Platina Energy Group, Inc. (OTC BB:PLTG.OB - News) (Frankfurt:O5Y.F - News) reports the seventh successful new well activity on its Kentucky Field. Platina has maintained a remarkable record for productive oil and natural gas wells in Kentucky beyond its initial expectations.
The Company continues to develop this field with diligence and will be adding additional production through completion strategies to further enhance product flow of both oil and gas from each well. Platina further expects to drill additional wells over the next few months as offsets to these proven producing sites.
“We are finally realizing significant product into the pipeline and to the refineries on a regular basis from these field activities that will be in our next quarterly filing. The Company also expects to grow its current production by at least 50-100% over the next 45-60 days,” stated Blair Merriam, President of Platina.
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About Platina Energy Group
Platina Energy is an environmentally responsible, fast growing E&P strategic reserve Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to other possible reserves. The Company also owns rights to German Inspired oil extraction technology. The Company continues to be aggressive in developing and acquiring new and existing producing fields.
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