Phoenix Associates Land Syndicate (fka PBLSQ)

[Imirish]

Whirl / Small

I really think they are looking for a partner... but if someone wanted to take them out of the leases that would be fine also... looks like they may not have really done enough dd on the purchases and I read about 6 or so months ago from one of our posters USC cowboy, that he suggested they got hoodwinked in the tenn, ky deals so to speak.... does anyone remember that post by him.... and also the cost in nev and wy combined with the weather issues as to drilling season is a big problem... they either get deep pocket partner of get rid of this.... I have said this for over a year and a half. that most of us bought this on the pit.... then they morphed into all these other things, good , bad and so so.... no company could have possibly done enough or proper dd on all those companys they purchased in such a short period of time except companys like ge and such.... they were bound to miss on something.... in my opinion.... the oil services are far better play and I support those deals.... hopefully they will be great rev and profit points.... we will see... in my opinion...

Imirish...