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Platina Energy Group, Inc.: Proven Reserve Valuation Soars - 500 Beiträge pro Seite


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(PR NEWSWIRE) Platina Energy Group, Inc.: Proven Reserve Valuation Soars
Platina Energy Group, Inc.: Proven Reserve Valuation Soars

CHEYENNE, Wyo., Oct. 30 /PRNewswire-FirstCall/ -- Platina Energy Group,
Inc. (OTC Bulletin Board: PLTG) (Frankfurt: O5Y.F) reports that the Company's
quantified oil and gas properties including current proven producing and
proven reserve estimates have skyrocketed in value over the last few weeks as
a result of dramatic crude oil price increases topping $93 per barrel.
According to Blair Merriam, "The timing of this could not have been better
as our new acquisitions being closed are effective as of dates prior to the
major price advances. This also represents a better than 25% increase in our
proven producing and proven reserve estimates."
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. Recently, 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.
SOURCE Platina Energy Group, Inc.


Contact Information:
Blair Merriam of Platina Energy Group, Inc., +1-303-789-9360, InvestorRelations@
*** end of story ***


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