Platina Energy Group, Inc. (fka PLTGQ)

[Pure Control]

Platina Energy Group Reports Attractive Extraction Costs

Dallas, Texas - Thursday, October 30, 2008 - 9:00 AM EST

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 operational cost projections for hydrocarbon extraction in
Tennessee and Kentucky far below domestic averages. Despite the recent
energy price reductions, the cost of production as a percentage of
sales will likely remain low across the Appalachian area fields.) ) (

According to Blair Merriam, “Despite economic slow downs, we have
drilled additional wells that are now being added to the gathering
lines and tank batteries. The additional production should help to
offset lower prices and the extraction benefits from these types of
formations are now more significant. Low water cut, shallow depth,
high grade product and modest pumping costs allow fields that we
operate to offer profit potential even at significantly lower
pricing.”

The flagship of Platina’s value continues to be its vast proved
reserves. Despite financial challenges related to the general economic
climate, there is considerable value from a recurring revenue
perspective for the development of the targeted fields.