Phoenix Associates Land Syndicate (fka PBLSQ)

[McDuck]

OIL & GAS REVENUES COULD EXCEED 1 BILLION...

by the end of 2008. I was looking over the Oil & Gas division info. on PBLS's web site to see if the Company they sold last November is part of the 1 billion dollar projection. I thought it might be but apparently it is not.

Then I was looking over the report posted on Pink Sheets {page 11} and noticed that under oil & gas revenues the value of zero has been entered for 2005/2006; yet ProGas alone is supposed to have had revenues of $190,000,000 in one of those years. Am I missing something here or did someone else miss something?

I admittedly wonder if there is any validity to this particular projection; however if there really is the potential for a billion dollars from that one division within just 18 months; well that's huge.

Likely just wishful thinking but maybe there is some good news coming from this sector and maybe it's really slippery!!!

Still long...... still positive.

$crooge