Replies to post #1009 on Platina Energy Group, Inc. (fka PLTGQ)

[ridgetop]

pltg increased production on both oil & nat gas
from pr last evening...is it time now for this one to run...

[Ludacrous]

Spoke with Blair MErriam today,
his view on the Trafalgar loan thats convertable into stock is that they want it paid off before Trafalger can convert ($.30 required price to convert)

Plan is to show steady high production for 90 days on the wells in Laurel Co. then report in 10-qsb the numbers and use this as backing for major financing under better terms to completly pay off Trafalger and finance continued well drilling with ultimate goal of producing enough cash flow to not need debt to finance drilling operations. (3-5yrs)