CEO's letter
posted on
May 28, 2008 04:39AM
Edit this title from the Fast Facts Section
http://platinagroup.com/pdfs/Shareho...
We are pleased to announce the beginning of our new fiscal year and the results relevant to your investment into Platina Energy Group stock, symbol: PLTG. First and foremost, Platina has amassed considerable proven reserves since our last fiscal report. Management is optimistic that these events will have a positive impact on the Company and its recognized share value—both short and long term.
In summary, we drilled and completed five (5) new wells on our Tennessee field. All have been commercially tested and are expected to yield an aggregate of 500-700 mcf/day of high-grade natural gas. At current pricing, including premium BTU adjustment, the Company expects monthly royalty income in excess of $200,000.00 per month from this field alone.
All told, Platina anticipates monthly revenue that will likely exceed $500,000 by summer’s conclusion, but perhaps as much as $1,000,000 per month.
Given our proven reserve estimates that exceed hundreds of millions of dollars, combined with production further validating our progress, we anticipate great shareholder potential value for those who perform their own due diligence and understand all of the hidden opportunity that the Company possesses. In short, management is of the belief that our market value is attractively priced by comparison to similar competitors in the same prospect areas.
Also there are some forecast about pltg on internet that this stock is likely to double soon.
Go, pltg, go!!!