Replies to post #6256 on Phoenix Associates Land Syndicate (fka PBLSQ)

[pokerdv8]

I believe they have pr'd in the past their #'s in regards to the KY. wells.
Here's what they have sold their oil for recently....

"The Company also updated that it is in the process of drilling six new wells on its existing Kentucky lease hold. Rome Oil & Gas currently has 18 producing wells in Kentucky averaging 26 barrels per day each, or approximately 14,000 barrels per month in total. With the company's 30-day sales average of $54.50 per barrel, management expects continued impressive revenue and earnings growth as the new wells are on line."

Figure anything under $40 per bbl for production and they make big $$$
GO PBLS!!!!