Platina Energy Group, Inc. reports operational cost projections for hydrocarbon extraction in Tennessee and Kentucky far below domestic averages. Despite the recent energy price reductions, the cost of production as a percentage of sales will likely remain low across the Appalachian area fields.
According to Blair Merriam, “Despite economic slow downs, we have drilled additional wells [...]

Platina Energy Group, Inc. reports next well drilling to commence in Kentucky this weekend. The Company is in receipt of an upwardly revised engineering report estimate showing the potential of 30-60,000 BOE of recoverable reserves per new well on this field.
According to Blair Merriam, President, “We continue to work diligently to complete each of the [...]

Platina Energy Group, Inc is reported to have announced this week’s production estimate at 550 BOE for Kentucky. This includes 180 barrels of existing oil plus estimated field production for natural gas. At present pricing, roughly $75,000 for the week!
President, Blair Merriam, stated “Assuming no growth, with level production, the annualized income, basis the current [...]

An independent reserve report data quantifying its holdings in Kentucky and Tennessee for net oil and gas reserved revealed by Platina Energy group, Inc. In such quite short report it is said that the specific net recoverable quantities are 1.85 million barrels of oil and 24BCF of natural gas. At present pricing, this represents [...]

Platina Energy Group, Inc. reports daily natural gas production increase of 200mcf for the week ending June 29, 2008. Estimated net oil production for the same week was 100-200 barrels.
According to Blair Merriam, President of Platina, “These are not static production numbers as they can vary depending on many factors. In response to a rash [...]