Replies to post #2085 on Phoenix Associates Land Syndicate (fka PBLSQ)

[pnew122]

Check me math.

Although we don't have a time frame of how long it will take to get it out of the ground, consider this.

5mil barrels x $55.00 average per barrel = 275mil $.

Take 1/2 of that for taxes and production costs (costs might be higher) and you get $137mil buckaroonies.

137 + 40mil (current assets) = 177mil.

177 / 466,000,000 shares = .38PPS not counting ANY OTHER SEGMENT of the biz. Am I wrong? If not, can any of the oil experts here figure a time frame (years) for extraction?????