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CHEYENNE, Wyo., June 6 /PRNewswire-FirstCall/ -- Platina Energy Group, Inc. (OTC Bulletin Board: PLTG - News), (Symbol Frankfurt: 05Y.F), (Symbol Berlin: 05Y.BE), (Symbol Xetra: 05Y.DE) (Symbol Stuttgart: 05Y.SG) is pleased to announce that it has re-entered several of its existing wells on the Young County prospect. These wells are now producing on a test basis to determine ongoing production forecasts. Although it is too early to report, the Company is very excited about this prospect. Actual production data will be released once management completes the initial test phase.

Blair Merriam, the CEO of Platina states, "We are very excited to make this announcement, but we are also looking forward to making a series of announcements on a weekly basis regarding our progress over the next few months. We are making great strides to increase shareholder value and production through acquisitions and core growth."

About Platina Energy

Platina is an E & P company that owns several oil and gas prospects in Continental North America. Platina plans to develop these resources as strategic funding alliances permit, as well as enhance its existing portfolio with further acquisitions of oil and gas leases. Additionally, Platina owns rights to a German inspired, proprietary oil recovery technology that delivers cost effective recovery of heavy oil at a fraction of the current costs.

    Contact:
    Blair Merriam, Chairman & CEO

    Platina Energy Group, Inc. (OTC Bulletin Board: PLTG - News; DRB: 05Y - FRA)
    Phone: 307-637-3900
    ir@platinagroup.com

    Web Site: http://www.platinaenergygroup.com 

SEC DISCLAIMER

Information contained herein may contain forward-looking statements which are not guarantees of future success or that there cannot be losses. The actual presence or recoverability of reserves for optimal and timely recovery, well costs or schedules or other matters cannot be promised. This release contains "Safe Harbor" provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties, which could cause actual results to differ materially from those estimated herein.

Platina Energy believes the forward-looking statements are based on current reasonable assumptions but can give no assurance that results will be achieved. Unpredictable & unanticipated risks, trends and uncertainties including inability to accurately forecast operating results; the potential inability to achieve profits or have cash flow; access to financing; and other must be understood. Platina Energy assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

 

 

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http://www.platinaenergygroup.com/