Phoenix Associates Land Syndicate (fka PBLSQ)

[pnew122]

Xylan-Income

Funny too how they claim the 47.5 in Mineral Reserves
on the financials, yet the PR mentions the following.

We are currently working in our construction and oil and gas businesses to help promote a larger volume of profits. We will soon be adding new businesses and personnel to help in these markets.

http://biz.yahoo.com/iw/071031/0322087.html

When you look @ the Oil Reserves line it shows zero. We still maintain the leases...... Very hard to draw an "ongoing" conclusion with so many gaps. But you are correct. Unless they turn the Komex deal, I don't see the billion $ figure as attainable or accurate.