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Covered Companies

Platina Energy Group
Platina Energy Group (PLTG)
http://www.platinagroup.com
Coverage: June 19, 2008 - June 19, 2009
Featured: June 19, 2008

Quote Data

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Last Trade: 0.0919 Bid: 0.0900
Last Size: 3,000 Ask: 0.0920
Trade Time: 15:57 Bid x Ask Size: 5000x5000
Change: down arrow -0.0030 (-3.16%) Day's Range: 0.09 - 0.10
Prev Close: 0.0950 52wk Range: 0.07 - 0.30
Open: 0.0990 P/E (ttm): N/A
Volume: 733,233 EPS (ttm): -0.32
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[Chart]

Business Summary

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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.

Latest Newsletter Editions

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Tue, Aug 5, 2008 @ 01:08 pm
Platina Energy Group (OTC BB: PLTG): Reach Expanding I'm really glad PLTG delivered some news for me to cover, as it gives me the opportunity to use one of the most important new resources on the new and improved OTC Journal web site. Today, just after the close, PLTG announced has acquired another...
Wed, Jul 23, 2008 @ 07:07 pm
Oil and Platina- Should They Correct Together? The market is improving nicely as oil starts a corrective phase after one of the most prolific parabolic runs in the history of markets. Oil peaked at nearly $150, and closed at about $124 today- so much for the idea that the price of oil was simply a function...
Tue, Jul 15, 2008 @ 01:07 pm
How's Ugly Working So Far? If those who took the time to read my weekend edition on How To Make Ugly Work For You, so far there has been one stock to look at. Genetech (NYSE: DNA) reported earnings post close yesterday, and there was a brief opportunity to take a profit on a short trade or a put option...
Mon, Jun 30, 2008 @ 02:06 pm
Energy is just flat out getting goofy and technically, we don't see it coming back to reality anytime soon. $150 a barrel seems inevitable and $180 to $200 is not out of the question, not yet anyway. So, I hope many of you took our suggestion of playing the broader markets to the short side. Until proven...
Mon, Jun 23, 2008 @ 08:06 pm
Platina Goes to Pluto and Back Welcome to the erratic world of micro caps. For those of you who missed it, just this last Thursday we launched a new feature profile on Platina Energy Group (OTC BB: PLTG), a small but potentially exciting oil & gas production company with properties in Kentucky...

Click Here For More Newsletters on PLTG

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Latest Blog Entries

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Tue, Aug 19, 2008 @ 10:07 pm
Platina had a couple of events worth commenting on today. Sorry for the lateness of this posting, but I am traveling and thus have to get to these updates when I can. Platina filed its 10Q quarterly financial statement with the SEC today as it announced well #7 in Kentucky has gone into production. Here’s the biggest [...]
Thu, Aug 14, 2008 @ 11:30 am
There have been a couple of items worth mentioning out of Platina of late. For those who want to take a little “voyeuristic” tour of a couple of their producing wells, here’s a link you can visit: http://platinagroup.com/multimedia/adam_tour.htm For those who are interested in an update of current events at the company, here’s a letter going out [...]
Fri, Jun 20, 2008 @ 06:34 am
PLTG opened fairly reasonably at $.135 this morning. I would go ahead and grab all you want up to $.15 for today. Then, we’ll see how things pan out from there.

Disclosure

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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

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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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