Platine Energy Group, an environmentally accountable, rapidly growing E&P strategic reserve company, reported fabrication run-rate estimates across holdings in Oklahoma, Kentucky, Wyoming and Texas. Validation of reserves is further solidified by gross production statistics that will likely go beyond 1,500 barrels per month.
The forecasts are preliminary for oil now being produced in Kentucky, Oklahoma and Texas. Income interests fluctuate but will be further delineated in succeeding SEC filings.
“During a time when the general stock market is under pressure, we are exceeding forecasted performance,” said Blair Merriam, President and CEO of Platina Energy Group, Inc. “Our primary focus remains on the accumulation of reserves. With oil and gas near all time highs, we have incredible hidden proven reserve value behind our stock, positioning Platina as an attractive Company on a fundamental basis.”
Since being organized in 2005, Platina acquired verified producing and non-producing reserves in addition to other probable reserves. The Company also owns rights to German Inspired oil removal technology and continues to be uncompromising in acquiring new and existing producing fields.
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