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Message: Platina Energy Group Reports Hydrocarbon Validation in Kentucky

Platina Energy Group Reports Hydrocarbon Validation in Kentucky

posted on Nov 20, 2008 04:51AM


Platina Energy Group Reports Hydrocarbon Validation in Kentucky

DALLAS, TX--(MARKET WIRE)--Nov 20, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News ) (Frankfurt:O5Y.F - News ) reports Magnetic Resonance Detection interpretation by David Shroff, PE, further validating and quantifying oil and gas reservoirs in Kentucky. This same engineer has a substantial history including 120 prior successful well evaluations.

Additionally, the Company has retained the unique completion services of a proprietary ionized water injection system. This completion process works in tandem with the frequency generated well MRD identification tool. Readings across three wells suggested potential initial oil production of 20-480 BPD and 340-800mcf/day gas .

Blair Merriam, President, stated, "The Kentucky field has been a prolific field for Platina. The code to optimize maximum recovery has been a challenging matter and one that we now believe we have a handle on. According to last week's test and validation, we are even more excited than we have ever been about production potential from this field ."

Platina's mainstay continues to be its proven reserves.

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