Platina to Double Production in Kentucky by End of March

Platina Energy Group, Inc. reported that management expects to increase production on the Kentucky field by the end of March 2008. The Company had previously reported operational profitability on this prospect starting last month. Although the field is underway to be a model for future developmental activity by the Company, the primary focus is to further validate valuable proven reserves.

Corporate strategy continues to focus on the accumulation of proven and proven producing reserves allowing potential investors the leverage of the physical commodity for which its lease acreage controls. Further reserve studies and updated reports of existing paperwork are being compiled and will be available over the next couple of months.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Field Specialist
Expertise: Field Development|Field Service Tech
Location: Dickinson, ND
Field Technician Intern
Expertise: Field Development
Location: Charlotte, NC
United States Rock Springs: Entry Level to Senior Field Engineer - Logging
Expertise: Petroleum Engineering
Location: Rock Springs, WY
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours