Platina Energy Group Reports Excellent Logging Records in Wyoming Dallas, Texas – Monday, October 20, 2008, 9:05pm Eastern Standard Time (GMT-5)
Platina Energy Group, Inc. (Symbol OTCBB: PLTG <http://finance.yahoo.com/q?s=pltg.ob> ) (Symbol Frankfurt: O5Y.F <http://uk.finance.yahoo.com/q?s=O5Y.F> ) reports drilling results in Wyoming indicating excellent hydrocarbon log records. Field data has confirmed that there is significant oil and possible gas from the recently drilled well.)
According to Blair Merriam, President, “the Wyoming Field has a lot of hydrocarbon potential. Although we have an older producing well that has been online for some time, there are other surrounding wells with good history that we are doing our best to offset in hopes of completing a big one. Obviously it is too early to tell, but we remain excited about the potential of this well.”
Prior developments on this field indicate significant reservoirs of oil. There are initial field challenges relative to the completion of this well but several experts have confirmed that this new well should be a good one but will require additional completion efforts.
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