We finally reach our resistance border! Yesterday +7.84% with 506k shares traded! Resistance is not so strong any more and next resistance is 0.13$ ! We have Bullish engulfing!

http://www.stockta.com/cgi-bin/analy...

So lets summarize what we have:

March -> Platina Energy Group Announces Oil Production of 1500 Barrels per Month. These are preliminary forecasts, for oil now being produced in Texas , Oklahoma and Kentucky .

April -> Platina Ebergy Group recently acquired "down hole " oil field technology as part of a licensing agreement from the University of Texas . The patented technology solves a common problem in the oil and gas industry with certain types of wells whereby the ability to produce natural gas at the same time as oil, had previously been limited. This technology simultaneously brings up both oil and gas , which means you capture the gas instead of venting it off. Not only is this economically advantageous, it is also environmentally responsible . In addition to potential applications for the Company, we intend to offer sublicensing agreements to other Companies who can benefit from this technology.

April -> Platina Energy Group reports oil production of 7-13 barrels per day from the combined output of O'Daniel, Rick #1 and Stout wells in Oklahoma. Bowie Energy , a subsidiary of Platina Energy Group, is the local business representative for the prospect.Bill Hopper, our local field representative has reported that we will be deploying the first Thermal Pulse Unit (TPU) , on one of the existing wells on Garvin County field for testing.Albeit that this is one of our smaller field opportunities, we are very positive about the potential of further validating reserves through the deployment of the TPU.

June -> Platina Energy Group reports gas production of 100mcf per day flowing into the pipeline for the first well drilling activity in Kentucky as of last week. The current drilling rig has already moved to the second location and has commenced drilling. An additional rig has become available due to corporate changes with another Company. Platina has contracted for this rig and has been promised delivery within 1-2 weeks .

Expected cash flow from the Kentucky field alone will exceed $100,000 per month by the end of June/beginning of July and is projected to exceed $300,000 per month by summer's end.

Platina has made radical production development advancements in response to shareholder demands for increased product sales from our properties. The Company is targeting combined revenues to exceed $1 million per month by the third quarter , including the new pipeline connections in Tennessee for our most recent new wells drilled and completed.

Pltg reports targeted drilling depth for two (2) additional wells on its Kentucky field . Both wells have shown good indications for production and will be completed before the end of next week .These are the second two (2) wells to be drilled on the Kentucky site. Our first drilling activity continues to produce natural gas into the pipeline. We will be examining the potential to produce both gas and oil from some of these locations as we continue our aggressive developmental program on this field. We are very fortunate to have cooperative conditions and management is elated by our progress -- ahead of schedule and within budget .

So everything is perfect, ahead of scedule and within budget, we are expecting more news from Kentucky and Wyoming , we are waiting for 10KSB-Filing that will be filed on 30.06 .2008.

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.

So all together Platina is in production phase and highly undervaluated with so many potential for the sp price. You can always read CEO's letter:

http://platinagroup.com/pdfs/Shareho...

So this is time to buy! Go, pltg go!!!