Phoenix Associates Land Syndicate (fka PBLSQ)

[Whirligig]

Good find smallfish.....
Looks like we are going out of the oil business. Nothing about Sam's but they are in the supply side of the oin business and probably more profitable.
I an not surprised or really disappointed to see this as we have not heard anything positive from Rome oil for some time. Activities seem to have been stalled, I would guess, due to poor production and the cost of competing with the big dogs for profitable leases.
With a table full of working divisions the oil exploration business may have diverted more time, energy and money than was available.
Looks like we are spinning off a weak sister.