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.
- Platina Reports Oklahoma Production for Beginning of April (Apr 24)
- Platina Acquires Enhanced Oil Recovery From UTEK Corporation (Apr 04)
- Platina Reports Oil Production of 1500 bbl/Month (Mar 25)