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Golden Z, do you still have your website?
If so how do I join?
It will be late to respond and then continue it's positive divergence.
Dallas, Texas - Thursday, November 6, 2008 - 9AM (EST)
Platina Energy Group, Inc. ( <http://finance.yahoo.com/q?s=pltg.ob>
Symbol OTCBB: PLTG) <javascript:void(0);/*1225982296303*/>
( <http://uk.finance.yahoo.com/q?s=O5Y.F>
Symbol Frankfurt: O5Y.F) <javascript:void(0);/*1225982331381*/>
reports 200 barrels of high-grade oil in two weeks from Young
County. The Company has repaired the electrical and mechanical field
problems over the past few weeks and now has seven operational wells
that have out performed initial estimates.
Blair Merriam, President of Platina stated, “We had hoped to have
7-10 barrels per day of production from this field and within the
first two weeks of reconnections we already have 200 barrels. That’s
almost double what we had estimated. Now that we are back on track
with the field, we hope to drill additional wells as finances
allow.”
Field progress in Young County is now operating commensurately with
Tennessee and Kentucky along with Oklahoma and Wyoming. Production
continues to out pace the decline in oil and gas prices though recent
market activity is reflecting seasonal demands due to cold weather.
Platina Energy Group Reports Attractive Extraction Costs
Dallas, Texas - Thursday, October 30, 2008 - 9:00 AM EST
Platina Energy Group, Inc. (Symbol OTCBB: PLTG
<http://finance.yahoo.com/q?s=pltg.ob>
) (Symbol Frankfurt: O5Y.F <http://uk.finance.yahoo.com/q?s=O5Y.F>
) reports operational cost projections for hydrocarbon extraction in
Tennessee and Kentucky far below domestic averages. Despite the recent
energy price reductions, the cost of production as a percentage of
sales will likely remain low across the Appalachian area fields.) ) (
According to Blair Merriam, “Despite economic slow downs, we have
drilled additional wells that are now being added to the gathering
lines and tank batteries. The additional production should help to
offset lower prices and the extraction benefits from these types of
formations are now more significant. Low water cut, shallow depth,
high grade product and modest pumping costs allow fields that we
operate to offer profit potential even at significantly lower
pricing.”
The flagship of Platina’s value continues to be its vast proved
reserves. Despite financial challenges related to the general economic
climate, there is considerable value from a recurring revenue
perspective for the development of the targeted fields.
As I said...........
Platina Energy Group Reports Excellent Logging Records in Wyoming
Dallas, Texas – Monday, October 20, 2008, 9:05pm Eastern Standard
Time (GMT-5)
Platina Energy Group, Inc. (Symbol OTCBB: PLTG
<http://finance.yahoo.com/q?s=pltg.ob>
) (Symbol Frankfurt: O5Y.F <http://uk.finance.yahoo.com/q?s=O5Y.F>
) reports drilling results in Wyoming indicating excellent
hydrocarbon log records. Field data has confirmed that there is
significant oil and possible gas from the recently drilled well.)
According to Blair Merriam, President, “the Wyoming Field has a lot
of hydrocarbon potential. Although we have an older producing well
that has been online for some time, there are other surrounding wells
with good history that we are doing our best to offset in hopes of
completing a big one. Obviously it is too early to tell, but we remain
excited about the potential of this well.”
Prior developments on this field indicate significant reservoirs of
oil. There are initial field challenges relative to the completion of
this well but several experts have confirmed that this new well should
be a good one but will require additional completion efforts.
We will see where we are at when the market closes, so far broke 31ma, Full sto and RSI 14 broke mid point, and broke all previous volume.
If it closes above then it will start rolling again. As for news, if you did not know stock do the moving before the news.
After that we can start seeing MAs crossing one another
Platina Energy Group Announces Progress in Oklahoma
Tuesday October 14, 9:45 am ET
DALLAS, TX--(MARKET WIRE)--Oct 14, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News) (Frankfurt:O5Y.F - News) reports new oil well acquisitions in Oklahoma. Through Platina's local operating subsidiary, the new oil well acquisitions have lead to the discovery of new oil reserves previously unidentified, behind the pipe. According to local field experts, there are considerable hydrocarbons in several of the acquired wells and the advent of new technology has been the conduit for this discovery. This potential hydrocarbon discovery could lead to significant additional production.
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"Oklahoma has previously been a small producer for Platina because of a challenging geological formation. We believe that we have recently cracked the code and will see significant results from new technology related efforts. With any luck, we will be reporting that progress over the next few weeks and will be looking forward to significantly increased production on this field," stated Blair Merriam, President of Platina Energy Group.
About Platina Energy Group
Platina Energy is an environmentally responsible, fast growing E&P strategic reserve Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to other possible reserves. The Company also owns rights to German inspired oil extraction technology. The Company continues to be aggressive in developing and acquiring new and existing producing fields.
Platina Energy Group Reports More Income in July Than All of Prior Quarter
DALLAS, TX -- (Marketwire) -- 09/26/08 -- Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) reports oil and gas revenues from the Kentucky field for July that exceeded all of the Company production income from the prior quarter.
Blair Merriam, President of Platina stated, "Despite the fact that gas prices dropped by over 1/3, we managed to accrue oil and gas income in July that we have now collected that exceeded our entire production revenues for the previous quarter. Albeit that Platina reports income on an accrual basis, a production check in hand for this amount is significant," stated Blair Merriam, President of Platina.
In a time where uncertainties in the economy have placed downward pressure on the general stock market, Platina has now created consistent wellhead production that it believes will position the Company for new investor interest both from a "proved" reserve perspective as well as from an oil and gas production potential.
If the traders here were smart they would be buying the bottoms and selling the tops, While the investors could be adding during the bottoms even doing some easy trading themselves.
Really though I still have all my money in there at ~.08, This stock could go to zero for all I care, I'm staying here no matter what.
I'm here for the real money that will come in a couple of years when they switch to NYSE.
When Obama is elected native oil is going to be huge along with the industry greening up. Everyone will be asked to do their part.
The other side is that once Obama is elected they are going to jack those oil prices up so high people will bleed, then congress will fight with them yada yada, oil comes down a bit but will still continue it's march up.
What is with you guys??? Look if you are investing then you need not even watch the stock until next spring/summer.
And if you are trading it, then you are doing a very shitty job if you are not happy that you can grab cheapies.
Sell resistance buy support, got it???
Other wise this is the begining of finally entering production, then we can expand further, pay off debt, then finally move to NYSE.
I am in this for at least 3 years.
You guys have got to learn the difference between a trade and an investment.
I'm not sure if you are getting this, you are posting on a public board, you are not mailing, email, or phoning the company.
So how the hell does your whinning on this board help with that..........
If you want to be taken seriously you need to do just that, hold the managment responsible, not some who knows who posting info on a pump and dump website LOL
Finally if it is such a huge move, then sell and "move on"
For me I know that at some point the stock will skyrocket, honestly if you guys put more than 1k in this stock you don't know what you are doing.
THE END!
So you think that doing something is posting complaints on some stupid board? Seems to be working great........
Anyways, the point I am making is that chart is what it is, the businesses situation is what it is.
Everything has been hearsay for some 6 months for crying out loud.
This is why you don't fallow BS that people spout, when I put my money in it was not a flip, was not an investment, I know it was an outright gamble.
I could have sold and made some nice profit, but like I said I was not looking for a flip, I am gambling for a long shot, and that is all this company is, was, and will be.
I don't feel sorry for any of you, and you do your selves a great disservice constantly posting stupid wasteful coments on here.
It will go when it goes, other wise contact the suposed CEO, ect.
Anyone posting anything what so ever other than real information is nothing but a wasteful moron.
Just the facts, and go home!!
Listen, it goes when it goes. All the whinning and BS is doing nothing but making everyone look stupid. Do you guys really have that much money in there?
If you don't like it then just sell and leave.
You guys have had plenty of chances to get out if you really wanted to.
I really don't care, when it goes it goes, and as of right now the chart looks like it is getting ready to do something again.
But honestly if you are thinking of this stock hitting up to pennies, then you had best come back next year. That is the truth
I have been saying this for a long time, listen this is just plain smart business. I sure as shit do not want to see this stock go .30+ and then have those two loans converted and then just totally kill our stock righ from under us.
They need all their loans paid off, I am not worried anyway, I am keeping my money there for some time. Just wait for when they make the switch to the NYSE. No longer can the MMs play their illegal bullshit that they get away with, nope not there, that shit simply is not going to fly.
I might sale when it goes to $6.00+
It is just simply a waiting game here, time is on our side believe it or not. A lot of people are putting a shit load of money into this stock, myself included, for a very good reason.
I really don't care when it happens, all I care about is having all my money in there when it does!!!
Don't know what to tell you, need money to grow a business end of story.
I sold @ ~.17 and got back in @ .09 The third time they will let it breakout.
The stock is pulling up nicely.
They can't let it run until they get everyone paid off.
Anything else?
DALLAS, TX, Jun 19, 2008 (MARKET WIRE via COMTEX) -- Platina Energy Group, Inc.
(OTCBB: PLTG), (FRANKFURT: O5Y) reports as of the close of business on Thursday,
June 19, 2008, more gas wells have been connected to the pipeline for purchase
by a major supplier.
Blair Merriam, President of Platina stated, "Combined production should range in
the 750-1000 mcf/day. At current gas pricing, annualized revenue run-rate should
rise to exceed $4,000,000+ from the new connections by the end of June. We are
only part way done with our present developmental program in Kentucky, but
expect to enjoy cash flows beginning in July and a healthy revenue stream from
these wells for years to come."
According to Joel Patton, field management for Platina, "We've been working at
top speed to get these wells on line in Kentucky as in addition to our Tennessee
field. We're very excited about the revenues that these wells will deliver as
both areas have long histories of consistent production."
Yep it just broke the resistance of the upward triangle. Next resistance will be the 200MA. It will break it this turn or next. It's odds are really good though, this stock will finally start paying off for the investors and then we can really get something going.
The thing is that you are either flipper or long term investor.
The company is still in it's baby/growing stages. I would agree with you that it is dilution if they were shitting the money away, but they aren't doing that.
They are using the money to aquire more properties and ect, that is a good thing, and that is why we are here getting in early.
If you take a look it is to their benefit to keep the price below .40 until they get everyone paid off.
Otherwise that would just hurt the company, as they are allowed to cash in the debt for shares @.17.
So it is iether A) they are getting everything in a row, keeping everything quite as they expect a huge burst or B) they F'ed up and are looking for money and will skip town.
The IBox has all the info and I email them, they respond right away. Not sure about now as I am sure they are getting a lot of emails, most bad.
Did you check the IBox, all the info is right there.
What was your buy point?
If you are a flipper, you should be flipping.
If you are an investor you should have either A)Bought back in at bottom or B) don't worry about it and wait for year end.
You guys need to relax, everyone else is simply being patient waiting for things to get going. Looks at it's past record, when these things fall into place it is going to move huge.
But until then we have other things to keep us bussy.
Time to lynch their CEO, what a bunch of BS.
Just to make it perfectly clear to anyone out there especially those investing in a stock that is effected buy oil prices....
Oil is cleared to go to $200, you don't clear something to go to a certain price and not use that ability.
Last time it was cleared to $100, morons said no no no that will never happen.
They have those hearings for a reason, it is the oil companies telling them what to expect, they aren't asking for anything.
You need to do some research.
Look the stock is going to do what it does reguardless of what posters say.
So let's do this, leave it to actual technicals etc.
Anything else is pathetic and a waste of time, why do people insist on posting mindless dribble?
What is with all these people wasting their lives on these boards, do something with your life instead of posting thoughts and feelings LOL And that goes for all the morons that constantly post BS in Ihub.
If it is not actual news then don't post cause no one wants to read BS and all you guys are doing is cluttering.
No facts = you are a waste when posting
End
Then why were you talking about buying back in and why are you here at all?
It is pathetic when people attempt to manipulate buyers
Looks like second run
Platina Energy Group Reports Technology Acquisition Description
Thursday April 17, 3:00 am ET
CHEYENNE, WY--(MARKET WIRE)--Apr 17, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News) (Frankfurt:O5Y.F - News) recently acquired "down hole" oil field technology as part of a licensing agreement from the University of Texas. The patented technology solves a common problem in the oil and gas industry with certain types of wells whereby the ability to produce natural gas at the same time as oil, had previously been limited.
ADVERTISEMENT
According to experts in the field, when a specific well has oil reserves above a gas production zone, the gas pressure is often not sufficient to allow for simultaneous retrieval and essentially blocked by the oil. This technology uses a combination jet and submersible pump above the oil levels in the earth's crust and thereby allows it to pass without resistance.
The President, Blair Merriam commented, "This technology simultaneously brings up both oil and gas, which means you capture the gas instead of venting it off. Not only is this economically advantageous, it is also environmentally responsible. In addition to potential applications for the Company, we intend to offer sublicensing agreements to other Companies who can benefit from this technology."
Doing extremly well, looks like this is the peak coming up.
I will look for strong support to buy back in, this stock is just amazing
So we will find out if this is the real deal of fake out when we see what it does tomarrow. Can it break the .15 / 100 day?
You can see that is recoiled off it sharply, so tomarrow will be a great day for long or short LOL
Entry into a Material Definitive Agreement, Completion of Acquisition o
Item 1.01. Entry into a Material Definitive Agreement.
The information included in Item 2.01 of this Current Report on Form 8-K is also incorporated by reference into this Item 1.01 of this Current Report on Form 8-K.
Item 2.01. Completion of Acquisition or Disposition of Asset.
On March 31, 2008, Platina Energy Group, Inc. (the "Company") entered into an Agreement and Plan of Acquisition (the "Exchange Agreement") with UTEK Corporation, a Delaware corporation ("UTEK"), and UTEK's wholly-owned subsidiary Enhanced Oil Recovery Technologies, Inc., a Nevada corporation ("Enhanced Oil").
Pursuant to the Exchange Agreement, the Company acquired from UTEK effective March 31, 2008 all of the issued and outstanding shares of common stock of Enhanced Oil in exchange for (i) 100,000 shares of the Company's Series F Convertible Preferred Stock that is convertible, no earlier than six months and no later than
twelve months from the date of the Exchange Agreement, into $1,440,000 worth of shares of the Company's common stock based on the average of the five day closing
price of the Company's common stock prior to the conversion date, (ii) two year warrants to purchase 500,000 shares of the Company's common stock at an exercise price
of $.25 per share and (iii) two year warrants to purchase 500,000 shares of the Company's common stock at an exercise price of $.50 per share.
The principal assets of Enhanced Oil at the time of closing consisted of a Patent License Agreement with the University of Texas System and approximately $300,000 in cash. Pursuant to such Patent License Agreement, Enhanced Oil has the exclusive worldwide license rights for the use of Patent No. 6,705,403 described as a production system and method for producing fluids from a well that includes a technology that utilizes a combination of an electrical submersible
pump and a jet pump to separate liquid and gas streams. The potential benefit of this system is that it enables a submersible pump and a jet pump to be used in combination in a high gas-to-liquid ratio oil well without installing a gas vent line. The License Agreement also provides for (i) an upfront $60,000 fee that is to be paid by UTEK, (ii) an annual $1,000 maintenance fee, (iii) a royalty of 4% of all consideration received by the Licensee from license customers for the licensed product, (iv) a royalty of 4% of the net sales of the licensed product and (v) a use fee for each production well which is owned or managed by the Licensee or its affiliates at which the licensed product is installed.
Prior to the consummation of the acquisition, there were no material relationships between UTEK and its officers, directors, affiliates, associates or stockholders,
on the one hand, and the Company and its officers, directors, affiliates, associates or stockholders, on the other hand.
The financial statements of Enhanced Oil required to be filed with this Current Report on Form 8-K and the pro forma combined financial statements of the
Company required to be furnished with this Current Report on Form 8-K will be filed and furnished on or before June 16, 2008.
Item 3.02. Unregistered Sales of Equity Securities.
The information included in Item 2.01 of this Current Report on Form 8-K is also incorporated by reference into this Item 3.02 of this Current Report on Form 8-K.
The issuance of the common stock and the warrants in connection with the acquisition are claimed to be exempt pursuant to Rule 506 of Regulation D under the
Securities Act of 1933 (the "Act"). No advertising or general solicitation was employed in offering these securities. The offering and sale was made only to one
accredited investor, and subsequent transfers were restricted in accordance with the requirements of the Act.
The securities issued in connection with the acquisition were not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the
United States in the absence of an effective registration statement or exemption from registration requirements.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired.
The financial statements required to be filed under this Item 9.01(a) are not included in this Current Report on Form 8-K and will be filed
on or before June 16, 2008.
(b) Pro Forma Financial Information.
The pro forma financial statements required to be furnished under this Item 9.01(b) are not included in this Current Report on Form 8-K and
will be furnished on or before June 16, 2008.
(c) Exhibits
Exhibit No. Description
2.1 Agreement and plan of Acquisition with UTEK Corporation and Enhanced Oil Recovery Technologies, Inc., a wholly-owned subsidiary of UTEK.
4.1 Certificate of Rights and Preferences of Series F Preferred Stock
4.2 Warrant to purchase 500,000 shares of the common stock at an exercise price of $.25 per share our common stock issued in UTEK Corporation
4.3 Warrant to purchase 500,000 shares of the common stock at an exercise price of $.50 per share our common stock issued in UTEK Corporation
It is officially on the run, looks great and should have one of it's best all time performances. I say it will run to 30%+, you can quote me on that.
Platina Energy Group Reports 20% Premium for Its Natural Gas
Thursday April 3, 3:05 am ET
CHEYENNE, WY--(MARKET WIRE)--Apr 3, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News) (Frankfurt:O5Y.F - News) reports that it has had natural gas well production on its Kentucky field commanding up to a 20% premium to spot pricing resulting from high BTU content. This field, managed by Wildcat Energy, a wholly owned subsidiary of Platina, has exceeded projections and is now entering our next fiscal year profitably.
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"By all measures, the opportunity for development on the Kentucky field for both oil and gas could potentially dwarf other holdings of Platina," stated Blair Merriam, President and CEO. He further stated, "We are in the final stages of a new reserve report that should indicate PV10 valuations, according to SEC guidelines, many times our current share price. For these reasons and many more, we feel that Platina has considerable unrecognized value in the market place."
The Company plans to expand operations over the Kentucky field to further validate its holdings, resulting in potentially higher recoverable reserves than previously estimated.
If things don't get going people are going to move on to other trades.
With Pennys or anyother stock for that matter you can't expect anything LOL
All you can do is A) fallow what the chart says for your trade or B) have an entry and exit point for your investment
.002 per share for the projected year? That does not sound good to me, am I missing something here?
It is just time that is all, look at how much they own and look at the extraction technology they own that no one else has.
Oh and throw in the fact they are even before this, oil is at all time high and cleared to go to $200 a barrel.
So those assets will double, that would mean the share price going from $3-$6 of what they have in the ground.
Natural gas only keeps going high as well.
It is just a waiting game, difference between tech. and fund.
Wait till july to look at the price.
I feel sorry for all the morons that sold LOL
Just like was showed, very nice
Wow you guys even got news, what is the deal?
Don't worry I am sure you guys will be just fine just some more time perhaps.
Or you might have to wait until the next well is finished?????
Either way you'll be making money, just a matter of time
Thanks for getting that info for us, this confirms it. Very intersting you really can't ask for more than that now can you?
This is not going to take off just one time, it will pop up an up and up. For me I won't even consider taking my money out until around July. Even if I do I will just get right back in at a lower price.
This company has everything that is needs and more, all ducks in a row, they aren't making any fast moves.
If you are smart you will just sit back and worry about other things and just be happy you know about this stock