SOURCE: Stock Market Alerts
|
December 06, 2007 09:25 ET
Aggressive Stock Alert: PLTG! December 6, 2007
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.
MIAMI, FL--(Marketwire - December 6, 2007) - Stock Market Alerts' performance stock list
includes: Platina Energy Group, Inc. (OTCBB: PLTG), China BAK Battery, Inc.
(NASDAQ: CBAK), United Online, Inc. (NASDAQ: UNTD), PAETEC Holding Corp.
(NASDAQ: PAET).
Having announced last week the acquisition completion of 50 existing wells,
Platina Energy Group, Inc. (OTCBB: PLTG) should continue to have the
attention of investors looking to possibly benefit from the energy sectors!
Wednesday after the markets closed, the company, a fast growing E & P
Company, issued a press release reporting the flaring of Natural Gas for
the first completed well in Tennessee. The Company expects pipeline
commercialization before year-end.
This is additional great news for the company, as according to the press
release, this is the first of three wells in Tennessee permitted by Platina
subsidiary, Appalachian Energy. The completion process for this field is
complex and requires a burn off to lower the Nitrogen content of the
natural gas to less than 5% after stimulation, or Frac of the well. This
process requires 1-3 months. Kenner #2 began the flaring process last week
with the most recent data suggesting commercialization prior to year-end.
The well is below budget and ahead of schedule.
Blair Merriam, President of Platina, states, "Not only has this natural gas
well exceeded our initial expectations, but we are in the process of
negotiating the purchase of the 100% net revenue interest. We expect to
increase our ownership from 25% to 100%."
Last week the company also reported the acquisition completion of 50
existing wells in Kilgore, Texas through its subsidiary, Platina
Exploration Corporation.
This acquisition represents 50 existing and proven wells in the Woodbine
Formation. The completed transaction resulted from previous owner
mismanagement that caused the field to go unattended. The press release
states that Well log records along with current engineering estimates
indicate production probability of 150-200 barrels per day.
According to Blair Merriam, President of Platina Energy, "My onsite field
inspection yesterday was very encouraging. I met with key ground personnel
who will begin the various repair processes over the next few weeks. We
anticipate having most of the wells back on-line before the end of our next
quarter."
The company should have investors watching! 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 oil extraction technology in the
R & D phase.
Before the news was released, the stock closed Wednesday at around Twenty
Two cents a share.
For Stock Market Alerts' in-depth profile of Platina Energy Group, visit
http://www.wallstreetenews.com/HotStocks/PLTG120507/default.aspx.
Other Stocks of interest yesterday were:
China BAK Battery, Inc. (NASDAQ: CBAK) up 30.8% on 3.7 million shares
traded.
China BAK Battery, Inc. is one of the largest manufacturers of
lithium-based battery cells in the world, as measured by production output.
It produces battery cells that are the principal component of rechargeable
batteries commonly used in cellular phones, notebook computers, cordless
power tools and portable consumer electronics, such as digital media
devices, portable media players, portable audio players, portable gaming
devices and personal digital assistants (or PDAs).
United Online, Inc. (NASDAQ: UNTD) up 7.1% on 2.1 million shares traded.
United Online, Inc. is a leading provider of consumer Internet and media
services. The company's Content & Media services include online social
networking (Classmates) and online loyalty marketing (MyPoints). Its
Communications services include Internet access (NetZero, Juno) and email.
PAETEC Holding Corp. (NASDAQ: PAET) up 6.3% on 1.6 million shares traded.
PAETEC is personalizing business communications for medium-sized and large
businesses, enterprise organizations, and institutions across the United
States. We offer a comprehensive suite of IP, voice, data and Internet
services, as well as enterprise communications management software, network
security solutions, CPE, and managed services.
The advertisement is provided by Wall Street Enews, a division of Stock
Market Alerts LLC, an electronic broadcaster and publisher of this release,
and hereafter referred to as "the company." The company received
compensation for services performed for Platina Energy Group, Inc. (OTCBB: PLTG). The compensation is a total of five hundred and fifty thousand
shares (one hundred and seventy five thousand shares for current services
and three hundred and seventy five thousand shares for previous services)
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