Platina Energy Group Reports Production Status Young County!!!

Welcome To The Platina Energy Group HUB On AGORACOM

Edit this title from the Fast Facts Section

Reply New Message

Prev Message Back To Forum Threaded View Next Message

MaxValueHolder

Rank: Vice President [?]

Points: 7471 [?]

Votes: 160 Score: 3.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Platina Energy Group Reports Production Status Young County!!!

posted on Oct 07, 2008 08:58AM

http://www.stockmarketenews.com/feed...

DALLAS, TX--(MARKET WIRE)--Oct 7, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News ) (Frankfurt:O5Y.F - News ) reports oil in tanks pending new approvals in Young County. Platina had previously refocused its efforts on other fields in recent months pending additional paperwork filings that required processing. According to our field managers, we're almost finished with this and will be resuming operations shortly including the sale of oil in tanks .

Blair Merriam, President, stated, "Young County was our first producing field. Although the wells are not larger producers, the cost to drill and complete them is very low. We had previous issues with paperwork that had to be solved before we could refocus on this field activity. This appears to be close to finalization and we will resume development ."

Platina has also been in discussions with several groups as to the optimal method for benefit to the Company from this field. The Company expects to have exciting news about developments in Young County in the near future .