Platina Energy Group Reports 50%+ Potential Reserve Expansion in Kentucky

Platina Energy Group, Inc. report the acquisition of an additional 1,000 oil and gas lease acres in Laurel County, Kentucky over the last 60 days. This represents more than a 50% increase from the previous 1,700 acres that Platina has already drilled 10 successful wells on. This gives the Company approximately 70 potential well locations in the targeted developmental area.

Blair Merriam, President, stated, “We’ve already drilled ten good wells. Four of those are fully completed and producing oil and gas daily. As reported, we have had to postpone full completion of several wells because of excessive down-hole pressures. We elected to produce from open bore holes initially without tubing/rods and pump jacks until pressure reduced sufficiently to allow for proper completion. With any luck, we hope to have the balance of these wells on line by next month. For now, we’re making progress daily toward this milestone.”