Platina Energy Group Strikes Oil Again in Kentucky
2008-08-19 15:05:00
DALLAS, TX–(EMWNews – August 19, 2008) – Platina Energy Group, Inc. (
(
Kentucky Field. Platina has maintained a remarkable record for productive
oil and natural gas wells in Kentucky beyond its initial expectations.
The Company continues to develop this field with diligence and will be
adding additional production through completion strategies to further
enhance product flow of both oil and gas from each well. Platina further
expects to drill additional wells over the next few months as offsets to
these proven producing sites.
“We are finally realizing significant product into the pipeline and to the
refineries on a regular basis from these field activities that will be in
our next quarterly filing. The Company also expects to grow its current
production by at least 50-100% over the next 45-60 days,” stated Blair
Merriam, President of Platina.
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About Platina Energy Group
Platina Energy is an environmentally responsible, fast growing E&P
strategic reserve Company. Since organization in 2005, it has acquired
proven producing and proven non-producing reserves in addition to other
possible reserves. The Company also owns rights to German Inspired oil
extraction technology. The Company continues to be aggressive in
developing and acquiring new and existing producing fields.
RISK/SEC DISCLAIMER
Information contained herein contains forward-looking statements; not
guarantees of future success.
The presence or recoverability for optimal/timely reserves, costs,
scheduling, etc., cannot be promised. This release contains “Safe Harbor”
provisions of the US Private Securities Litigation Reform Act of 1995 &
involves risks and uncertainties that could cause actual results to differ
materially from those estimated herein.
Platina Energy believes the forward-looking statements to be based on
reasonable assumptions however, no assurances are made. Unpredictable &
unanticipated risks; trends; potential unprofitability; cash flow
impairments; access to financing; and other risks must be understood.
Platina Energy assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events.
Issuances of shares for acquisitions, settlements or services may dilute
future earnings.
Oilfield leases contain certain terms and stipulations, often developmental
or financial that may require performance by the lessee. This could result
in loss of future rights and underlying assets.
Contact Information:
Platina Energy Group |
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