Platina Energy Group Connects More Wells to Pipeline in Kentucky

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Thu Jun 19, 2008 4:05pm EDT

  DALLAS, TX, Jun 19 (MARKET WIRE) -- 
Platina Energy Group, Inc. (OTCBB: PLTG), (FRANKFURT: O5Y) reports as of
the close of business on Thursday, June 19, 2008, more gas wells have
been connected to the pipeline for purchase by a major supplier.

    Blair Merriam, President of Platina stated, "Combined production should
range in the 750-1000 mcf/day. At current gas pricing, annualized revenue
run-rate should rise to exceed $4,000,000+ from the new connections by the
end of June. We are only part way done with our present developmental
program in Kentucky, but expect to enjoy cash flows beginning in July and
a healthy revenue stream from these wells for years to come."

    According to Joel Patton, field management for Platina, "We've been
working at top speed to get these wells on line in Kentucky as in
addition to our Tennessee field. We're very excited about the revenues
that these wells will deliver as both areas have long histories of
consistent production."

    About Platina Energy Group

    Platina Energy is an environmentally responsible, E&P strategic reserve
and development 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
developing and acquiring new and existing producing fields.

    RISK/SEC DISCLAIMER

    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.

    

Contact Information:

Platina Energy Group
Blair Merriam
Email Contact
www.PlatinaEnergyGroup.com

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