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American Company Spotlight

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Platina Energy Group Inc. Website:
Click Here |
Information As Of July 20,
2007 |
| Exchange:
OTC:BB |
Market
Cap:
17.8 Million |
| Outstanding Shares:
40.2 Million |
52 Low / High:
$0.045 / $0.51 |
|
Price July 20, 2007:
$0.442 |
PLTG Recent Stock Quote and News:
Click Here |
“Platina Energy Group
owns the rights to a proprietary, innovative oil and gas
recovery technology with huge potential. The longer term plan
for this technology is to joint venture its proven use with a
Company specializing in extraction technologies. Presently,
the Company is in discussions with potential partners for use
of this device."
Overview
Platina Energy Group Inc. is a publicly traded holding
company that is acquiring Energy Sector related companies.
Platina has made its initial acquisition and plans to
acquire several more non-competing, complementary companies.
The concept is to build a platform/holding company that
mitigates risk for investors by spreading their equity
investments across multiple investments through one holding
company that acquires technology driven enhanced recovery,
drilling, and exploration oriented companies. Platina plans
to use a combination of stock, cash, and seller debt to
purchase synergistic and accretive companies.
Investment Highlights
- The oil and gas leases, once developed will dramatically
increase revenues and profits.
- Stock widely held with over 2,000 Shareholders.
- Platina’s proprietary German Inspired TPU technology
provides the Company with a unique competitive edge that
improves as reserves are depleted and oil prices increase.
- The TPU provides a significantly lowered cost basis per
barrel for recovery without the problems typically
associated with current technologies such as CO2 floods and
steam.
- The TPU is a technological breakthrough that provides
the Oil and Gas Industry with cost effective solutions that
are environmentally friendly.
- Platina Energy Group, Inc. announced recently that an
independent estimated reserve report for its P. Hawkins Gas
Lease in Tennessee indicated a more than $60 million net
present value based on the industry standard of a ten-year
discounted analysis.
- The Company is poised to make additional acquisitions to
further enhance its long term growth potential.
- Platina's Infield Development Project in Young County,
Texas has a projection of 4-7 times return on the Investment
over the life of the wells based on an Independent
Geological Evaluation.
- The Appalachian Basin acquisition represents fifty-five
drilling locations on approximately 1,600 acres in the
Devonian Black Shale formation in east Tennessee. An
engineering report produced by C. G. Collins (independent
Petroleum Engineer) states that most of the larger gas
companies in America grew to their existing levels by
producing gas from this formation.
- Recent acquisitions have dramatically enhanced the
management structure with seasoned, well experienced
professionals.
Subsidiaries
Appalachian Energy Division
Appalachian Energy was formed as part of the acquisition of
approximately 50 well sites in the Devonian Shale formation.
Subsequent to acquisition, the Company expended resources to
provide scientific data for the field by geological and
petroleum engineering report. This report using conservative
natural gas price estimates indicates a net present
valuation of the field on a PV10 basis to be in excess of
$60 million.
Individual well production estimates extrapolate production
at current pricing to be in the $35-42,000 range per month.
Pipeline access crosses the field and ample compressor
capacity is readily available and in place. Drilling permits
for the first four sites are in process. Platina’s resident
manager of the field estimates that 50 wells can be drilled
and completed within 6 months time assuming no major weather
delays.
Young County, Texas Division
Young County is a lease prospect that the Company acquired
in fiscal 2006. This field includes currently producing
wells and proven reserves worth millions of dollars
according to independent data. By industry standards, the
Young County prospect would be classified as a stripper well
field. However, initial production of oil based on average
pay-zone production data indicates that daily production
falls in the 20-50 barrel per day range. Also, advancements
in recovery technology may be able to increase well
productivity by 200% or more.
Phase one encompassing approximately 20 well sites has been
committed through a third party joint venture agreement.
Under this agreement, Platina estimates that it will have an
initial net production allocation in the range of
2,500-6,000 barrels per month. The first well permits have
been issued and drilling is expected to commence by the end
of July 2007.
Phase two that will have approximately 20 additional well
sites is presently available in conjunction with the primary
agreement with Zone. Estimated net recovery over time to the
investor is approximately 600,000 + Barrels of oil.
Palo Duro Basin, Texas Division
The Palo Duro Basin is a shale formation with additional
potential pay-zones above it. The formation is found in West
Texas and in parts of Oklahoma. Until Mitchell Energy
established a method for completing this formation by way of
the Barnett Shale, it was otherwise previously not
producible. According to a Morgan Stanley report and
subsequent recent data published in a major trade journal,
the Palo Duro Basin may be as much or potentially more
prolific than the Barnett Shale.
Surrounding data for the Palo Duro Basin shale formation
suggests that additional engineering and geological studies
be conducted on the 20,000,000+ lease acres that Platina
controls. The likelihood many millions of dollars of
recoverable reserves are very high and the correct data
should support the best method for recovery and exploration.
Platina Exploration, Division
Platina Exploration Corporation is a wholly owned subsidiary
of Platina Energy Group. It was formed to allow its
President, Chip Langston to acquire new opportunities into
the Company. Presently, through a JV with Buccaneer Energy,
Platina has expended over $500k in resources associated with
the evaluation and potential acquisition of a producing
asset known as AVL. The Company has further provided
engineering data supporting debt-financing commitments from
Park Cities Bank and CIT for $30 million and $75 million
respectively. Each would be a revolving line of credit with
certain milestones for additional advancements over the
initial $22 million dollar purchase price. The end result
would be an immediate net cash flow of over $500k per month.
The Company is seeking to close the purchase. This purchase
and incremental infra-structure enhancements that would
increase production by 20-30% within approximately 90 days.
With the AVL acquisition would come additional drilling
sites as well as additional 40,000 acres of developmental
property.
Under the umbrella of PEC, there are several other
acquisitions currently being evaluated for purchase.
Permian Energy, Division
Permian Energy Corporation is a wholly owned subsidiary that
owns representation and distribution rights to certain
proprietary and patented technology for oil recovery. This
technology called a thermal pulsing device allows for
pressure and steam to be forced down-hole thereby reducing
paraffin deposits and decreasing viscosity of the oil for
better flow rates. In fields where there is primarily oil
but with some natural gas, this technology can potentially
remove the need for a down-hole pump or pump jack. The
Company initially acquired equipment through this subsidiary
for additional research and development as well as field
deployment. It is believed that the technology will enhance
certain fields that can be acquired by Platina that will
greatly enhance productivity.
The longer term plan for this technology is to joint venture
its proven use with a Company specializing in extraction
technologies. Presently, the Company is in discussions with
potential partners for use of this device.
The Market
Over the last few months, European research interests
that track junior public stocks have resulted in successful
additional listings on multiple European Exchanges including
Frankfurt. The Company has consequently been very active on
the Frankfurt Exchange and has seen considerable price and
volume advancement in direct correlation to increases in
fundamental values. It has only been in the most recent
months that Platina has been able to demonstrate its rash of
successful acquisitions of both management talent and core
assets.
Recent News and Press Releases
Platina Energy Estimates Initial Production at
10,000 Barrels per/mo for its Young County Lease
(Fri, July 20)
Proven Non-Producing Estimated Reserve Report (PV10)
Value $62,755,268.00 for Tennessee Lease (Wed, Jul
11)
Permit Approval for Young County Lease (Mon, Jul 9)
Drilling Permits Filed for Young County, Texas (Thu,
Jun 28)
Platina Announces Extension of $.50 and $1.00 Rule
144 Warrants (Wed, Jun 27)
Platina Energy Group, Inc. Signs Deal to Acquire New
Leases, Substantially Increasing Its Acreage in the
Palo Duro Basin (Mon, Jun 18)
Platina Energy Group, Inc. Announces Appointment of
New Board Member (Tue, Jun 12)
Platina Energy Group, Inc. Announces New Oil
Production for Several Wells (Wed, Jun 6)
Platina Energy Group, Inc. Reports Progress of Its
West Texas Acquisition (Fri, May 25)
Platina Energy Group, Inc. Announces Signing of
Joint Venture Deal for Young County, TX Prospect
(Mon, May 14)
Platina Energy Group to Participate in Joint Venture
Drilling Program in TN (Thu, May 3)
Platina Energy Group, Inc. Announces Positive
Results for Young County Oil and Gas Lease (Thu, Apr
26)
Chip Langston, President of the wholly owned
subsidiary, Platina Exploration Corporation President of the
wholly owned subsidiary, Platina Exploration Corporation,
brings many years of solid experience to Platina Energy Group
including financing skills for joint venture opportunities as
well as new acquisitions for the Company. He has considerable
public Company experience in the energy sector and looks
forward to growing the business using all of his skills. Chip
is also a CPA and combines his accounting skills with his
profound knowledge of the oil and gas industry.
Steve Eversole, President of Appalachian Energy
Corporation
President of Appalachian Energy Corporation has brought
with him operating and drilling licenses in Kentucky and
Tennessee. He has been very active drilling, coordinating and
operating wells in the immediate area to where Platina owns
its current lease holdings. Steve has been carefully planning
and interfacing with investment groups for the development of
the property believed to be worth considerably more than the
current market value of the entire Company.
Dan Thornton, Vice President and Secretary of Platina
Energy Group
Vice President and Secretary of Platina Energy Group is
responsible for much of the day-to-day operations of the
Company. Dan has had vast experience with various Companies,
including publicly listed Companies and is well suited for
this responsibility. He additionally plays a key role in
providing computer skill interfaces for technological
advancements as well as for book-keeping and legal
considerations for the Company.
Contacts
Platina Energy Group Inc
1807 Capital Avenue, Suite 101 I
Cheyenne, Wyoming 82001
Tel: 307-637-3900
Fax: 480-287-9560
Blair J. Merriam CEO-President
management@platinagroup.com
Investor Relations
InvestorReleations@platinagroup.com
FORWARD LOOKING STATEMENTS
This report includes forward-looking
statements that reflect Platina Energy
Group Inc. current
expectations about its future results, performance,
prospects and opportunities. Platina
Energy Group Inc. has
tried to identify these forward-looking statements by using
words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to
a number of risks, uncertainties and other factors that
could cause Platina Energy Group Inc.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these
forward-looking statements. These risks, uncertainties and
other factors include, without limitation, the Company's
growth expectations and ongoing funding requirements, and
specifically, the Company's growth prospects with scalable
customers, and those outlined above. Other risks include the
Company's limited operating history, the Company's history
of operating losses, consumers' acceptance, the Company's
use of licensed technologies, risk of increased competition,
the potential need for additional financing, the terms and
conditions of any financing that is consummated, the limited
trading market for the Company's securities, the possible
volatility of the Company's stock price, the concentration
of ownership, and the potential fluctuation in the Company's
operating results.
Disclaimer
AllPennyStocks.com feature stock reports
are intended to be stock ideas, NOT recommendations. Please
do your own research before investing. It is crucial that
you at least look at current SEC filings and read the latest
press releases. Information contained in this report was
extracted from current documents filed with the SEC, the
company web site and other publicly available sources deemed
reliable. For more information see our disclaimer section, a
link of which can be found on our web site. This document
contains forward-looking statements, particularly as related
to the business plans of the Company, within the meaning of
Section 27A of the Securities Act of 1933 and Sections 21E
of the Securities Exchange Act of 1934, and are subject to
the safe harbor created by these sections. Actual results
may differ materially from the Company's expectations and
estimates. This is an advertisement for Platina Energy Group
Inc. The purpose of this advertisement, like any
advertising, is to provide coverage and awareness for the
company. The information provided in this advertisement is
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