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Platina Energy Group Reports More Income in July than all of Prior Quarter

Platina Energy Group Reports More Income in July than all of Prior Quarter

Platina Energy Group, Inc. (Symbol OTCBB: PLTG:OB), (Symbol Frankfurt: O5Y.F) reports oil and gas revenues from the Kentucky field for July that exceeded all of the Company production income from the prior quarter.

Blair Merriam, President of Platina stated, “despite the fact that gas prices dropped by over 1/3, we managed to accrue oil and gas income in July that we have now collected that exceeded our entire production revenues for the previous quarter. Albeit that Platina reports income on an accrual basis, a production check in hand for this amount is significant,” stated Blair Merriam, President of Platina.

In a time where uncertainties in the economy have placed downward pressure on the general stock market, Platina has now created consistent wellhead production that it believes will position the Company for new investor interest both from a “proved” reserve perspective as well as from an oil and gas production potential.

About Platina Energy Group

Platina Energy is an environmentally responsible, fast growing E&P strategic reserve Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to other possible reserves. The Company also owns rights to German Inspired oil extraction technology. The Company continues to be aggressive in developing and acquiring new and existing producing fields.

Contact Information:

Platina Energy Group
Blair Merriam

Information contained herein contains forward-looking statements; not guarantees of future success.

The presence or recoverability for optimal/timely reserves, costs, scheduling, etc., cannot be promised. This release contains “Safe Harbor” provisions of the US Private Securities Litigation Reform Act of 1995 & involves risks and uncertainties that could cause actual results to differ materially from those estimated herein.

Platina Energy believes the forward-looking statements to be based on reasonable assumptions however, no assurances are made. Unpredictable & unanticipated risks; trends; potential unprofitability; cash flow impairments; access to financing; and other risks must be understood.

Platina Energy assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Issuances of shares for acquisitions, settlements or services may dilute future earnings.

Oilfield leases, contain certain terms and stipulations, often developmental or financial, that may require performance by the lessee. This could result in loss of future rights and underlying assets

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