Plateau Mineral Development, Inc. Releases an Alert Regarding the Current Price of Fuel
Plateau Mineral Development, Inc., along with its partner, Plateau Mineral Development LLC, is alerting its investors that the lower petroleum prices (oil and natural gas) are temporary. This opportunity will not last long.
Robert Matthews, President of Plateau Mineral Development, states, “We view the current state as a sort of ‘lull before the storm.’ It’s also an excellent opportunity to take advantage of the lower prices for fuel, parts and especially steel for casing to be used during the drilling and completion of wells. From a practical point of view, PMD bases its business plans on such things as the price of steel which is very dependent upon the price of oil. While we cannot predict what it will do next week or next month, we have very good reason to see the upside rather than the downside. While investors should make prudent investigations before investing, PMD sees its position as strong to the upside, as is much of the energy sector.”