Platina Energy Group Reports This Week's Production Estimate for Kentucky

* Reuters is not responsible for the content in this press release.

Wed Jul 23, 2008 4:05pm EDT 

  DALLAS, TX, Jul 23 (MARKET WIRE) -- 
Platina Energy Group, Inc. (OTCBB: PLTG) (FRANKFURT: O5Y) reports this
week's production estimate at 550 BOE for Kentucky. This includes 180
barrels of existing oil plus estimated field production for natural gas.
At present pricing, roughly $75,000 for the week!

    Blair Merriam, President, stated, "Assuming no growth, with level
production, the annualized income, basis the current common shares issued
and outstanding, is almost 3.5 cents per share. Considering there is
additional production from other fields, and new product is being added in
Kentucky weekly, our revenue over the next twelve months could easily
challenge our current stock price."

    Growth in Kentucky is significant for Platina. Probable production
estimates could easily double or triple current rates over the near term.
The Company toured investors over the recent days who were more than
impressed with all of the developmental achievements and have promised to
post their independent video recordings onto YouTube in the near future.

    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
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

Copyright 2008, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.