Platina Energy Group, Inc. (fka PLTGQ)

[roba70]

NEWS:

Kenner #2 Flaring Gas After Nitrogen Frac - Tennessee
Wednesday December 5, 4:05 pm ET

CHEYENNE, Wyo., Dec. 5 /PRNewswire-FirstCall/ -- Platina Energy Group, Inc. (OTC Bulletin Board: PLTG - News), (Frankfurt: O5Y.F - News) reports the flaring of Natural Gas for the first completed well in Tennessee. The Company expects pipeline commercialization before year-end.

This is the first of three wells in Tennessee permitted by Platina subsidiary, Appalachian Energy. The completion process for this field is complex and requires a burn off to lower the Nitrogen content of the natural gas to less than 5% after stimulation, or Frac of the well. This process requires 1-3 months. Kenner #2 began the flaring process last week with the most recent data suggesting commercialization prior to year-end. The well is below budget and ahead of schedule.

Blair Merriam, President of Platina, states, "Not only has this natural gas well exceeded our initial expectations, but we are in the process of negotiating the purchase of the 100% net revenue interest. We expect to increase our ownership from 25% to 100%."

About Platina Energy Group

Platina Energy is a fast growing E&P 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 oil extraction technology completing the R & D phase.

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