Platina Energy WOOOOOW - 500 Beiträge pro Seite

[Mick1968]

2007-10-22 03:00 ET - News Release

CHEYENNE, WY -- (MARKET WIRE) -- 10/22/07


Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) has entered into a Letter of Intent to acquire a 63-mile pipeline in Texas, including 6 producing wells with cumulative total of 50 barrels of oil and 450 thousand cubic feet of natural gas per day.

The transaction is subject to agreement finalization and bank financing. Closing is expected in November. Platina will retain 50% of the acquisition and act as project manager.

Platina's President, Blair Merriam, stated, "This acquisition complements the shallow oil production recently acquired in East Texas. These wells are deeper Smackover formations that historically have produced several billion cubic feet of gas each. In addition to key drilling locations we'll own the only gas transmission pipeline for the area. This acquisition sets the stage for substantial growth in the four county areas between Oklahoma, Arkansas, Texas and Louisiana."

About Platina Energy Group

Platina Energy is a fast growing E & P Company. Since its organization in 2005, it has acquired proven producing and proven non-producing reserves. The Company owns rights to German inspired, oil extraction technology currently in the R & D phase. As of recent, the Company has announced the acceleration of a major acquisition mode.

RISK/SEC DISCLAIMER

Information contained herein contains forward-looking statements; not guarantees of future success.

The presence or recoverability of optimal or timely reserves, well costs, scheduling, or other matters cannot be promised. This release contains "Safe Harbor" provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties, which could cause actual results to differ materially from those estimated herein.

Platina Energy believes the forward-looking statements to be based on reasonable assumptions but gives no assurance results will be achieved. 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, certain terms and stipulations that may require obligations of the lessee including developmental or additional financial milestones for which the Company is not obligated to provide which could result in loss of future rights and underlying assets.


Contact Information:
Platina Energy Group
Blair Merriam
Email Contact
www.PlatinaEnergyGroup.com

[Mick1968]

Antwort auf Beitrag Nr.: 32.103.441 von Mick1968 am 22.10.07 09:09:04

WPK A0ER3Y

Kürzel PLTG

[Mick1968]

2007-10-22 03:00 UND - Nachrichten Freigabe CHEYENNE, WY -- (MARKT-LEITUNG) -- 10/22/07 Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) hat an einem Absichtsschreiben teilgenommen, um eine Rohrleitung 63-mile in Texas, einschließlich 6 produzierende Brunnen mit kumulativer Gesamtmenge von 50 Fässern Öl und von 450 tausend Kubikfuß Erdgas pro Tag zu erwerben. Die Verhandlung ist abhängig von Vereinbarung Vollendung und Bankfinanzierung. Das Schließen wird im November erwartet. Platina behält 50% des Erwerbs und dient als Projektmanager. Präsident Platinas, Blair Merriam, angegeben, "dieser Erwerb nzt die flache Erdölgewinnung ergä, die vor kurzem in Osttexas erworben wird. Diese Brunnen sind tiefere Smackover Anordnungen, die historisch mehrere Milliarde Kubikfuß Gas jeder produziert haben. Zusätzlich zu den Schlüsselbohrenpositionen besitzen wir die einzige Gasgetrieberohrleitung für den Bereich. Dieser Erwerb Hintergrund darstellen für erhebliches Wachstum in den vier Grafschaftbereichen zwischen Oklahoma, Arkansas, Texas und Louisiana." Über Platina Energie-Gruppe Platina Energie ist schnell wachsendes E & P Company. Seit seiner Organisation 2005, hat sie das nachgewiesene Produzieren und geprüft erworben, Reserven nicht-produzierend. Die Firma besitzt Rechte zu deutschem angespornt, Ölextraktiontechnologie z.Z. in der R&d Phase. Ab neuem hat die Firma die Beschleunigung eines Haupterwerb Modus verkündet.