Platina's Proven Reserve Value Soars

Platina Energy's quantified oil and gas properties, including current proven producing and proven reserve estimates, have skyrocketed in value over the last few weeks as a result of dramatic crude oil price increases topping $93 per barrel.

"The timing of this could not have been better as our new acquisitions being closed are effective as of dates prior to the major price advances," said the company's President and CEO Blair Merriam. "This also represents a better than 25% increase in our proven producing and proven reserve estimates."