Platina Energy Group, Inc. has worked with its natural gas collection alliance to complete the necessary upgrades for the compressor and connection hookup capacity at its Appalachian prospect.

The prolific Devonian Shale formation is a well-proven natural gas reservoir located in Tennessee and is operated by Appalachian Energy, a wholly-owned subsidiary of Platina Energy Group.

Appalachian Energy was formed as part of the acquisition of approximately 50 well sites in the Devonian Shale formation. Subsequent to acquisition, the Company expended resources to provide scientific data for the field by geological and petroleum engineering report. This report using conservative natural gas price estimates indicates a net present valuation of the field on a PV10 basis to be in excess of $60 million.

As a result of a third party alliance, Appalachian Energy was able to complete the necessary upgrades at no capital costs to Platina or Appalachian Energy.

Typical gas wells producing in this area require commercial grade compression to enter delivery pipelines as compared to local gathering lines. High-pressure collection lines are common in areas where longer pipeline to end user runs exist. The reliability for continued demand for gas purchasers is a major benefit to high-pressure line hook ups.

"These upgrades are an integral part of our pre-site drilling preparations," said Mr. Steve Eversole, President of Appalachian Energy. "In order to meet our full-scale operational plan we dedicated the required resources to expand the allowable capacity by making upgrades to the collection point. We are truly pleased to report today that we have completed these necessary upgrades."