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kelly leak

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kelly leak

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Sunday, 01/08/2006 5:06:58 AM

Sunday, January 08, 2006 5:06:58 AM

Post# of 79921
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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.
http://biz.yahoo.com/bw/051110/20051110005381.html?.v=1

The Company indicated that this new oil lease is located in the State of Wyoming and consists of 880 acres. Estimated reserves on this lease are approximately 5 million barrels of oil. This lease was acquired for a cash payment. No stock either common or preferred was used to acquire this lease.
http://biz.yahoo.com/iw/051103/0100127.html

Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) announced today that the company's Mid-South/Rome Oil & Gas Division has secured a new oil lease in Wyoming consisting of over 2080 acres. Recent geologic surveys suggest that the estimated reserves of this lease will increase the company's existing oil reserves in the state by over 162%, from 5 million barrels to approximately 13.1 million barrels.
http://biz.yahoo.com/bw/051110/20051110005381.html?.v=1

Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) announced today that the company's Mid-South/Rome Oil & Gas Division has acquired a new Oil & Gas lease property located in White Pines County Nevada in an all-cash transaction. The lease, consisting of over 7871 acres, represents the company's third lease acquisition outside of its existing properties located in Kentucky and Wyoming.
http://biz.yahoo.com/bw/051207/20051207005393.html?.v=1

Phoenix Associates Land Syndicate (Pink Sheets:PBLS - News) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000.

ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing solutions to Energy producers and consumers, with services including Energy supply management, Natural gas and crude oil marketing, Physical energy transportation (trucks, barges, pipelines), Physical and financial risk management, Administrative and regulatory consulting and a rapidly growing facilities financing division.

CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering."
http://biz.yahoo.com/bw/051216/20051216005519.html?.v=1

Paul Alonzo, President and CEO of Phoenix, stated, "We are very pleased with the rapid progress our company is making in the oil and gas sector, while our sand & gravel and construction business operations continue to grow stronger by the day."

Paul Alonzo, CEO of Phoenix, stated, "The acquisition of this new lease significantly increases our potential production capacity in the area and marks a continuation of our strategy to acquire lease assets with low-risk and high production profiles." He continued, "We continue to evaluate some very exciting lease opportunities on a daily basis, in keeping with the company's growth-at-a-reasonable-price philosophy, in order to further deepen our footprint in domestic fossil fuel production."

Paul Alonzo, CEO of Phoenix stated, "This acquisition embodies a strategic cornerstone in our ongoing efforts to attain critical mass in our energy operations and establish a sizable domestic footprint. The acquisition will not only add substantial free cash flows but also significant margin enhancement by acting as internal marketing agent for our existing Oil & Gas production operations." He continued, "I am particularly excited by the rapid growth of ProGas' facilities finance division. This business will give Phoenix a unique opportunity to help qualified producers grow their production and reserve base by taking a risk-mitigated ownership position in the physical asset of these businesses. The financing structure frees producers to focus their capital resources on core oil and gas producing activities while providing Phoenix with partial ownership, pre-agreed lease payouts and revenues over a designated time period."

Key words ..cash..restricted shares..grow..growth..acquisition..acquisition targets..revenues..reserves..cash flows..assets..earnings

Oh..and this isn't hurting our success in the oil side of the business either..
http://futures.tradingcharts.com/chart/CO/W
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