PBLS BULLETS.....
-Rome Oil and Mid-South Resources ----
Phoenix coffers are still healthy enough to finance and bring into production the next ten wells which our research indicates will be the most profitable.
-It is my policy that Phoenix need not go into debt to develop these oil and gas properties. Our policy shall be to raise money for future drilling (if need be) on a non-recourse method without putting Phoenix into debt.
-WAY AHEAD OF SCHEDULE HERE>>>>>> I anticipate Phoenix having over $1,000,000,000.00 worth of mineral reserves by the end of 2006.
We are in negotiations at this time with several companies we will try to acquire.
-DON'T FORGET THE CONSTRUCTION SIDE OF PBLS>>>>Oct. 6, 2005--Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today announced that it has completed the acquisition of 3-D Builders, Inc. in a deal for stock and cash, in an effort to increase its construction division capacity in the wake of Hurricane Katrina and Hurricane
Rita.
-The company is working on and anticipates that it will have additional acquisition and rebuilding-related announcements in the near future.
-FEMA????The company has also added additional human resources to pursue work through the U.S. Army Corps of Engineers, the Federal Emergency Management Agency (FEMA) and regional contractors that have been assigned work in the disaster relief.
-INSIDER BUYBACK!!!!Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) announced today that the company is initiating a systematic share repurchase program to retire up to 100 million shares of the company's common stock to treasury.
-Recent geologic surveys suggest that the estimated reserves of this lease will increase the company's existing oil reserves in the state by over 162%, from 5 million barrels to approximately 13.1 million barrels.
""""management expects continued impressive revenue and earnings growth as the new wells are on line."""""
-WOW!!!!Phoenix Associates Land Syndicate Enters Into Binding Letter of Intent to Acquire ProGas, Inc. Completed Acquisition will Add $190 Million in Revenues for FY 2005................................................
Currently Rome Oil & Gas Co. has 18 wells that are producing between 5BBL/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 the new wells come on line.
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KENTUCKY IS BIG imo!!!healthy enough to finance and bring into production the next ten wells which our research indicates will be the most profitable
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MORE WELLS COMING...WYOMING SITE!!!The company has plans to drill a test well on this property prior to year-end and, assuming satisfactory test results, expects to drill a minimum of nine production wells on Geological structure with a possible maximum of 22 wells.(22 X 25 NICE NUMBER)
