Replies to post #52889 on Phoenix Associates Land Syndicate (fka PBLSQ)

[Sideem]

If only I had extra cash..:-/

[mickvonmerk]

yes i agree Ted the dark side flows strong in this one!
you are an oil guy so i have an oil question
ABP is going to IPO its MLP master limited partnership retain 47% of it after that it will retain 34Bcfe of proved reserves and all of the "unbooked upside potential in our resource plays in West Texas and Wyoming, in addition to several exploratory projects in South Texas." how the heck do i fist of all value the resorce plays??? Second if you have 34Bcfe of proved reserves in the ground how do you value that? If you are familar with the name your opinion would be apreciated