PLTG Is Forecast To Trend Up
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posted on
Jun 26, 2008 05:00AM
Edit this title from the Fast Facts Section
We are waiting for news on:
1 Re-valuation of reserves
2 Wyoming acquisition/drilling activities
3 Tennessee drilling activities
4 (Continuous) updates on KY drilling progress
5 10KSB-Filing(30.06)
Who knows? Maybe news will come today or tomorrow? Lot of good news waiting for us! This is time to buy. Let see what we have for longer term:
Platina anticipates monthly revenue that will likely exceed $500,000 by summer’s conclusion , but perhaps as much as $1,000,000 per month . Based on the amount of common shares issued and outstanding as of this date, Platina projects net royalty income from operations of approximately 5-7 cents per share annualized by August . This does not include the possibility of more development that may be available from additional financing facilities beyond current commitments. Despite summer months that result in vacation time for many, Platina management will be increasing its developmental efforts and be working extra hard for its shareholders . Also Platina will be listed on AMEX until the end of the year.
This is from last news in which we can read that lot of news are comming:
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 . 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.
Similar to the first drilling activity for the Kentucky field, Platina expects commercialization into the pipeline within the next two weeks and additional oil extraction to be possible by July .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.Platina also reports progress on other fronts including recent drilling activities on its Wyoming field for which news will be forthcoming . Waiting on news from rig 5 - Meanwhile, the rig from this well has been moved to location number five (5) and is down 1,000 feet already.
So this stock is strong buy! There are so many good news waiting for us together with 10KSB-Filing , if you sell this share today you will miss the chance to double your sp tomorrow, so this is now the one of the best stock to be in. OPEC predicts $150-170 oil this summer. Time to buy!!!
Long and strong on pltg!!!