Tandem Energy Holdings (fka TDYH)

[Jagman]

Stop trading as of last Friday??? Geezus!! They can't even get that right!!!!

[cunning plan]

The worlds longest merger may finally be about to be consumated.

The $4.50 basis for the .5769 shares has been whittled down to $2.71 but who's counting?

[Jagman]

Finally!! LOL!! Tandem Energy Holdings, Inc. Announces Stock Trading Halt in Anticipation of Dissolution
Friday May 23, 5:59 pm ET


MIDLAND, Texas--(BUSINESS WIRE)--Tandem Energy Holdings, Inc. (Pink Sheets: TDYH - News) today announced that it has instructed NASDAQ to halt trading in the shares of its common stock effective the close of business on May 30, 2008, in anticipation of the impending dissolution of Tandem and the distribution on or about June 12, 2008, of its assets to its shareholders. As previously reported, the sole assets of Tandem are 7,692,308 shares of common stock of Platinum Energy Resources, Inc. (Platinum) that it received in connection with the sale of its oil and gas assets to Platinum in October 2007. In the dissolution distribution of Tandem’s assets, the Board of Directors and officers of Tandem and its subsidiaries will receive .2717 shares of Platinum common stock for each share of Tandem held, and the shareholders who purchased their stock directly from Tandem or in the open market will receive .5769 shares of Platinum common stock for each share of Tandem held.
Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about the Company, Platinum and their combined business after completion of the proposed acquisition. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of the Company's and Platinum’s management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: Business conditions in the U.S. and abroad; changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which the Company is engaged; fluctuations in oil and gas prices and in customer demand; managing rapid growth; intensity of competition; general economic conditions; as well as other relevant risks detailed in Platinum's filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Neither the Company nor Platinum assumes any obligation to update the information contained in this press release.



Contact:
Tandem Energy Holdings Inc., Midland
Mickey Cunningham, 432-686-7136
[e-mail]

--------------------------------------------------------------------------------
Source: Tandem Energy Holdings, Inc.

[rrufff]

Haven't looked at this in months, but I see that this world's longest merger is still "in process."

Has anyone checked to see if there is enough cash to cover this supposed cash deal?

Thanks in advance.

[Jagman]

Info I received today via email...

"Platinum is filing a registration stmt this week to register the platinum shares issued for the tandem shareholders. Once the stmt is declared effective by the SEC, then the exchange will take place. Could be 30 days, 90.... It now depends on the SEC's timing. The 15 days was related to the dissolution of tandem energy Corp, which had to ocurr prior to filing the registration stmt."

[III]

i'll believe it when i see it

but its about time

[Jagman]

Finally???...Platinum Energy Resources, Inc. Announces Special Meeting of Stockholders to Vote on Its Proposed Acquisition of the Assets of Tandem Energy Corporation and Announces Mailing of Proxies to Stockholders of Record
Wednesday October 17, 3:32 pm ET


NEW YORK, NY--(MARKET WIRE)--Oct 17, 2007 -- Platinum Energy Resources, Inc. ("Platinum Energy") (OTC BB:PGRIU.OB - News) (OTC BB:PGRI.OB - News) (OTC BB:PGRIW.OB - News), announced that it will hold a special meeting of its stockholders to vote on, among other things, its proposed acquisition of the assets of Tandem Energy Corporation, a Colorado company. The special meeting will be held on October 26, 2007, at 10:00 a.m., Eastern Daylight Time, at the offices of Sills Cummis & Gross P.C., One Rockefeller Plaza, New York, NY. The record date for stockholders entitled to vote at the special meeting was fixed as the close of business on October 11, 2007.
Platinum Energy filed with the SEC on October 17, 2007, a definitive proxy statement relating to the special meeting. The definitive proxy statement will be mailed to stockholders of record promptly.

The Board of Directors of Platinum Energy unanimously recommends that stockholders vote "for" each of the proposals in the proxy statement related to the proposed asset acquisition. Additional information about the proposed asset acquisition and each of the other proposals can be found in the definitive proxy statement.

Platinum Energy stockholders with questions about the proposed asset acquisition or any of the other proposals or who need assistance in voting their shares may call the Company's proxy solicitor, Morrow & Co., Inc., toll-free at [phone].

About Platinum Energy

Platinum Energy, based in Montvale, New Jersey, is a special purpose acquisition corporation seeking to acquire assets or operating businesses in the global oil and gas exploration and production industry. Platinum Energy will seek to build a portfolio of assets using multiple acquisitions subsequent to its first. Platinum Energy's strategy calls for the use of hedge financing to maximize profit and reduce risk resulting from volatile energy markets.

Platinum Energy was incorporated in April 2005 to acquire an operating business in the energy industry. Platinum Energy completed its initial public offering on October 24, 2005, receiving net proceeds of approximately $106 million through the sale of 14.4 million units of its securities at $8.00 per unit. Each unit is comprised of one share of Platinum Energy common stock and one redeemable and convertible common stock purchase warrant with an exercise price of $6.00. On October 17, 2007, Platinum Energy filed a definitive proxy statement, proposing the acquisition of the assets of Tandem Energy Corporation, to be voted on by shareholders at a special meeting of stockholders scheduled for October 26, 2007. Platinum Energy currently holds over $112 million in a trust account maintained by an independent trustee, which will be released to Platinum upon the closing of the proposed business combination.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Forward-looking statements also include the assumptions underlying or relating to any of the foregoing statements. Such forward-looking statements are based upon current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements contained in this press release may include statements about future financial and operating results and about the proposed acquisition by Platinum Energy of the assets of Tandem Energy Corporation. These statements are not guarantees of future performance, involve certain risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. For example, if Platinum Energy does not receive required stockholder approval or fails to satisfy other conditions to closing, the transaction will not be consummated. In any forward-looking statement in which Platinum Energy or Tandem Energy Corporation expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished. All forward-looking statements included in this press release are based on information available to Platinum Energy and Tandem Energy Corporation on the date hereof. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: business conditions in the U.S. and abroad; changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which Tandem Energy Corporation is engaged; fluctuations in oil and gas prices and in customer demand; management of rapid growth; intensity of competition; general economic conditions; as well as other relevant risks detailed in Platinum Energy's filings with the Securities and Exchange Commission. Neither Platinum Energy nor Tandem Energy Corporation assumes any obligation to update the information contained in this press release.

Additional Information and Where to Find It

INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT REGARDING THE PROPOSED ASSET ACQUISITION BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE TRANSACTION.

Investors and security holders may obtain a free copy of the proxy statement and other documents filed by Platinum Energy with the Securities and Exchange Commission at the Securities and Exchange Commission's web site at http://www.sec.gov. Free copies of the proxy statement and other documents may also be obtained free of charge from Platinum Energy's investor relations at [e-mail] or by directing a request to Platinum Energy Resources, Inc., 25 Phillips Parkway, Montvale, NJ 07645.

Platinum Energy and its directors, officers and other employees may be deemed to be participants in the solicitation of proxies from the stockholders of Platinum Energy with respect to the transactions contemplated by the asset acquisition agreement. Information regarding Platinum Energy's officers and directors is available in Platinum Energy's definitive proxy statement filed with the Securities and Exchange Commission on October 17, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in other relevant materials to be filed with the Securities and Exchange Commission when they become available. We have also retained the proxy soliciting firm of Morrow & Co., Inc. to solicit proxies on our behalf.



Contact:
For More Information Contact:
Thomas Rozycki
CJP Communications for
Platinum Energy Resources, Inc.
Public & Investor Relations
212-279-3115 x208
[e-mail]



--------------------------------------------------------------------------------
Source: Platinum Energy

[Mr. Zen]

I have no clue, I thought they were close to signing the deal but they have been for a while now.

[Jagman]

PGRI...34,600 share block went through, but don't know if it was a buy or sell... Usually a very low volume stock...any hints on TDYH???? News is DUE!!!!

[III]

WTF!!!

[cunning plan]

Well this merger ever take place or will it just continue like now?

[rrufff]

Ah - so that explains the current price. Are the shares of Platinum restricted?

I would imagine that anyone who didn't sell back when they hyped the merger would be upset at this point.

[Jagman]

"The Management of Tandem Energy does not want a profile on Investors hub"

TDYH always was a real company and the goal was always to find a buyer after putting together some assets. They were not looking for the pump and dump to which 99 out of a 100 (or more) Pinkie message boards are devoted. That said, I never heard of a buy out taking so long and I think they put it in the hands of people that didn't know how to get it done with the SEC. If I remember right...it's now a share exchange situation with TDYH shareholders getting shares of Platinum rather than cash.

[rrufff]

Does anyone have a link to the actual acquisition agreement so we can see the terms in black and white?

[III]

i was thinking the same thing when i posted this yesterday

http://investorshub.advfn.com/boards/read_msg.asp?message_id=21483229

would of posted it hear but didnt know anyone was still reading

i guess im in a different boat than most...i bought at the current sp last month hoping to have a quick turnaround with a good percentage. I guess i should have looked more closely at the delays the rest of you had already endured. o well, so is anyone still waiting on the deal to go through?

III

[rrufff]

What's the deal now? Obviously, by the price, very few believe that they would get the higher price.

Anyone out there who has spoken to management?

Thanks again.

PS - noticed this in the Ibox = very unusual

The Management of Tandem Energy does not want a profile on Investors hub

[cunning plan]

I had a sell order in at 4.25 then too. Missed it by a few pennies. In the mean time, delay after delay after delay (ad infinitum).

[Uriah Heep]

http://biz.yahoo.com/bw/070723/20070723006291.html?.v=1

[rrufff]

I know BD - I lucked out on it 4.20's. Did retail investors get paid? From the current price, obviously nobody is buying it for the higher price.

[beigledog]

Our sell looks really good now rruff!! I sold almost a year and a half ago over $4!

[Jagman]

OT: roadk..thanks...I really appreciate that.. BTW, so far you are the only one that remembers!! Or was gracious enough to say so!!! LOL!! Just keep in mind when you run across another message board like the AMEP board has been....keep your money in your pocket or just do a short term play. All the crap company boards are pretty much identical to the AMEP board with the same characters, post deletions, etc... The posts that are showing up now of people that are losing money....it's their own fault...all the red flags were there along with posters that constantly pointed them out. No sympathy from me....greed did them in. Thanks for the post on the AMEP board too...
GLTY!!!

[roadk]

OT: Jagman Nice call on AMEP. Kudos to you bud.

[Jagman]

Have they set a Guinness record yet for the time required to buy out another company??? I hope TDYH has some oil left in the ground by the time its done.....

[Uriah Heep]

Revised prelim proxy filed today...at least they are still trying to get this done...

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5312840

[III]

man does anyone have any idea whats happening here???????????????????????????????????????????????

[rrufff]

Noticed that this was still trading. Sold end of March at 4.24.

What has happened since? I thought this was a cash buyout. Is that gone?

From my memory, insiders were getting 2.15 and retail shareholders were getting 4.50.

thanks in advance.

[Uriah Heep]

These guys need a hard kick in the azz. Oil at $74 should make this deal look great.

[Jagman]

Are these idiots just letting this deal die???? There won't be any oil left by the time they get it done!!! LOL!!!

[Uriah Heep]

Tandem Energy Holdings, Inc. Grants Extension to Close Deal With Platinum Energy Resources, Inc.



Last Update: 5:40 PM ET Jun 6, 2007


MIDLAND, Texas, Jun 06, 2007 (BUSINESS WIRE) -- Tandem Energy Holdings, Inc. (Pink Sheets:TDYH) ("Tandem") today announced that the Asset Acquisition Agreement and Plan of Reorganization between its wholly owned subsidiary, Tandem Energy Corporation ("TEC"), and Platinum Energy Resources, Inc. ("Platinum") has been modified to extend the date by which the close of the acquisition of Tandem's assets must occur to June 30, 2007. Additionally, Platinum has filed an amended Proxy Statement with the Securities and Exchange Commission (SEC) to respond to the latest SEC comment letter.
Tandem Energy Holdings, Inc. is an oil and gas exploration and development company based in Midland, Texas. The Company's activities are focused on low-risk properties in Texas and New Mexico.

[Uriah Heep]

LOL ... this deal has been a real mess. Nonetheless, I think it will go through soon. The last prelim proxy, IMHO, had only a few minor changes, so hopefully the SEC will bless it. Only for gambling money though!

[Jagman]

I hope they don't run out of oil before they get it done....

[Uriah Heep]

Filing yesterday says they've extended the deadline to 30 June.

http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4977136&doc=1&total=&back=2&...

[Uriah Heep]

Revised slide show attached to today's PGRI SEC filing:

http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=4975291&doc=1&total=&back=2&...

[energymanNJ]

Posted by: energymanNJ/Date:5/28/2007 5:10:25 PM
Post #of 86899

Platinum Energy Resources, Inc..Taken over....Tandem Energy Corporation(TDYH)
This is the week this thing finally happens...IMO < And then Some!

You are next, Allenergy Inc. If I get my way...lol
Jim Troxel >>> knows all about ya's....lol....I saw to that !!
He grew up right next door.

http://www.platenergy.com/management.htm


PLATINUM ENERGY RESOURCES, INC ( Tickers : PGRI and PGRIU )
Delaware - State or other jurisdiction of incorporation) 000-51553
(Commission File Number) 14-1928384

25 Phillips Parkway
Montvale, New Jersey 07645

Registrant’s telephone number, including area code: (xxx) xxx-xxxx

http://www.secinfo.com/d12TC3.ugr2.htm

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.


*On October 4, 2006, Platinum Energy Resources, Inc., a Delaware corporation (“Platinum Energy”), its wholly-owned subsidiary, PER Acquisition Corp., a Delaware corporation (“Acquisition Sub”) and Tandem Energy Corporation, a Colorado corporation, <(still listed Nevada),

https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=4xtBGg0pMpOhldx3y7IYcw%253d%253d

...entered into an Asset Acquisition Agreement and Plan of Reorganization (the “Acquisition Agreement”) pursuant to which Platinum Energy will acquire all of the assets and assume substantially all of the liabilities of TEC, including approximately $42 million of TEC's debt, in exchange for the issuance of approximately 8 million shares of Platinum Energy common stock

On March 29, 2007, the Acquisition Agreement was amended to extend the termination date of the Acquisition Agreement to May 31, 2007. A copy of Amendment No. 3 to the Asset Acquisition Agreement and Plan of Reorganization (the “Amendment”) is filed herewith as Exhibit 2.1 and incorporated herein by reference.


Additional Information and Where to Find It


Platinum shareholders are urged to read the proxy statement regarding the proposed transaction and the amendments thereto as they become available because they contain important information. Copies of filings by Platinum, which will contain information about Platinum and TEC, will be available without charge, when filed, at the Securities and Exchange Commission’s internet site (http://www.sec.gov), and, when filed, will be available from Platinum, without charge, by directing a request to Platinum Energy Resources, Inc. 25 Phillips Parkway, Montvale, New Jersey 07645.


*The respective directors and executive officers of Platinum and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed merger. Information regarding Platinum’s directors and executive officers is available in the revised Preliminary Proxy Statement filed with the Securities and Exchange Commission on April 4, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in other relevant materials to be filed with the Securities and Exchange Commission when they become available.

[Mr. Zen]

SUMMARY OF THE PROXY STATEMENT

This summary highlights selected information from this proxy statement and does not contain all of the information that is important to you. To better understand the asset acquisition, you should read this entire document carefully, including the asset acquisition agreement attached as Annex A to this proxy statement. We encourage you to read the asset acquisition agreement carefully. It is the legal document that governs the asset acquisition and the other transactions contemplated by the asset acquisition agreement. It is also described in detail elsewhere in this proxy statement.

The Parties to the Asset Acquisition Agreement and Plan of Reorganization

Platinum

Platinum is a blank check company organized as a corporation under the laws of the State of Delaware on April 25, 2005. It was formed with the purpose of effecting one or more business combinations with unidentified operating businesses in the global oil and gas exploration and production (“E&P”) industry. On October 28, 2005, Platinum consummated an initial public offering (the “IPO”) of its equity securities from which it derived net proceeds of $106,472,000. The Platinum common stock, warrants to purchase common stock and units (each unit consisting of one share of common stock and one warrant to purchase one share of common stock) are quoted on the Over-the-Counter Bulletin Board (“OTCBB”) under the symbols PGRI for the common stock, PGRIW for the warrants and PGRIU for the units. Of the net proceeds of the IPO, $105,408,000 were placed in a trust account. Such funds, which are being held in an interest -bearing account and will continue to bear interest through the closing, will be released to Platinum upon consummation of the asset acquisition, and used to (i) retire approximately $42 million in indebtedness of TEC assumed in connection with the asset acquisition, (ii) make payments to Platinum stockholders who exercise conversion rights and (iii) pay the finder’s fee of $3.0 million payable to Mr. Lance Duncan upon consummation of the asset acquisition as well as other transaction-related expenses. Platinum intends that the remaining funds will be used for, among other things, future acquisitions, working capital, capital expenditures associated with TEC’s assets and repurchases of shares of Platinum common stock under the contemplated Platinum share repurchase program.

The balance of the net proceeds of the IPO, not held in trust, or $1,064,000, has been used by Platinum to pay the expenses incurred in its pursuit of a business combination. As of March 31, 2007, Platinum had used all funds available from net proceeds that were not initially deposited in the trust fund.

Other than its IPO and the pursuit of a business combination, Platinum has not engaged in any business to date. If Platinum does not consummate the business combination contemplated by the Asset Acquisition Agreement and Plan of Reorganization among Platinum, PER Acquisition Corp. and TEC by October 28, 2007, then, pursuant to its certificate of incorporation, Platinum’s officers must take all actions necessary to dissolve and liquidate Platinum as soon as reasonably practicable.

The mailing address of Platinum’s principal executive office is Platinum Energy Resources, Inc., 25 Phillips Parkway, Montvale, New Jersey 07645, and its telephone number is [phone].

PER Acquisition Corp.

PER Acquisition Corp. was organized as a corporation under the laws of the State of Delaware on January 25, 2006. It was formed to effect a business transaction and is a wholly-owned subsidiary of Platinum. We sometimes refer to PER Acquisition Corp. as the “Acquisition Sub.” The mailing address and telephone number of PER Acquisition Corp. is the same as that of Platinum.

TEC

Tandem Energy Corporation (“TEC”) is an independent oil and gas exploration and production company headquartered in Midland, Texas and a wholly-owned subsidiary of Tandem Energy Holdings, Inc., a Nevada Corporation (“Tandem”). TEC has approximately 21,000 acres under lease in relatively long-lived fields with well-established production histories. TEC’s properties are concentrated primarily in the Gulf Coast region in Texas, the Permian Basin in Texas and New Mexico, and the Fort Worth Basin in Texas.

[mike9798]

Doubloon,
Thanks for your dd on this one!
Looking at the pre14a, tandem's 06 revenues and net income of 17.8 million and 6.3 million seem below their estimates in their previous press releases.
Do you know what is management's explanation for this shortfall?

I like the idea a lot.

[Mr. Zen]

Jagman, has to be, I spoke with the lawyer for Tandem last week and he said nobody expected it to take this long, I called him to confirm it was the SEC that was taking so long and he said yes.... our government at work... gotta love it,
did you know that every time they transfer an sec agent or put a new agent on an sec committee they have to start the review process all over again.... I am so tired of holding this thing, it may be the first one that I have ever had that will go in the long term tax category on my tax form

[Jagman]

Is this a record for the longest time for a buyout to take place?????

[Jagman]

AVXN 1.... I think we are getting shares of PGRI now instead of cash for our shares.....which could be very good, IMO....
Not much investor interest in PGRI right now, but the pps is stable and on a slight trend up.... They have been very quiet on their biz due to the buy out, IMO..... Once the deal is settled....watch out!!!!

[AVXN 1]

I agree, Tandem should be about $5.00 P/S (my guess) with what they had going. But a $4.50 return on a $ 2.30 ( my average) investment is not bad. Little surprised to see someone selling now at this price, any thoughts? GLTA

[Mr. Zen]

Platinum is going to be the one to watch here, They have $7.35 cash per share and once they buy Tandem it will be debt free and they will be able to leverage the assets into other deals.... totally disillusioned with Tandem, I could have run that company better than they did.

[Jagman]

Platinum must be really chomping at the bit....no PR's except for the merger stuff.. At least their share price is holding up well. They get that TYDH deal done and they can start with some good PR's, IMO..... Well, I've been really patient...I think Job would have sold by now.......

[Mr. Zen]

would love to hear something soon, this company had everything going for it except how to be public, I wonder what the monthly sales of oil is up to now. Platinum must be getting a deal and a half at the buyout price.

[Jagman]

Some bought a bunch of PGRIW today....maybe we are close to a final announcement.... Anyone hear anything?????

[Jagman]

It's obvious both sides want this to happen... I think it's just a problem with the SEC needing all the details submitted properly and the companies failing to hire the knowledgeable people to get it done... We may be close unless the SEC has some serious concerns that can't be satisfied....but my gut feel is that is not the case...

It will be very interesting on how Platinum Energy trades after the deal is done... Right now the daily volume is almost nonexistant, but the pps is steady and actually on a slight uptrend... CMF doesn't look good...yet...but the Bollies are tightening!!!

[AVXN 1]

Well if it goes through great !, if not it appears like this stock is undervalued at the current PS, and will we will be in good shape no matter how it comes out, any input regardinf MO is welcome. GLTA

[Mr. Zen]

Tandem Energy Holdings, Inc. Grants Extension to Close Deal with Platinum Energy Resources, Inc.
Feb 15, 2007 3:27:00 PM
Copyright Business Wire 2007
MIDLAND, Texas--(BUSINESS WIRE)--

Tandem Energy Holdings, Inc. ("Tandem") (Pink Sheets:TDYH), today announced that the Asset Acquisition Agreement and Plan of Reorganization between it wholly-owned subsidiary, Tandem Energy Corporation ("TEC"), and Platinum Energy Resources, Inc. ("Platinum") has been modified to extend the date by which the close of the acquisition must occur to March 31, 2007. Concurrently, Platinum has filed an amended Proxy Statement with the Securities and Exchange Commission (SEC) to reflect the extension and to address comments raised by the SEC in its last comment letter.

According to Tim Culp, Tandem's President and Chief Executive Officer, "Both parties are committed to closing the acquisition of Tandems' assets, as long as the process we began early last year continues to move forward toward regulatory approval."

Tandem Energy Holdings, Inc. is an oil and gas exploration and development company based in Midland, Texas. The Company's activities are focused on low-risk properties in Texas and New Mexico.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about Platinum, the Company and their combined business after completion of the proposed merger. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of Platinum's and the Company's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: Business conditions in the U.S. and abroad; changing interpretations of generally accepted accounting principles; outcomes of government reviews; inquiries and investigations and related litigation; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which the Company is engaged; fluctuations in oil and gas prices and in customer demand; managing rapid growth; intensity of competition; general economic conditions; as well as other relevant risks detailed in Platinum's filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Neither Platinum nor the Company assumes any obligation to update the information contained in this press release.

Source: Tandem Energy Holdings Inc.



----------------------------------------------
Tandem Energy Holdings Inc.
Midland
Mickey Cunningham
432-686-7136
[e-mail]

[Mr. Zen]

lets hope so, when this stock was at $4.00 they were drilling 3 new wells per month, sales of oil was hedged at $60 per barrel and they were bringing in $363k monthly revenue.

the increase in production must be way higher now

[Jagman]

I think the SEC replies within 10 days on a "Pre"...if OK, then the final DEF 14A is released... I would think they have it right by now and the SEC will give the OK!!!! But, who knows....

[Mr. Zen]

yes it was listed as a pre 14a... well isn't that precious... months??? any more good news here and I won't be able to stand it... and we have no clue as to what the monthly production figures are now..