IMO we will see a HYPE in the next time, I think up to 100% within 2-3 weeks, 200-300% within 1-3 months.
Posts: 185 | Registered: May 2006
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posted
thanks for this link. imo EVERYTHING looks good for PLTG. Chart, substance of the company, management,properties,...
BTW: the management don't want get paid by dilutions, therefore they have the sparkling oil-well! (You can here that in the recorded telephone conference on the homepage.
posted
Next news should come out soon, Platina will make annoucements nearly every week. In the last weeks 2-3 news per week came out Posts: 185 | Registered: May 2006
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Platina Energy Estimates Initial Production at 10,000 Barrels per/mo for its Young County Lease Friday July 20, 6:34 pm ET
CHEYENNE, Wyo.--(BUSINESS WIRE)--Platina Energy Group, Inc. (OTCBB:PLTG - News; Frankfurt:O5Y - News), is pleased to announce that upon completion of the 35 well joint venture program in Young County, initial production to Platina's interest could top 10,000 barrels of oil per month. According to a third party report, total production over 11 years is estimated to be 28,000 barrels per well. At current prices, net revenues to Platina's interest could exceed $750,000.00 per month. Young County is a highly defined shallow well prospect located in West Texas. ADVERTISEMENT
"This field includes currently producing wells and proven reserves potentially worth millions of dollars according to independent data," stated Mr. Blair Merriam, CEO and President of Platina Energy Group, Inc. "Using an extrapolated version of the average pay-zone information from the area, and according to a third party report, estimated initial daily production should range from 20-50 barrels per day per well. Also, advancements in recovery technology may be able to increase well productivity by 150-200% or more. Our internal estimates are based on initial production of 35 barrels per day before decline curve amortization."
The Company's development plan for the Young County Lease will be implemented in two phases. Phase one, which encompasses the initial development of approximately 20 well sites, has been committed through a third party joint venture agreement with Zone Petroleum, a third party energy finance Company. The first well permits have been issued and drilling is expected to commence before the end of July 2007.
Phase two of the development plan, which also calls for the development of approximately 15 additional well sites, is presently available to third party investors in conjunction with the primary agreement with Zone Petroleum. The cost to drill and complete these wells under the current guaranteed production program is just under $5 million.
Posts: 185 | Registered: May 2006
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posted
4-7 I have traded PLTG already with nice performance (First entered at ~0.26, fell down a few Cent but came up again soon) At the moment I have a little loss, entered at ~0.50. But I'm happy, next week should be party time again
Platina has actually AT THE BEGINNING of the production approx. earnings with the oil wells as much as the market capital! (9/10 mill.USD)
- ADDITIONALLY the gas lease worth ~62 mill.USD - Earnings calculated with the first 20 then 35 wells. But they have actually about 100 drilling sites! - New wells will be drilled. It generally takes less than one month to drill, complete and hook up a well for one crew. (I asked Platina by mail)
What do you think? Posts: 185 | Registered: May 2006
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posted
I would be pleased with other meanings! (I'm sure for me, but any suggestive comments would be fine)
Posts: 185 | Registered: May 2006
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Hot otc.com has been compensated by a third party Blue Wave Advisors thirteen thousand five hundred dollars for a month PLTG advertising services contract.
-------------------- ......in Psychiatry circles it's known as a "warning sign" Posts: 1736 | From: Saint Louis | Registered: Jul 2005
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Platina Energy Orders Independent Third-Party Evaluation of its Palo Duro Basin Prospect Platina Energy Group, Inc. (OTCBB: PLTG) is pleased to announce that it has recently hired an independent third party to prepare an evaluation report for the Palo Duro Basin shale prospect. Current contract agreements held by Platina are for over 20,000 gross acres.
"The Palo Duro Basin shale formation has been a long time coming. Estimates by a Morgan Stanley report clearly indicate its potential viability, including additional pay-zones outside of the major natural gas reservoirs," said Mr. Blair Merriam, CEO of Platina Energy Group, Inc. "We will be providing additional information regarding this asset to shareholders as soon as it is available. The data that will be provided by the independent report should further confirm our reserve speculations for the property. We believe that the Company contract holdings could contain considerable recoverable reserves. Until we have enough information from reliable sources, it is just too early to know."
According to a Morgan Stanley report (Click Here For: Morgan Stanley Research Report, http://www.beaconequityresearch.com/report/PLTG_Morgan_Stanley.pdf) and subsequent recent data published in a major trade journal, the Palo Duro Basin shale formation may be as much or potentially more prolific than the Barnett Shale, a region famed for its significant natural gas reserves.
About Palo Duro Basin
Platina's Palo Duro Basin Prospect consists of considerable acreage in Texas -- over 20,000 acres under various arrangements. Platina's Management is of the opinion that the Palo Duro shale formation could be one of the largest natural gas deposits in America. The Company is in the process of properly evaluating the leasehold acreage and in discussions related to potential development of the property.
About Platina Energy Group
Platina is an E & P Company that owns several oil and gas lease properties in Texas and Tennessee. The Company is currently producing oil from one field. It also owns oil and gas leases for proven and unproven reserves for which it is in the process of obtaining drilling permits. Additionally, Platina owns rights to a German-inspired, proprietary oil recovery technology that allows for the cost-effective recovery of certain types of untapped reserves that exist throughout the world.
Posts: 185 | Registered: May 2006
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- The Company currently has about 100 drilling sites in its Young County (Texas) and Appalachian (Tennessee) prospects.
- Actually they will hook up 35 wells in Young County.
- YOUNG COUNTY / Texas: Platina Energy Estimates Initial Production at 10,000 Barrels per/mo for its Young County Lease. According to a third party report, total production over 11 years is estimated to be 28,000 barrels per well.
- P.Hawkins Gas Lease / Tennessee: Proven Non-Producing Estimated Reserve Report (PV10) Value $62,755,268.00!!!
- PALO DURIN BASIN: Platina Energy Orders Independent Third-Party Evaluation of its Palo Duro Basin Prospect. A Morgan Stanley report that compares Palo Duro Basin to Barnett Shale, the largest natural gas play in Texas, perhaps of whole USA!
Posts: 185 | Registered: May 2006
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posted
Often, with news of this type, the price of the stock already reflects all the information.. and the pps tends to drop after the news is released.
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
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What I meant is this: Over the last three weeks or so, positive news have been released several times per week. Yet the price hovers around a certain range -- having climbed up there before the barrage of news releases.
To me, this looks like the price was driven up on rumors, whispers passed between those in-the-know.
Check out the chart: in late April, there was a breakout above .15, doubling the price instantly. This was followed by a string of news releases, as the price consolidated for about a month and a half, sorting out the profit takers and the value hunters.
The stock broke out again mid-June, marking some 80% gain, and has been consolidating -- note how positive news releases are coming twice, thrice a week during that time, but the price remains contained below .50 most of the time.
The way I understand it is that, most of the time, the news doesn't drive the price -- it explains it.
Having said all that, I am bullish on PLTG -- the chart is in an uptrend, the story looks good, the financials look OK, they're selling what we're all addicted to, they should do allright.
The price of the stock should follow.. but, timing is everything, and there's no point tying up capital in a stock that one hopes (or believes) will go up. Now, I guess this comes down to personal preference, but having lost my share of money in the market, this is what works for me: wait for bullish activity, higher highs and higher lows on the intraday chart, go long and hold until the wave breaks; sell when the price fails to make a higher high. You can always jump back in if it continues to rise, meanwhile you've protected your capital and profit.
Anyway, I don't want to sound like some kind of a pompous buffoon. I don't really know that much, just what I learned from the mistakes I made. This looked familiar, so I figured I'd share.
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
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posted
4-7 I know what you mean... "the news doesn't drive the price -- it explains it."
Good mind and often true. But IMO it doesn't concern PLTG now because the value of the prospects (With oil and gas) is MUCH higher than the market cap. This fact is (should be...) very strong. Further the Palo Duro Basin evaluated at the moment... they just started to do. When we get the news with the value of it, PLTG should fly to other dimensions (See Morgan Stanley Report, compared with Barnett Shale).
I don't know whats up with the share price at the moment, but I'm sure it will soon correct up to the real value of PLTG.
Posts: 185 | Registered: May 2006
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posted
There's support at .40, and further at .37 .. it is possible that the pps will test it. There's resistance at .51 and .545 - breaking above that would be a bullish sign.
It is easier to cut losses while they're small. It also makes good money sense.
Picture this scenario: with $500, you buy 1000 shares of a stock at .50; suppose it goes down to .37, then rallies up to .60
One course of action is to hold through the dip until .60, and sell for a $100 profit. Another way is to sell at .45 when you see it going down (get $450 out), watch it bounce at .35, and buy back at .40 ($450/.40 = 1125 shares) when you see it's going back up. Finally, sell at .60 ($225 profit).
And, in case it doesn't bounce, you've contained the loss to a 10% of your capital.
There's nothing unbelievable about the chart you see.. it is what it is. The stock market is like an ocean, and you be the surfer. You can't make the waves, hope, or wish them into obedience -- only swim out to the break, observe, and try your best to catch a good wave
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
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