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Total Depth Reached in Tennessee - Good Show of Natural Gas Prior to Completion
CHEYENNE, Wyo., Oct 04, 2007 /PRNewswire-FirstCall via COMTEX/ -- Platina Energy Group, Inc. (OTC Bulletin Board: PLTG), (Frankfurt: O5Y.F) reports that the first well for Platina's wholly owned subsidiary, Appalachian Energy, hit total depth and has had good evidence of natural gas to the surface as forecasted according to Steve Eversole, President of Appalachian Energy.

Steve commented, "as we approached Total Depth, we encountered a very hard cherty formation which created a challenge in the last part of drilling but we were able to successfully penetrate the strata and reach TD as planned. We are evaluating the best method for economic completion of the well. During our last phase of drilling, natural gas was evident and natural gas continues to come to the surface from the uncompleted well. This is very exciting, considering the fact that wells in this formation typically do not have this amount of gas to the surface prior to completion ."

The Company is considering a combination of a hydrojet/nitrogen frac completion at this time. Third party experts are being consulted to ascertain the optimal completion technique and scheduling. According to Blair Merriam, President and CEO of Platina, "we are on time and on budget but we want to exercise caution in the completion process so that we do not damage the formation and thus optimize well productivity.

About Platina Energy Group

Platina Energy is a fast growing E & P Company. Since its organization in 2005, it has successfully acquired proven producing and proven non-producing reserves estimated to be worth in excess of $300,000,000.00 according to third party reports. The Company owns rights to German inspired, oil extraction technology currently in the R & D phase. Additionally, the Company owns exploratory lease acreage in the Palo Duro Basin for which a portion is currently being evaluated.