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Plateau Mineral Development, Inc. Shows Profitable Oil Production of the Converter Process

WINSTON-SALEM, N.C., Jan 28, 2010 (GlobeNewswire via COMTEX) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP) issued a statement today discussing the positive profit effects of the Converter Process to produce high quality oil that brings a premium price. Up to Forty percent (46%) of the output of the Converter Process can be oil.
The synthetic oil produced will be purchased based on its heat value. The heat value is defined is MMBTUs (Million British Thermal Units) per barrel. The higher the MMBTUs, the higher the price a barrel fetches. At current prices (42.2 gallons per barrel), one barrel fetches $73 per barrel for light sweet Texas crude (NYMEX). One ton (2000 pounds) times .46 is 920 lbs. At approximately 7 lbs per gallon of oil, the ton of feed stock (of tires) will give us three barrels of oil or $219. This process takes just under an hour. The initial mobile converter will convert approximately 9 tons in an eight hour shift or $41,400 of oil per week if we run three shifts per day. Therefore the profit contribution of oil, if the converter is set to produce oil will be $166,000 per month.

Robert Matthews President of Plateau Mineral Development, Inc., states, "That is, there are very few extraneous nitrogen (N2) or Sulfur (S) Molecules attached in place of a hydrogen molecule. Those N2 and S molecules are the sources of nitrous oxides (smog) and nitric and sulfuric acids which, when mixed with water vapor in the atmosphere create acid rain. The oil and the gas produced by the converter process are synthetic. That is, the molecules are C4H4 (gas) or multiples of C6H6for oil. There are no sulfurs or nitrogen atoms attached to the carbon atoms to serve as sources of NO2s, NO3s or HS compounds and thus are pollutant free."

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.

This news release was distributed by GlobeNewswire, GlobeNewswire - Press Release Distribution - EDGAR Filings - Video News Releases

SOURCE: Plateau Mineral Development Inc.


By Staff

CONTACT: CONTACT: Orion Financial
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PMDP. Trading like news is coming out. Keep this one on your radar list this week. The company has been putting out good prs lately. Imo there will be more prs this week on the company.I am curreently holding this stock. I am expecting this stock to bounce back. Remember to do your own dd and this is strictly my opinion

Plateau Mineral Development, Inc. Announces Acquisition of MEI

WINSTON-SALEM, N.C., Feb 2, 2010 (GlobeNewswire via COMTEX) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP) announced today that the company plans 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.

MEI also provides loans to companies for developmental purposes. However, in some cases, MEI carries out its own in-house research and development. Therefore, another source of MEI's income is from the reimbursement of loans and up front capitalization for in-house developments.

Robert Matthews of Plateau Mineral Development, Inc., states, "Plateau has chosen to acquire MEI because MEI has both the funds and the resources for research and development, while Plateau has the tools and technology to get the job done."

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

PMDP. I have been trading this company for some time now. Look for a run at the end of the day. Stock is trading like news is coming out. In the last report they said they were planning to acquire MEI which is all positive cash flow. Imo this will be coming out soon. Good time to load up while its dipping again. Good luck to all

.Plateau Mineral Development, Inc. Announces Signed Letter of Intent With MEI

Buzz up! 0 Print..Companies:Plateau Mineral Development, Inc..Related Quotes
Symbol Price Change
PMDP.PK 0.0006 +0.0001


{"s" : "pmdp.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Plateau Mineral Development Inc. On Friday February 19, 2010, 1:17 pm

WINSTON-SALEM, N.C., Feb. 19, 2010 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP - News) announced today that the company has signed a letter of intent to acquire Matthews Energy Investments, LLC (MEI). A memorandum of understanding is in progress and should be completed within the next few weeks.



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.



MEI also provides loans to companies for developmental purposes. However, in some cases, MEI carries out its own in-house research and development. Therefore, another source of MEI's income is from the reimbursement of loans and up front capitalization for in-house developments.



Robert Matthews of Plateau Mineral Development, Inc., states, "Plateau has chosen to acquire MEI because MEI has both the funds and the resources for research and development, while Plateau has the tools and technology to get the job done. The signing of the letter of intent will allow Plateau to move forward and participate in some of the lucrative projects that MEI is involved in."



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

Plateau Mineral Development, Inc. Details Planned Acquisition of Properties

.Companies:Plateau Mineral Development, Inc..Press Release Source: Plateau Mineral Development Inc. On Friday March 19, 2010, 12:00 pm

WINSTON-SALEM, N.C., March 19, 2010 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP - News) issued a statement today providing details on the 28 wells that the company has obtained rights to via the impending acquisition of MEI. The merger of MEI's oil and gas interest into PMD is expected to be complete by the end of the month.



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 are located in areas 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, "The 28 wells continue to produce an income stream which will flow into MEI/PMD Inc. We may have an opportunity to sell the Michigan property; if all goes well, we will recoup the investment a few times over."

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