Platina Energy Group Reports Significant Field Production Increaseadmin
Platina Energy Group, Inc. reports daily natural gas production increase of 200mcf for the week ending June 29, 2008. Estimated net oil production for the same week was 100-200 barrels.
According to Blair Merriam, President of Platina, “These are not static production numbers as they can vary depending on many factors. In response to a rash of phone calls asking about our production, we decided to provide a snapshot for last week’s activity, which we will report on from time to time. As we receive revenue checks and post revenues from these recent activities, I’m hoping the daily calls about production will settle down as I cannot provide information to one shareholder and not to all.”
The Company is in the process of connecting additional wells from other recent activity in addition to adding oil collection tanks known as tank batteries to common field areas for storage and pick up.
About Platina Energy Group
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.
Platina Energy Group Blair Merriam
Source: Platina Energy Group, Inc.