Platina Energy Group Announces Immediate Drilling Activity in Kentuckyadmin
Platina Energy Group, Inc. reports next well drilling to commence in Kentucky this weekend. The Company is in receipt of an upwardly revised engineering report estimate showing the potential of 30-60,000 BOE of recoverable reserves per new well on this field.
According to Blair Merriam, President, “We continue to work diligently to complete each of the previous ten (10) wells that we have drilled on this field, we have a couple of offset wells that are important to us that we will be starting immediately that could also be huge producers.”
Historical and now new data for oil and gas wells in Laurel and Whitley Counties suggest some new strategies that the Company will be adding. Platina is eager to capitalize on this increased hydrocarbon potential that could result in large additional production on its existing lease acreage holdings.
Platina Energy is an environmentally responsible, fast growing E&P strategic reserve 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 developing and acquiring new and existing producing fields.