Estimated Market Cap: $1,740,689 as of Jul 10, 2009 Outstanding Shares: 1,934,098,437 as of Jun 5, 2009 Authorized Shares: 2,500,000,000 as of Jun 5, 2009 Number of Share Holders of Record: 800 as of Jun 5, 2009 Float: 510,463,453 as of Jun 5, 2009
Plateau Mineral Development, Inc. specializes in the exploration and development of gas and oil fields. The companies current goal is achieve control of its gas production and establish a consistent revenue stream from the sale of gas at top market prices. Current efforts for the company are concentrated in Morgan County, Tennessee and the Chattanooga Shale.
The Chattanooga Shale have exceptional carbon content, the shale has actually been burned for a heat source. The shale has been studied for its potential for producing hydrocarbons 9gas/oil) and it is regarded as the source rock for the naturally occurring oil and gas fields in Tennessee, where the overlying carbonate rocks like limestone and dolostone serve as the "reservoir rocks".
Plateau Mineral Development, Inc. specializes in the exploration and development of gas and oil fields. Currently it is concentrating its efforts in Morgan County, Tennessee. The firm has been in existence for over five years with successful new wells and rework wells selling both gas and oil. In addition to current and future wells, the company is completing its compressor station to sell its gas production more consistently at top market prices through its own tap (the Morgan#4) for direct sales at top market prices. PMD tap (the Morgan #4) is anticipated to connect directly into the twenty-four inch (24”) main east-west SPECTRA (was Duke) pipeline.
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