Platina Energy Group, Inc. (fka PLTGQ)

[Pure Control]

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.