March 25, 2008
Platina Energy Group Announces Oil Production of 1500 Barrels per Month
Filed under: In English — @ 3:00 am
Cheyenne, Wyoming – Tuesday March 25, 2008, 3:00am (EST)
Platina Energy Group, Inc. (Symbol OTCBB: PLTG:OB), (Symbol Frankfurt: O5Y.F) reports its production run-rate estimates across holdings in Kentucky, Oklahoma, Wyoming and Texas fields. Although Platina has positioned itself as a proven reserve Company, validation of such reserves are further solidified by gross production numbers that will likely exceed 50 barrels per day before the end of April.
These are preliminary forecasts, for oil now being produced in Texas, Oklahoma and Kentucky. Revenue interests vary but will be further delineated in subsequent SEC filings. The Company is compiling data on its natural gas production that will be available shortly.
Blair Merriam, President and CEO comments, “during a time when the general stock market is under pressure, we are exceeding forecasted performance. Our primary focus remains on the accumulation of reserves. With oil and gas near all time highs, we have incredible hidden proven reserve value behind our stock, positioning Platina as an attractive Company on a fundamental basis.”
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 acquiring new and existing producing fields.
Contact Information:
Platina Energy Group
Blair Merriam
InvestorRelations@platinagroup.com
www.PlatinaEnergyGroup.com
