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[PowerPole]

PBLS News just came out a few minutes ago...

COVINGTON, LA, Oct 27, 2005 (MARKET WIRE via COMTEX) -- Phoenix Associates Land
Syndicate (Phoenix) (OTC: PBLS), a holding company with assets in oil, sand &
gravel, soil products, land development, trucking, contract hauling, swimming
pool construction and construction related industries, announced today that a
new oil lease has been acquired for its Mid-South Resources/Rome Oil and Gas
Division.

The Company indicated that this new oil lease is located in the State of
Kentucky in an area conducive to air rotary drilling. Rome Oil plans to drill
five new wells on its leases in Kentucky prior to the end of 2005. The Company
estimates its provable and accessible oil reserves in its Kentucky leases to be
in excess of 300,000 to 500,000 BBLS.

Currently Rome Oil & Gas Co. has 18 wells that are producing between 5 BBL/Day
to 50 BBL/day each, with an average production of 26 BBL/day per well, a rate of
production that is expected to increase as new wells come on line.

In addition to their drilling activities in Kentucky, Mid-South Resources/Rome
Oil & Gas Co. currently is in the process of registering to drill in the State
of Wyoming and is in negotiations for a number of new oil leases in that State.

Paul Alonzo, President and CEO of Phoenix, stated, "We are very pleased with the
rapid progress our company is making in the oil and gas sector, while our sand &
gravel and construction business operations continue to grow stronger by the
day."

For more information about Phoenix, go to the Company's website at:
http://www.pbls.biz