Million of dollars obtained by Platina Energy Group in Reserves

Million of dollars obtained by Platina Energy Group in Reserves

An independent reserve report data quantifying its holdings in Kentucky and Tennessee for net oil and gas reserved revealed by Platina Energy group, Inc. In such quite short report it is said that the specific net recoverable quantities are 1.85 million barrels of oil and 24BCF of natural gas. At present pricing, this represents a value well in excess of $500,000,000.00.

Blair Merriam, The President of Platina Energy Group states that this is probably the most significant news that the Company has ever released. Although we have other reserve report estimates on other fields that total another $100 or more million, this particular report is extremely conservative based on what we are recovering on the Kentucky field at the moment. We think that the actual reserves could be much higher, but it is too early to tell.

It is also reported that The Platina Energy Group’s production is rising continuously at such a rapid rate which is obviously the result of the recent drilling activity.

Platina Energy is a fast growing E&P 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 acquiring new and existing producing fields.

Contact:

Contact Information: Platina Energy Group Blair Merriam

Email Contact

http://www.PlatinaEnergyGroup.com

Source: Platina Energy Group, Inc.

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