Plateau Mineral Development, Inc. Announces Completion of Property Acquisition
March 26 2010 - 11:34AM
Plateau Mineral Development, Inc. (Pink Sheets:PMDP) issued a
statement today that the acquisition of 28 income-producing gas
wells from MEI has been completed.
Plateau Mineral Development, Inc. obtained rights to the
properties via the impending acquisition of MEI. Last month,
Plateau signed a letter of intent to acquire Matthews Energy
Investments, LLC (MEI). MEI is a research and development
management company that receives income from successful development
projects. Three current sources of income for MEI are from oil and
gas projects in Kentucky, Oklahoma and Michigan; all of which have
a positive cash flow.
Each of the properties is located in an area where the basin is
thriving and productive. Twenty three of the properties are gas
wells in Kentucky, four are gas wells in Oklahoma and one is an oil
and gas well in Michigan.
Robert Matthews of Plateau Mineral Development, Inc., states,
"Now that the acquisition is complete, we can begin to move forward
with projects that will increase our flow of income."
About Plateau Mineral Development, Inc.: Plateau Mineral
Development has been in existence for over five years.
Forward-Looking Statements:
This press release contains certain forward-looking statements.
Investors are cautioned that certain statements in this release are
"forward-looking statements" and involve both known and unknown
risks, uncertainties and other factors. Such uncertainties include,
among others, certain risks associated with the operation of the
company described above. The Company's actual results could differ
materially from expected results.
CONTACT: Plateau Mineral Development, Inc.
410-242-0763
Plateau Mineral Developm... (CE) (USOTC:PMDP)
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