Replies to post #50030 on Phoenix Associates Land Syndicate (fka PBLSQ)

[WAC]

Hey, that looks like the list I was going to start the other day. Let's see how many items you can get on there. I betcha 25 is not out of reach. We have SO much to hear about from the company. Other than the PPS, I like what they are doing. IMO.

[Renavatio]

1. They only had an option on that land that expired
2. That, I believe is a Hayden rumor, at best
3. Pro-gas is gone along with it's big revenue predictions and next to nothing margins. I think it was a lemon sold to them by a good salesman...
4. Supposed to be drilling "soon." Don't hold your breath.
5. Do you really want to see the Bayou Boys dancing around the pit naked at night after too many cheep imported beers?

IMO

[sawdin]

I forgot about the Brazilian land, when was that PR'd? I'd like to read all about it again!

Pro-Gas is going to be sold off, if it hasn't already been done behind the scenes.

We are not in the business of oil exploration, we provide drilling services for those who are. We can currently drill around 5-6 wells (this takes from 7-41 days per well) and supposedly have orders in for $5.5M of additional equipment that should double our capacity.

PS... You posted about some of the issues/tasks involved in becoming SEC compliant. The post I'm replying to provides the answer to the question "Why do it"? Also, as you noted, the process takes time, thus it needs to be started asap.... or should I say, "Re-started" ;)