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Ne14atrade, just like I said actually you said it for me, just a credit report for corps, who they are what accounts, etc.....Nothing in it will give you any true insight to what their net profit is, after all isn't net profit what everyone here is fishing for?
Shelby, the D&B report is like a credit report for corps, just means they pay their bills, I don't think much of it. Numbers from audited financials which pbls has will.
Happy Thanksgiving all.
pnew122, I think we can't expect more than $1 to 10 million range of net profit. We'll have to wait for pr and progasinc audited finanacials which pbls said they have.
pnew122, you need to adjust profit of progasinc, they do not work on 50%, that is very high.
No, not new, just on 1st run a few weeks back from .0024 I forgot which mm it was dilluting.
ARCA doing some dilluting? Anyone else see what ARCA is doing? Thoughts?
peorge, I don't mind go ahead.EOM
Now this is just my opinion from watching every tick of pbls the last few months. I don't see dillution, I've seen dillution with other stocks, MM's have tried but the core group of longs keeps buying when they drop, JMHO, think MM's have dug even a bigger hole. THIS IS ALL MY OPINION, so please understand I could be wrong. Think the float is in the hands of true longs right now and not daytraders. Just look at the declared shares owned by members here and other boards. Even if they exagerate by 50% how many they own you still got a bunch owned by many on these boards. If float is verified by TA......
Grizzy, company is being realistic and cautious. Being a pink has it's advantages, if they release a pr saying they plan to move to amex it would sound like a pump, wouldn't it? Step by step.
Yes, as current as it can get.
This is what I got from conversation with Mike Mulshine:
On share count:
1: Outstanding shares 446,000,000
2: Float 159,000,000
On progasinc:
Deal was made with nominal amount of preferred shares and cash,
Preferred shares have a price guaranteed in 5 years, how much is that price? He can not say, maybe released when deal is complete. Progasinc is very familiar with PBLS management and this just shows how much faith they have in them and where they think PBLS will be in a few years.
On becoming fully reporting company:
SEC attorney for PBLS has made it clear that this must be expedited, remaining a pink is not an option anymore because of progasinc acquisition. By middle of 2nd quarter 2006 PBLS will be fully reporting company. Move will be to otcbb.
On further revenues:
PBLS intends to have revenue in the Billions, management has made it clear anyone who sticks with us ( shareholders)will be very rich.
On reason why share price is where it is now:
MM's got caught on Katrina run to .12 and are covering. Company buyback will pull certs so those shares can not be shorted, has buyback started? He said all mechanisms in place but can not answer that.
On new drilling?
5 new wells in KY expected before the end of the year. Company in contact with good drilling companies, we will hear about a lot more new wells.
Just be patient, the move will come when MM's are done IMO, I can’t see this stock at this price, it hurts to look at it but hey a good time to add.
Yes Dsprey, but I still went with the mojo of GZFX and my profits will be buying more PBLS.
Good morning all, how bout some green today. Let's go pbls.
Draw your own conclusion where future oil and natural gas prices will be:
-Many top oil-producing nations have peaked in oil discoveries and production.
-U.S. discoveries peaked around 1930 and production peaked around 1970.
-U.S. production has decreased by 40% since.
-U.S. production continues to decline despite technological innovation and capital investment.
-Every year since 1981, the oil industry has pumped more oil than it has discovered.
-World discoveries continue to decline despite technological innovation and capital investment.
-The world’s 14 largest fields have an average age of more than 50 years.
-20% of global production comes from the 14 largest fields.
-70% of global production comes from fields more than 30 years old.
-The world’s largest oil field, Saudi Arabia’s ghawar, was discovered in 1948.
-Saudi discoveries peaked in 1948.
-World discoveries peaked in the 1960s.
-The energy cost of oil is the amount of energy required to produce the oil.
-Energy cost includes energy used in exploration, drilling, pumping, transporting and refining.
-The energetically recoverable oil is independent of market price – it is a physical constraint.
-When energy cost exceeds energy yield, production is no longer worthwhile at any price.
-Ultimately recoverable oil is constrained by net energy yield, not market price.
-30-40% of oil is recovered from a typical field at current market prices.
-An unknown percentage of world reserves can be recovered before energy yield turns negative.
-The 1960s discovery peak established the downward trend of the global discovery curve.
-Remaining reserves are estimated by extrapolating the discovery curve.
-Oil production mirrors discovery plus a time lag.
-‘Peak oil’ refers to production ceiling.
-Peaking is different than running out.
-Oil production is limited by the rate of flow, not how much is in the ground.
-The production rate of flow peaks when approximately half of reserves are depleted.
-Estimates of global oil production peak depend on unreliable reserve data.
-Future demand also affects the production peak.
-Absent perfect data, the question is not if but when global oil production will peak.
-Global oil production is projected by some to peak this decade.
-Peak production will only be observable some length of time after it occurs.
-Current global demand is about 82 million barrels per day.
-The International Energy Agency predicts demand of 120 million barrels per day by 2030.
-The IEA prediction assumes a demand growth rate of 1.5% compounded.
-The IEA prediction neglects the depletion rate of existing reserves.
-The Association for the Study of Peak Oil estimates that depletion of existing reserves is 2.4%.
-4% more oil must be produced each year to offset depletion plus demand growth.
-3 million more barrels must be pumped daily by the end of 2005 to offset depletion plus growth.
-22% or 22 million more barrels would be needed daily by 2010.
-167% or 227 million more barrels would be needed daily by 2030 – clearly impossible.
--The above numbers reflect a compounded 4% rate of increase.
-Canada and Venezuela possess vast oilsand reserves.
-Oilsand extraction is an energy intensive mining operation.
-The amount of energetically recoverable oilsands is unknown.
-The mining of oilsands cannot extract oil at the same rate as conventional pumping.
-Oilsand production is presently 1 Mb per day and is projected to reach 2 Mb per day by 2010.
-Increased oilsand mining cannot offset the depletion rates of conventional oil.
-North American natural gas is near peak production and cannot offset declining oil production.
-Natural gas imports are constrained by transport bottlenecks and cannot offset declining oil.
-Hydrogen is an energy carrier that is largely produced from natural gas.
-The U.S. has 100-200 years of coal reserves at current consumption rates.
-Coal presently accounts for 23% of U.S. energy production for electricity.
-Future coal will be required to replace electricity production from declining natural gas.
-Coal can be converted to gas inefficiently – South Africa does this now.
-Coal mining yield and conversion inefficiency cannot offset the depletion rates of oil.
-Oil from shale is a mining operation that cannot offset depletion of conventional oil.
-Solar and wind energy is dilute, intermittent, land-intensive, and can’t be stored on a large scale.
-Biofuel production is constrained by competition with food crops for land.
-It takes 10 years to build a nuclear plant.
-10 years past peak, oil production will have decreased 36% at a 2.4% compounded decline rate.
-Population growth and energy availability are highly correlated.
-It took millions of years for human population to reach 1 billion by 1850.
-It took 150 years for population to reach 6 billion by 2000.
-At the current growth rate of 1.6%, population now increases by 1 billion every 10 years.
-Modern agriculture is heavily subsidized by oil-based pesticides and gas-based fertilizers.
-Modern agriculture is heavily mechanized and dependent on oil for pumping water.
-Organic crop yields are several times smaller than petroleum-subsidized crop yields.
-Post-Soviet cessation of oil supplies to North Korea resulted in severe and continuing famine.
-By the time the problem is recognized, the next generation has been born.
MWC, know what you're talking about, he needs to cool it, the only positive I see today is MM's not droping the ask like they always do on low volume days.
Ifurme, something is definetly up, just watching how mm's behaving, usually they would've droped ask by now.
Suprised we're not down a lot, MM's not lowering bid like they do with pbls on low volume days/hours/minutes.
Don't see all MM's on my L2 screen, I use microcap, anyone else have this problem? I only see 4 on pbls and other stocks i see only 1 or 2.
1st hour and last hour company cant buy.
grizzy/ They indicated that both reporting and buyback will be completed before end of 2nd qtr 2006.
4 trades of 6500 shares...3 at ask 1 ar .0265, I gotta stop staring at this thing. Now couple of mirror trades.
No trades 1/2 hour or so but no sellers too. Rather see no trades than a bunch of sells at the bid. Think we are in a stare down right now, who blinks 1st. Well, my eyes are staples open till pbls moves to higher exchange. Along the way I keep adding.
Chapter/Not if they already had purchased restricted shares, or made other deals. Read the PR again.
I want to see how NITE reacts on the ask today. Will it take 5 million shares to move him off the ask or he will run away from ask if he gets hit.
MM's moving off ask easier today, I haven't seen this with PBLS in a long time.
Thank you Tree and Power for the welcome. Glad to be here. Lot's of great info and discussion here. Hope I can contribute.
Hello all, I've been following this board for a while and I have a large position in PBLS already and plan to add more. There's a lot of talk about dillution and I truly believe that's not the case here. I've seen other stock being dilluted and I've never seen NITE being used as the market maker who does the dilluting. NITE is holding this stock down no doubt about it, they are the ones selling the shares and it seems they are selling shares they don't have. As been said before they were not on the ask towards the end of the day, think something is up here. Have we seen the end of NITE price manipulation? Anyone here ever seen NITE being used to dillute by any company? If you have let us know.
Shiz