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Plateau Mineral Development, Inc. Announces Commencement of Electrical Work; Yet Another Step Towards Productivity
WINSTON-SALEM, NC -- (Marketwire) -- 12/03/08 -- Plateau Mineral Development, Inc.(PINKSHEETS: PMDP), along with its partner, Plateau Mineral DevelopmentLLC, announced today that electrical work is scheduled for the second weekin December. Connections will be installed linking to a 400 amp, threephase 480 volt electrical service that will provide power to thecompressor, the chiller plant and, when needed, to a second compressor.
The electrical work is expected to take two days since all of the vitalunits are already in place. Conduit and wire connection to the compressorand chiller plant is all that is needed for the system to be fullyfunctional.
A separate electrical service already serves the security lighting and willserve the telephone, telemetry and quality control monitors, computermeters and the control station. The telemetry will permit SPECTRA and PMDto monitor the various quality parameters of the gas as well as theproduction quantity of the gas. The monitors are located within the meterstation just before the gas goes through the tap.
About Plateau Mineral Development, Inc.
Plateau Mineral Development, Inc. specializes in the exploration anddevelopment of gas and oil fields. Currently it is concentrating itsefforts in Morgan County, Tennessee. Its partner, Plateau MineralDevelopment LLC, has been in existence for over five years with successfulnew wells and rework wells selling both gas and oil. Its current priorityis to complete its compressor station to sell its gas production moreconsistently at top market prices through its own tap (the Morgan #4) fordirect sales at top market prices. The project is scheduled for initialproduction in November 2008.
Safe Harbor Statement:
This information includes certain "forward-looking statements." Theforward-looking statements reflect the beliefs, expectations, objectivesand goals of the Company management with respect to future events andfinancial performance. They are based on assumptions and estimates, whichare believed reasonable at the time such statements are made. However,actual results could differ materially from anticipated results. Importantfactors that may impact actual results include but are not limited tocommodity prices, political developments, legal decisions, market andeconomic conditions, industry competition, the weather, changes infinancial markets and changing legislation and regulations. Mattersdiscussed in this press release may contain forward-looking statementswithin 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 suchforward-looking statements. Actual results, performance or achievementscould differ materially from those contemplated, expressed or implied bythe forward-looking statements contained herein. These forward-lookingstatements are based largely on the expectations of the Company and aresubject to a number of risks and uncertainties. These include but are notlimited 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 nationaland local economies resulting from terrorist actions, and U.S. actionssubsequently; and other factors detailed in reports filed by the Company.Forward-looking statements are intended to qualify for the safe harborprovisions of Section 21E of the Securities and Exchange Act of 1934, asamended.
Contact:Dominic Martinez866-508-2092dominic@mandminvestorrelations.com
A separate electrical service already serves the security lighting and willserve the telephone, telemetry and quality control monitors, computermeters and the control station. The telemetry will permit SPECTRA and PMDto monitor the various quality parameters of the gas as well as theproduction quantity of the gas. The monitors are located within the meterstation just before the gas goes through the tap.
About Plateau Mineral Development, Inc.
Plateau Mineral Development, Inc. specializes in the exploration anddevelopment of gas and oil fields. Currently it is concentrating itsefforts in Morgan County, Tennessee. Its partner, Plateau MineralDevelopment LLC, has been in existence for over five years with successfulnew wells and rework wells selling both gas and oil. Its current priorityis to complete its compressor station to sell its gas production moreconsistently at top market prices through its own tap (the Morgan #4) fordirect sales at top market prices. The project is scheduled for initialproduction in November 2008.
Safe Harbor Statement:
This information includes certain "forward-looking statements." Theforward-looking statements reflect the beliefs, expectations, objectivesand goals of the Company management with respect to future events andfinancial performance. They are based on assumptions and estimates, whichare believed reasonable at the time such statements are made. However,actual results could differ materially from anticipated results. Importantfactors that may impact actual results include but are not limited tocommodity prices, political developments, legal decisions, market andeconomic conditions, industry competition, the weather, changes infinancial markets and changing legislation and regulations. Mattersdiscussed in this press release may contain forward-looking statementswithin 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 suchforward-looking statements. Actual results, performance or achievementscould differ materially from those contemplated, expressed or implied bythe forward-looking statements contained herein. These forward-lookingstatements are based largely on the expectations of the Company and aresubject to a number of risks and uncertainties. These include but are notlimited 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 nationaland local economies resulting from terrorist actions, and U.S. actionssubsequently; and other factors detailed in reports filed by the Company.Forward-looking statements are intended to qualify for the safe harborprovisions of Section 21E of the Securities and Exchange Act of 1934, asamended.
Contact:Dominic Martinez866-508-2092dominic@mandminvestorrelations.com
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