(1) Business plan that is geared tward natural resources in a time when they are in demand.
(2) Managements time table that they said in pr's to be reporting by 2nd quarter 06
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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Good morning all PBLS'ers....looks like another low volume day, prolly around 2-3 mill, unless we get news...was hoping they would release something before the investor trip but only two days left...Ill be out all day..
GO PBLS....show me some GREEN!!!!!!
Posts: 575 | From: Lawrenceburg | Registered: Feb 2005
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quote:Originally posted by NEL: How much is everyone holding here? I'm in for 135,500 shares small start but big finish!
I am near 1 milion, tommorow will probably buy some more shares. With two brokers i held these positions with PBLS 400 000 stocks, average price 0,0348 590000 stocks, average price 0,032
Posts: 287 | From: prague | Registered: Jan 2006
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posted
slow slow day I think we won't get news this week maybe friday they have done that before but I doubt it
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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mastercraft7 16 Feb 2006, 01:46 PM EST Msg. 38360 of 38364 Jump to msg. # Good News / Bad News / Good News..
I am between meetings at work, so if I do not respond right away, it's because I can't. _____________________________________________________
For those of you that are expecting us to come back with a long list of detailed news events from our upcoming trip, that is not going to happen. To leave you hanging and expecting it, would not be honest at this point.
It is my understanding that if PBLS was to answer the questions we want to ask (remember I sent them a list 1st, so they didn't feel blind sided) it would seriously hurt their ability to move forward with the Reporting Effort and could cause many problems.
I even heard through a rumor (can't confirm as I do not have an inside track) that Paul had been advised not to meet with us and could be committing suicide (I sort of imporvised the suicide word here).
I think we should admire Paul for having the balls and intergity in meeting with us as promised. It's the 1st time I believe a whole group has gone down there together.
I assume since he said he would, warned us where not to go and is giving us the benefit of the doubt, he decided to go through with it. I'm also sure we'll be on a short leash.
I get a Very Strong Impression, they are going from a Good Old Boys Type Business to more of a Professional Legal Begal Type Company as we go tword the reporting status. I think this is good, as it is where we want it to go.
Maybe, this is a good exercise for the company and will become a win / win for all.
I still have my priority set on getting out a Video whereby we can actually see what we've been visualizing in our heads for so long. I want to see it, smell it. touch it and know how real it may be.
If you can, please show support by sending a positive e-mail to PBLS, showing your support and Understanding.
In the end, if there was only one question I could ask, it would be, when to expect a formal Shareholders Meeting, when all these type of Questions can be addressed.
Mastercraft
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Posts: 6008 | From: phoenix az | Registered: Mar 2005
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I just thanked Mastercraft7 for all of us and said we are looking forward to what he has to say
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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