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.
ADVERTISEMENT
"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.
