Platina Energy Group, Inc. (PLTG.OB) is a diversified exploration and production company. The company has multiple oil and gas lease properties in North America and has a proprietary enhanced recovery technology. It owns reserves in excess of $60 million and is in the production phases of oil wells in Texas.
The Company was formed in 2005 and has managed or is in the process of acquiring properties in Northeast Tennessee, West Texas, Texas and Oklahoma. Platina is able to diversify its exposure while building assets and cash flow with minimal balance sheet debt leverage or shareholder dilution. It has proven to be one of the fastest growing Companies of its type using a combination of acquisition and organic growth.
The demand for energy resources such as oil and gas has increased due to industrial and technological developments. The Energy Information Administration claims that the average US oil consumption should reach approximately 26.1 million barrels per day by 2025.
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