DALLAS, TX--(MARKET WIRE)--Jun 23, 2008 -- Platina Energy Group, Inc. (OTC BB:PLTG.OB - News ) (Frankfurt:O5Y.F - News ) reports total depth on well number four (4) in Kentucky. The well is currently being logged and has had very good gas and oil indications during the drilling and casing phase and is expected to make for another good well .

"We estimate about 60 barrels of oil in this well that we will need to pump out before we can perforate the pipe and get a pump jack in place. The natural gas gathering line is already on site and crews are working around the clock to commercialize this well perhaps as early as later this week . Meanwhile, the rig from this well has been moved to location number five (5) and is down 1,000 feet already," stated Blair Merriam, President of Platina.

Platina also reports progress on other fronts including recent drilling activities on its Wyoming field for which news will be forthcoming .

Everything great, today can be one more interesting day for Platina, let see where our prices will be today!!!