Platina Energy Group, Inc. (fka PLTGQ)

[Chesapeake 2]

GOING BACK UP!

[Chesapeake 2]

HDSN BIDDING AGAINST ITSELF! LOL

[skibum2k]

Could be CHESAPEAKE.....a few other "Q" stocks are buzzing today.

[Emergcy]

Yes me! I dont know whats going on!

[Chesapeake 2]

SEEMS LIKE THE MM'S ARE BIDDING AGAINST EACH OTHER! THEY MAY KNOW SOMETHING OR TRYING TO JUMP START THIS STOCK!

[skibum2k]

Don't know CHESAPEAKE....been watching this for the last hour.

[Chesapeake 2]

PLATINA COMING OUT OF BANKRUPTCY?

[impact58]

Funding dried up when they could not get gas out of the wells after the rework,a texas company is working on the wells from what I was told a couple of years ago.

[forttwin]

Is anyone still holding this stock?

[Fingers55]

From the prevsious posts it looks like they're under Chapter 11. That's not bankruptcy (which is Chapter 7).

Is there something more current than the Chapter 11?

[impact58]

Guys,

Platina went bankrupt after the wells in KY would not produce.The money stopped coming in from the investor overseas . Blair did everything he could to keep the company going.

[SuperC]

Nice from .0018, anything left in the tank?

[vroomsie]

Starting on its way back up

[fonkybeachbum]

saw it at .006 didn't want to chase...the running Qs have been good lately

[fonkybeachbum]

saw it at .006 didn't want to chase...the running Qs have been good lately

[HOVA]

nice play!

[Estrella]

PLTGQ @ .013!

[fonkybeachbum]

nice call!

[HOVA]

wowowowowo

[Estrella]

PLTGQ @ .0085!

[forttwin]

Any idea what is going on with the stock?

[Estrella]

PLTGQ @ .007!!

[Estrella]

PLTGQ @ .0016!

[P3D3R]

Zero!
I guess this stock hit zero today.

[P3D3R]

Headed for zero!
I'm glad I got out of this stock a long time ago.

[WIDESPREAD PANIC]

Platina Energy Group Announces Reorganization

CORPUS CHRISTI, TX, Dec 03, 2008 (MARKET WIRE via COMTEX) -- Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) announces filing for reorganization. The Company believes this course of action, under the auspices of Chapter 11, will provide for the creation of a comprehensive creditor plan.
The Company plans to work with its creditors under acceptable terms to serve the highest and best purposes for all involved. Stock market deterioration along with a sharp drop in commodity pricing has created the need for such a strategic plan.

According to Blair Merriam, President of Platina, "I am convinced that we have considerable reserve assets and that a decisive plan will allow for the profitable recovery of underlying hydrocarbons in our key fields."

The Company produces hydrocarbons on several fields, but not in sufficient quantities to service its obligations. Management anticipates emerging from Chapter 11 promptly.

About Platina Energy Group

Platina Energy is a nimble E&P Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to possible/probable reserves. It also owns rights to German Inspired extraction technologies. Although there are always considerations relative to sustainability of production development and profitability, engineering reports suggest strong hydrocarbon reserves.

RISK/SEC DISCLAIMER

Information contained herein contains forward-looking statements; not guarantees of future success.

The presence/recoverability for optimal/timely reserves, costs, scheduling, etc., cannot be promised. This release contains "Safe Harbor" provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties, which may cause actual results to differ materially from those stated herein.

Platina Energy believes the forward-looking statements to be based on possible assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; limited access to financing; significant accounts payable debts; debt defaults and non-current trade payables & other risks exist.

Platina Energy assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent or current events. Issuances of shares for acquisitions, settlements, fund raising or services will cause dilution.

Oilfield leases, contain certain terms and stipulations, often developmental or financial that may require performance by the lessee that could result in loss of rights and underlying assets if unpaid.



Contact Information:
Platina Energy Group
Blair Merriam
Email Contact

www.PlatinaEnergyGroup.com


SOURCE: Platina Energy Group, Inc.



CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=4853ED17296F7470
http://www.PlatinaEnergyGroup.com

Copyright 2008 Market Wire, All rights reserved.
-0-

SUBJECT CODE: Energy and Utilities:Oil and Gas


http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pltgq

[P3D3R]

I just looked at PLTGQ's website.
The URL has changed.
There is nothing worth reading.
The eBook I down loaded on the energy crisis was not very well written, 51 pages of what.
Let's hope Blair Merriam can pull this thing out.
Right not it looks like money is tight and this may put the company out of business.
Say a prayer for them.

[happyguy72]

holy spreads, batman..... 0026/0039....

[P3D3R]

I see this company keeps taking a dump!
I'm glad I jumped off this train a long time ago.

[adat2pod]

P3D3R , pretty much doubled my money so far.

[P3D3R]

You are so right!
Oil prices are low, gas prices are low and money is tight.
If you want to buy some of this company, wait until it gets under $0.0010.
Read the last financial statement and pray a lot.

[DrHarleyboy]

a BK play with nothing to bounce off...will be tough.

[BrickTop]

Ready and waiting for monday morning!

[BrickTop]

This thing will bounce.

[TomSawyer]

P3D3R, thanks for convincing me to buy some shares at $0.002 / share.

[BrickTop]

Looking Good.

[tweetflip]

Why bad news?

Maybe just bad news for everyone that jumped ship..........

[P3D3R]

I see the symbol has been changed.
This is BAD NEWS.
I sold all my shares the other day.

[P3D3R]

Has everyone run for the hills?
If so, good choice!
I hope you have all sold your shares.
This company is headed even further south.

[P3D3R]

My experience!
The price of your common shares goes to zero.
In bankruptcy the common shareholder is the first to lose.
Sorry!

[happyguy72]

any one have any thoughts about the regional parts of PLTG getting bought out of this BK by larger regional players....??

also, any thoughts on what this would mean to the common holders??

Ive never owned shares in a Co. filing BK... only a small stake here for me, so just curious how this plays out.

happyguy.

[P3D3R]

What a kick in the *ss! BANKRUPTCY!

Platina Energy Group Inc. (PLTG) said Wednesday that the company and its units, Wildcat Energy Corp. and Appalachian Energy Corp., filed voluntary Chapter 11 bankruptcy petitions in Texas.
The company and its units will continue to operate their businesses as "debtors-in-possession" under the U.S. Bankruptcy Court for the Southern District of Texas, Corpus Christi Division, according to a filing with the Securities and Exchange Commission.
The filing didn't say what led Platina to file for bankruptcy protection.
-By Bhattiprolu Murti, Dow Jones Newswires; 202-862-1357

Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=DhiqXiPFgwaKAmv0bXc80w%3D%3D. You can use this link on the day this article is published and the following day.

[P3D3R]

A shot in the ass for the investor today.
This stock has to be dead!

[bltra]

Adios Blair........em

[P3D3R]

Just read the 10-Q for PLTG.
Wow! Expenses are out of control.
I have lost the faith.
I do not see any way this company can succeed.

[Ludacrous]

Have you gbuys had your heads in the sand? This stock is doomed. The 10-q came out. two of the four producing wells dried up, a frac job onm them was unsuccessful, revenues were 126K and they are in default with their financing company.


crash and burn, we were lied to.

[Pure Control]

It will be late to respond and then continue it's positive divergence.

[happyguy72]

I thought that last weeks pummel was a function of oil prices hitting the deck.... but oil is up nearly 10% today and pltg is still crashing....

in the dark here too....

anyone have any thoughts????

negative PR coming that we little guys don't know about??

[P3D3R]

PLTG is getting hammered like crazy!
What? Does PLTG have a cash flow problem?
I still have the faith, but I have been known to be stupid!

[Fingers55]

Platina Energy Group Reports Hydrocarbon Validation in Kentucky

Nov 20, 2008 09:05:23 (ET)


DALLAS, TX, Nov 20, 2008 (MARKET WIRE via COMTEX) -- Platina Energy Group, Inc. (PLTG, Trade ) (FRANKFURT: O5Y) reports Magnetic Resonance Detection interpretation by David Shroff, PE, further validating and quantifying oil and gas reservoirs in Kentucky. This same engineer has a substantial history including 120 prior successful well evaluations.

Additionally, the Company has retained the unique completion services of a proprietary ionized water injection system. This completion process works in tandem with the frequency generated well MRD identification tool. Readings across three wells suggested potential initial oil production of 20-480 BPD and 340-800mcf/day gas.

Blair Merriam, President, stated, "The Kentucky field has been a prolific field for Platina. The code to optimize maximum recovery has been a challenging matter and one that we now believe we have a handle on. According to last week's test and validation, we are even more excited than we have ever been about production potential from this field."

Platina's mainstay continues to be its proven reserves.

About Platina Energy Group

Platina Energy is a nimble E&P Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to possible/probable reserves. It also owns rights to German Inspired energy technologies. Although there are always considerations relative to sustainability of production development and profitability, reserve reports suggest strong hydrocarbon deposits.