Re: Talked with Blair Merriam, more news shortly
in response to
by
posted on
Jul 21, 2008 03:59AM
Edit this title from the Fast Facts Section
Hi Ludacrous999b,
Good to see you here in Agoracom forum! You are very good source of informations from yahoo board. I will appreciate if you can give to us more information regarding your trip to Kentucky and if you can put somewhere your new videos. Here I will put the link to your messages and then everybody can see many important information related to pltg:
http://search.messages.yahoo.com/sea...
Thanks for all important informations. For other just to say read those messages and buy this stock! Now, what we have this week. At first we have new video, very good that show to us the bright future of pltg production! The new compressor looks great. State of the art technology at work. Looks good for the upcoming expansion.
http://platinagroup.com/wildcat_comp...
Then there are some informations from Wyoming project:
Ok, here is the deal Blair is in WY as we speak. They are working extremely hard on Finley#5 in WY. I believe that Scott Shaw(Energas)(EGSR.ob) is probably there as well. The completion rig was delayed but I know for a fact that they had a huge Frac job to do on the well. The completion rig should be there by now and yeah it was supposed to be there two weeks ago and got delayed. Once it gets on site we have access to it for a while. We will be completing Finley but I know they also have to fix a dead well that is on site by law. I believe this is why we have not heard anything yet. I think they may have plugged this other well first.(not sure on this only my opinion).(this well was existing in place I think before energas bought the lease on the land).Both Energas and Platina already have the data and locations ready to go for permits and where to place the next wells. Wyoming has a lot of available leased land to play with.
And what can we expect in next days, news will be out shortly, maybe today after closing bell, we will have at first news from Kentucky and thel later from Wyoiming. This is just from the last news, so you can imagine what kind of news we can expect:
Production in Kentucky continues to rise at a rapid rate as a result of the recent drilling activity. This will be a perfect week for oils stocks and of course for pltg! Last week some big buyers buyed 400 000 shares for 0.16$ . That means that some big player knows that something big is comming, if you are short or long trader this is time to buy pltg, because tomorrow will be to late. So everything under 0.16$ is to cheap, I don't know in which trading range we will be after next news, but this stock can go only up and with next quarterly report it can jump to the moon, anyway win win scenario for everybody! This is also from the last report so you can imagine where we must be in the near future:
The company trades at a current valuation of $16.8 million. It seems to me, as these wells prove out in numbers, the company shouldn't have much trouble trading up to a $50 million valuation - this would translate to a $.40 to $.45 stock.
So, time to buy, better sooner than later!
Long and strong on pltg!!!