updated 11/11/2010 9:16:42 AM ET 2010-11-11T14:16:42

FORT WALTON BEACH, Fla., Nov. 11, 2010 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP) issued a statement today detailing the income projections on its acquired wells.

Each additional well is expected to produce a minimum of one barrel of oil per day without rework. There are approximately 26 production days per month, and each barrel is currently worth $60. Therefore, each well can produce an income stream of around $1,560 per month. The additional revenue total comes out to approximately $36,000 per month or $900,000 per year. Plateau has a total of 51 producing wells. Most of the properties are located in an area where the basin is thriving and productive. The properties are located in Kentucky, Oklahoma and Michigan. With a minimal rework of some of these wells, the return can dramatically increase.

Robert Matthews of Plateau Mineral Development, Inc., states, "Most of the properties are located in areas where the basin is thriving and productive, so we do not foresee any problems in hitting our goal of one barrel per day. MEI's revenue stream is expected to generate around $1,000,000 per year. In short, the projections are positive and we are striving to reach our productivity goals."

About Plateau Mineral Development, Inc.: Plateau Mineral Development, Inc. specializes in the exploration and development of energy sources. Its partner, Plateau Mineral Development LLC, has been in existence for over five years with successful new wells and rework wells selling both gas and oil.

Safe Harbor Statement: This information includes certain "forward-looking statements." The forward-looking statements reflect the beliefs, expectations, objectives and goals of the Company management with respect to future events and financial performance. They are based on assumptions and estimates, which are believed reasonable at the time such statements are made. However, actual results could differ materially from anticipated results. Important factors that may impact actual results include but are not limited to commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation and regulations. Matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include but are not limited to risks and uncertainties associated with the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Forward-looking statements are intended to qualify for the safe harbor provisions of Section 21E of the Securities and Exchange Act of 1934, as amended.

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