No. 2 for Platina in Tennessee

Platina Energy reaches total depth on second natural gas well in Tennessee. Management reports excellent initial indications.

The second well drilled by Appalachian Energy, a wholly owned subsidiary of Platina, will now enter the completion phase prior to production. According to Blair Merriam, President, "We have been on a roll since summer having drilled five (5) wells on time and on budget. As the completion processes continue, we will be adding to our production such that operational profitability is just around the corner-perhaps as early as next quarter."

Plans to move the drilling rig to the next well site in Tennessee have already begun. The Company asks investors to watch for additional announcements relative to production acquisition activity.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Well Service Floorhand - CA
Expertise: Floorhand / Roughneck|Well Servicing & Testing|Workover or Completion
Location: Bakersfield, CA
 
Well Service Floorhand - TX
Expertise: Floorhand / Roughneck|Well Servicing & Testing|Workover or Completion
Location: Texas, United States, TX
 
equipment operator
Expertise: Civil Engineering|Hydraulic & Pneumatic|Rig Instrument Tech
Location: Midland, 
 
search for more jobs

Brent Crude Oil : $51.49/BBL 1.02%
Light Crude Oil : $49.04/BBL 0.59%
Natural Gas : $2.97/MMBtu 1.71%
Updated in last 24 hours