Replies to post #1641 on Phoenix Associates Land Syndicate (fka PBLSQ)

[treepeople]

“an average production of 26 BBL/day per well”

over current 18 wells = 468 BBL/day

X 365 days = 170,820

X $50 BBL OIL = $8.5 million in revenue

Plus the 5 wells on this new lease, plus more wells on current leases, plus coming acquisitions of new leases/wells.

IMO, It is not far-fetched at all to predict this division alone creating $15 - $25 million in revenue for 2006.

And PBLS’ market-cap is currently what? Less than $14 million (456 O/S x $0.03)

Best regards,
Treepeople

[tradin_fool]

the thing I'm looking at is the income per day...

$60x 18wells x 26 barrels per day = $28080 per day and that is just Rome oil

[monkeyfrog]

Ok here's the problem as I see it. There are no specifics about how many shares or cash were used to "aquire" these leases- also there is no mention as to the royalty interest owners of these leases. The company is great at "estimating" mineral reserves-[ see safe harbor ] but the things they obviously do know as fact they don't share with their investors- Seems like PBLS could easily mention the terms of the aquisition in this PR.