Platina Energy Group Inc.
Platina Energy Group Inc.:Platina Energy Group Announces Tennessee Kenner #4 Spud
Platina Energy Group Inc. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Cheyenne, Wyoming – Wednesday February 4, 2008, 4:05pm (EST) Platina Energy Group, Inc. (Symbol OTCBB: PLTG:OB), (Symbol Frankfurt: O5Y.F) reports the spud of Kenner #4 (commencement of drilling). The progress of the well has already passed the initial casing phase as all wells on this field require a two stage drilling process. Blair Merriam, President of Platina Energy stated 'in addition to drilling the third well on this field, we now have connection access to Kenner #1 and #2 to the pipeline. Kenner #1 and #2 have allowed us partial productivity until the Nitrogen levels of this byproduct are below specified standards. As we like to further acknowledge, we are on budget and on target to deliver operational profitability in the very near future.' Platina will be announcing details and progress from this well and recent acquisitions in the next coming days. About Platina Energy Group Platina Energy is a fast growing E&P 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 acquiring new and existing producing fields. RISK/SEC DISCLAIMER Information contained herein contains forward-looking statements; not guarantees of future success. The presence or recoverability for optimal/timely reserves, costs, scheduling, etc., cannot be promised. This release contains 'Safe Harbor' provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties, that could cause actual results to differ materially from those estimated herein. Platina Energy believes the forward-looking statements to be based on reasonable assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; access to financing; and other risks must be understood. Platina Energy assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Issuances of shares for acquisitions, settlements or services may dilute future earnings. Oilfield leases, contain certain terms and stipulations, often developmental or financial, that may require performance by the lessee. This could result in loss of future rights and underlying assets Platina Energy Group Blair Merriam InvestorRelations@PlatinaGroup.com www.PlatinaEnergyGroup.com 05.02.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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