Replies to post #13054 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Mastercraft6]

Madcdrius..

I see your point.

Is it possible that when they released that PR, that's
how many they had at the time and they are now focused on
the bigger producing wells and putting the equipment in place elsewhere, and capped those because they could do better elsewhere?

I'm just shooting in the dark here, have no clues, just responding to your post and thinking I understand what you're saying and cannot disagree.

I would have to be in a position to have some information from management, or others, to know this one way or the other.
So, I'm not a source (yes I know, you didn't suggest that I was, just trying to make a point).

Simple truth, I don't know anything about what the facts are here.

I've never known Cowboy to lie though.

So, if PBLS does read these posts, maybe they will clear it up and if it's true, they'll be asking each other, who have you talked to outside of the Management Team Lately (I would think).

In looking at the big picture, if they capped a few slow producing wells and have sub-leased more land / minerals to other big companies, received the go-ahead from the Army Corp. of Engineers, gotten closer to form 10, or whatever else newsworthy, are we ahead, or behind with recent events.

Mastercraft

[Steviej70]

"why have we capped over 10 that were producing between 5-50 bbl/day!!!"

Are you saying 5-50 all 10 wells combined? Or 5-50 each well? I cannot believe that we would cap a well producing 50 bbl/day.