SOURCE: Platina Energy Group, Inc.

March 25, 2008 09:52 ET

Platina Energy Group Announces Oil Production of 1500 Barrels per Month

CHEYENNE, WY--(Marketwire - March 25, 2008) - Platina Energy Group, Inc. (OTCBB: PLTG), (FRANKFURT: O5Y) reports its production run-rate estimates across holdings in Kentucky, Oklahoma, Wyoming and Texas fields. Although Platina has positioned itself as a proven reserve Company, validation of such reserves are further solidified by gross production numbers that will likely exceed 50 barrels per day before the end of April.

These are preliminary forecasts, for oil now being produced in Texas, Oklahoma and Kentucky. Revenue interests vary but will be further delineated in subsequent SEC filings. The Company is compiling data on its natural gas production that will be available shortly.

Blair Merriam, President and CEO comments, "During a time when the general stock market is under pressure, we are exceeding forecasted performance. Our primary focus remains on the accumulation of reserves. With oil and gas near all time highs, we have incredible hidden proven reserve value behind our stock, positioning Platina as an attractive Company on a fundamental basis."

About Platina Energy Group

Platina Energy is an environmentally responsible, fast growing E&P strategic reserve 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 German Inspired oil extraction technology. The Company continues to be aggressive in acquiring new and existing producing fields.


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

The presence or 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 that could cause actual results to differ materially from those estimated herein.

Platina Energy believes the forward-looking statements to be based on reasonable assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; access to financing; 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 or services may dilute future earnings.

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

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