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Covered Companies
Quote Data![]()
Business Summary![]() Platina Energy Group, Inc. is a diversified exploration and production (E & P) Company. It is the first of its kind listed on the NASDAQ OTCBB (symbol: PLTG), to advent environmentally and socially responsible well site remediation methods. Under the direction of President and CEO Blair Merriam, since its organization in 2005, the Company has successfully acquired properties in Northeast Tennessee, West Texas, Central Texas and is now expanding into Oklahoma, East Texas, Kentucky and Wyoming.
With various financing structures for acquisition and development in place, the Company has been able to diversify its exposure while building solid assets and cash flow coupled with accretive share issuance. Platina has advanced to one of the fastest growing Companies of its type using a combination of acquisition and organic growth. Supporting all of this is a major stake in ownership and equity investment by management evidencing a strong alignment of interest between passive investors and insiders.
The Company, headquartered in Dallas, Texas, has made key acquisitions potentially worth hundreds of millions in proven and possible reserves. With production increasing on a monthly basis, operational profitability is expected as early as the first part of 2008. Further, the Company owns certain exclusive rights to the Thermal Pulse Unit (TPU). This is a proprietary heavy oil recovery technology capable of increasing certain types of production with the potential to reduce US dependence on foreign oil from increased efficiency of existing US reserves.
Since its inception, Platina’s management has been aggressively structuring a portfolio through lease acquisitions that are both geologically and geographically diverse. Based on the foregoing, the Company is positioned to achieve significant growth through its drilling and rework activity.
Disclosure![]()
MarketByte LLC has been paid a fee of $30,000 and 10,000 newly issued Series D Convertible Preferred shares by Platina Energy for coverage of the company. The Series D convertible preferred is convertible into 1 million newly issued restricted shares in Platina Energy Group.
Recent News Headlines![]() Thu, 21 Aug 2008 21:00:49 Etc/GMT Tue, 19 Aug 2008 21:26:51 Etc/GMT Tue, 19 Aug 2008 21:10:18 Etc/GMT Tue, 19 Aug 2008 20:05:00 Etc/GMT Tue, 5 Aug 2008 18:05:00 Etc/GMT Thu, 31 Jul 2008 13:04:09 Etc/GMT Fri, 25 Jul 2008 19:18:28 Etc/GMT Wed, 23 Jul 2008 20:05:00 Etc/GMT Thu, 17 Jul 2008 20:48:56 Etc/GMT Wed, 16 Jul 2008 10:02:38 Etc/GMT Tue, 15 Jul 2008 20:05:00 Etc/GMT Mon, 30 Jun 2008 20:05:00 Etc/GMT Mon, 23 Jun 2008 18:44:00 Etc/GMT Thu, 19 Jun 2008 20:05:00 Etc/GMT Tue, 17 Jun 2008 10:03:07 Etc/GMT Thu, 12 Jun 2008 07:00:00 Etc/GMT Tue, 10 Jun 2008 13:04:25 Etc/GMT Mon, 2 Jun 2008 07:00:00 Etc/GMT Platina Energy Group, Inc. (Frankfurt: O5Y) reports gas production of 100mcf per day flowing into the pipeline for the first well drilling activity in Kentucky as of last week. The current drilling rig has already moved to the second location and has commenced drilling. An additional rig has become available due to corporate changes with another Company. Platina has contracted for this rig and has been promised delivery within 1-2 weeks. Fri, 30 May 2008 21:03:27 Etc/GMT Fri, 16 May 2008 10:07:02 Etc/GMT |
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® 2008 OTC Journal

