My target price for this idea is $.25 short term with an SSL (suggested stop loss) at $.08. I wouldn't chase it at or above $.14 or $.15 on the intial surge from today's news.

Today, just after the market closed, PLTG announced that a large utility's pipeline has now been hooked into three of their producing wells in Kentucky. According to PLTG, these new wells together are currently delivering 700 to 1050 MCF. This equates to about $4,000,000 in annual revenues if natural gas remains in the $10 to $13 MCF price range.

With a $11 million market value at today's price, $4 million in annual revs kicking off today, and a number of other properties close to producing revenues, it seems like this idea offers lots of upside and very little downside from today's levels.

DALLAS, TX--(MARKET WIRE)--Jun 19, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News), (Frankfurt:O5Y.F - News) 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."

This is great stock, read this report, short target price is 0.25$!!! No risk downside, really great, up we go!!!

http://www.otcjournal.com/Platina-En...

What more to say, read this report, great stock, today will be another run to the sky!!!

Go, pltg go!!!