PLTG Earnings Forecast for 2007 8/21/2007
CHEYENNE, Wyo., Aug 21, 2007 Platina Energy Group, Inc. (OTCBB:PLTG)(FWB:O5Y):
From the Desk of Blair Merriam, President and CEO
Dear Shareholder,
We'd like to update our loyal shareholders as to the latest events, resulting from the recent market turmoil, which was instigated by a rash of short selling. To summarize our news releases commencing on April 1, we devised a plan which we have been executing, that includes a multi-faceted approach.
Strategic acquisitions have now been translated into proven reserves thereby giving the Company an asset return on investment many times in excess of its cost basis, according to expert evaluation reports.
The Company has strategically enhanced its asset base in anticipation of production revenues, with tax loss carry forwards, particularly as they appear in the most recent quarter. Most importantly, operational losses were nominal, and in line with projections.
The Company is pleased to report that it has secured joint venture financing in the aggregate amount of $23,000,000.00 for its current two proven organic oil and gas production prospects. These financing commitments were the result of an equity investment, and did not involve floating PLTG share issuances or share pricing.
In addition to the increased revenues from the proven reserves, and lucrative operating agreements, the Company has negotiated a carried interest of 25% in the operations. Up to $6 million will be spent in development on the Company's behalf with no risk or outlay.
As part of an enhanced income strategy the Company has entered into an agreement to syndicate its carried interests through a reduced tax base investment program. The Company will increase profits throughout fiscal 2007, while generating additional income from high yield investor note profits. The bottom line to the Company is accelerated earnings for 2007 and beyond.
The implementation of these systems is expected to increase revenues by several million dollars for this year.
Although management is confident that earnings will reflect changing models such as those currently underway, there are inherent risks in the oil and gas business that could affect profits including: substantially lower energy prices; weather obstacles; equipment shortages; unforeseen business interruptions.
Any of the foregoing events are legitimate concerns which could affect the company for which investors should be aware.
In the second fiscal quarter for 2007, we will be reporting first revenues from production which will demonstrate our trend toward operational profitability perhaps as soon as the current quarter but most expectedly by the third quarter.
Habe mir mal die Sache durchgelesen und man kann zusammenfassen, dass der Wert mit Risiko behaftet ist (was aber bei solchen Explorern normal ist) aber gute Pläne und Ziele hat - hier muss man wohl wirklich abwarten, aber es ist keine Panik angesagt!!!
Viel Erfolg
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