IE 11 is not supported. For an optimal experience visit our site on another browser.

Plateau Mineral Development, Inc. Comments as EPA Weighs in on Fracking

/ Source: GlobeNewswire

WINSTON-SALEM, N.C., Sept. 29, 2010 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP) issued a statement today regarding an article published on September 24, 2010 by Dr. Kent Moors entitled, "At Last, the EPA Weighs in on Fracking." (Source: )

Fracking is a process that results in the creation of fractures in rocks; the goal of which is to increase the output of a well. The most important industrial use is in stimulating oil and natural gas wells. Gas is held inside the shale, so the rock needs to be opened up before the gas can flow. That can be done by "moving millions of gallons of chemical-laced water" infused with fracking fluid under high pressure, which breaks, or "fractures" the rock, thereby stimulating the release of the oil or gas. Some of the chemicals used in fracking fluids are of primary concern, hence the EPA's interest in the subject.

Dr. Moors states in his article that the EPA has decided to conduct an official study of the process, which includes requesting that major service companies voluntarily provide details about the chemicals they use. He goes on to say that this move is important to investors because clearing up environmental concerns will open up shale gas drilling. (Source: )

Dr. Moors points out that concerns over chemicals have kept drilling down, and until environmental concerns are addressed, opposition to drilling will remain. (Source: )

Robert Matthews, President of Plateau Mineral Development, states, "Plateau's Dilution Solvent (DS), the catalyzing end product of Plateau's tire converter system, is a great fracking fluid. Since it is made using our tire converter system, we currently have a virtual monopoly on it.

"Once the Dilution Solvent is used to 'thin' the oil, the oil can be pumped and sold, generating new incremental revenues for the pumping company."

About Plateau Mineral Development, Inc.: Plateau Mineral Development has been in existence for over five years.

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.

CONTACT: Plateau Mineral Development Investor Relations 410-242-0763