Phoenix Associates Land Syndicate (fka PBLSQ)

[LDOilWell]

Just,
It means that if they were to go drill a well on their "oil leases" where ever they might be, and find a 1000 barrel a day well, which is a REAL stretch....the earnings from that would equate to about $0.01 per share. The odds of that happening, My guess is about 1 in 2,500,000,000....funny, I've seen that number before. Even if it did, we might not here about it for a "FEW" days. I can only hope that if they get into exploration, they find some outside expertise!
Again JMO