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Friday, March 19, 2010 12:21:46 PM
Plateau Mineral Development, Inc. Details Planned Acquisition of Properties
Mar 19, 2010 12:00:16 (ET)
Each of the properties are located in areas where the basin is thriving and productive. Twenty three of the properties are gas wells in Kentucky, four are gas wells in Oklahoma and one is an oil and gas well in Michigan.
Robert Matthews of Plateau Mineral Development, Inc., states, "The 28 wells continue to produce an income stream which will flow into MEI/PMD Inc. We may have an opportunity to sell the Michigan property; if all goes well, we will recoup the investment a few times over."
About Plateau Mineral Development, Inc.: Plateau Mineral Development has been in existence for over five years.
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