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Platina Energy strikes oil again in Kentucky


Published Aug 20, 2008
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Platina Energy repurchases TN interests

Platina Energy Group, Inc.reports the seventh successful new well activity on its Kentucky Field. Platina has maintained a remarkable record for productive oil and natural gas wells in Kentucky beyond its initial expectations.

The Company continues to develop this field with diligence and will be adding additional production through completion strategies to further enhance product flow of both oil and gas from each well. Platina further expects to drill additional wells over the next few months as offsets to these proven producing sites.

“We are finally realizing significant product into the pipeline and to the refineries on a regular basis from these field activities that will be in our next quarterly filing. The Company also expects to grow its current production by at least 50-100% over the next 45-60 days,” stated Blair Merriam, President of Platina.

Tags: Platina Energy Group




   

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