Phoenix Closes on Two Oil & Gas Companies
COVINGTON, LA, Oct 18, 2005 (MARKET WIRE via COMTEX) -- Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction-related industries, announced today that it has completed the purchase, for cash and stock, of the Kentucky-based corporations -- Mid-South Resources, Inc., and Rome Oil and Gas Company.
Through this acquisition, Phoenix acquired interests in leases, equipment and oil production. This is the "flagship" acquisition for Phoenix's new Oil and Gas Division. Mr. John Barksdale, the seller of those companies, will run this division for Phoenix. Mr. Barksdale has over thirty (30) years of oil and gas experience and has drilling experience all over the United States.
Phoenix continues its efforts to add income and assets to further enhance shareholder value.
For More Information Contact:
Ron Blackburn
Phoenix
(985) 845-4627
Contact via marketwire.com
Mike Mulshine
Osprey Partners
(732) 233-3853
Contact via marketwire.com
SOURCE: Phoenix Associates Land Syndicate
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