Tandem Energy Holdings (fka TDYH)

[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.