SOURCE: Platina Energy Group, Inc.

November 20, 2008 09:05 ET

Platina Energy Group Reports Hydrocarbon Validation in Kentucky

DALLAS, TX--(Marketwire - November 20, 2008) - Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) reports Magnetic Resonance Detection interpretation by David Shroff, PE, further validating and quantifying oil and gas reservoirs in Kentucky. This same engineer has a substantial history including 120 prior successful well evaluations.

Additionally, the Company has retained the unique completion services of a proprietary ionized water injection system. This completion process works in tandem with the frequency generated well MRD identification tool. Readings across three wells suggested potential initial oil production of 20-480 BPD and 340-800mcf/day gas.

Blair Merriam, President, stated, "The Kentucky field has been a prolific field for Platina. The code to optimize maximum recovery has been a challenging matter and one that we now believe we have a handle on. According to last week's test and validation, we are even more excited than we have ever been about production potential from this field."

Platina's mainstay continues to be its proven reserves.

About Platina Energy Group

Platina Energy is a nimble E&P Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to possible/probable reserves. It also owns rights to German Inspired energy technologies. Although there are always considerations relative to sustainability of production development and profitability, reserve reports suggest strong hydrocarbon deposits.


Information contained herein contains forward-looking statements; not guarantees of future success.

The presence/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, which may cause actual results to differ materially from those stated herein.

Platina Energy believes the forward-looking statements to be based on possible assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; limited access to financing; significant accounts payable debts; current debt defaults 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, fund raising or services will cause dilution.

Oilfield leases, contain certain terms and stipulations, often developmental or financial that may require performance by the lessee that could result in loss of future rights and underlying assets.

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