Plateau Mineral Development, Inc. specializes in the exploration and development of gas and oil fields. It is concentrating its efforts in Morgan County, Tennessee. The company, along with its partner Plateau Mineral Development LLC, is building a pipeline gathering system, which is 6.16 miles long with a 6-inch and 4-inch main trunk line. Plateau Mineral Development, Inc. focuses on completing its compressor station to sell its gas production consistently at market prices through its own tap for direct sales at market prices. This project is planned for initial production in November 2008. The company, formerly known as American Food Holdings, Inc., is based in Winston Salem, North Carolina...
Plateau Mineral Development, Inc. engages in the development and production of oil and gas properties. The company was formerly known as American Food Holdings, Inc. and changed its name to Plateau Mineral Development, Inc. in August 2008. Plateau Mineral Development, Inc. was incorporated in 1987 and is based in Winston Salem, North Carolina
HEY ALL. ANOTHER STOCK U MIGHT WANNA CHECK OUT!! BEEN HEARING ALOT OF CHATTER ABOUT THIS ONE!! GOOD POSSIBLITY THIS ONE MIGHT BE COMING INTO PLAY!!! GOOD TIME TO BUY THIS ONE WHILE THE PRICE IS STILL LOW!! THIS ONE IS AT .0009 AND HAS ALL THE POTENTAL TO BE BACK UP TO .0024 THIS ONE IS DEF BACK ON MY RADAR AND IM PUTTING AN ORDER IN FOR IT NOW
WINSTON-SALEM, N.C., Dec. 3, 2009 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP - News), along with its partner, Plateau Mineral Development LLC, announced today that its partner in environmental programs, Environmental Solutions, LLC (EnSol) has successfully completed its report based on the environmental laboratory testing done over the summer months at the EnSol lab. The results show reductions in dissolved nitrogen and greatly improved results in dissolved oxygen in the water. The test results were obtained via natural processes that represent no environmental threat in and of themselves.
The test was facilitated by Aubrey C. Williams Jr., PhD. Dr. Williams currently serves as an Assistant Professor at Southern University in Baton Rouge, Louisiana and is a member of the Louisiana Academy of Science. He has given a series of presentations on various environmental topics, and has received a Department of Energy fellowship award for his master graduate research.
Dr. Williams states, "We are pleased with the results of the environmental testing. We have demonstrated reductions in polluted water totaling more than 90%. The water needs to be cleaned up before it is re-introduced into the St. John's river, and then into the lakes and oceans. We are proud to take part in cleaning up one of the earth's greatest natural resources."
Plateau Mineral Development, Inc. Introduces the Hydrocarbon Decomposition Process Used for 'Heavy Oil' Reclamation Press Release
Source: Plateau Mineral Development, Inc.
On 6:05 pm EST, Thursday December 10, 2009
WINSTON-SALEM, N.C., Dec. 10 /PRNewswire-FirstCall/ -- Plateau Mineral Development, Inc. (Pink Sheets: PMDP - News), along with its partner, EnSol, LLC, announced yesterday that the firm has been given a Letter of Intent (LOI) from Hansen Consulting to joint venture the production and lifting of "heavy crude" oil. The Hydrocarbon Decomposition (HD) Process created by Mr. William Strange, current President of PMD, creates a "solvent" that facilitates the "lifting" of heavy crude oil previously uneconomical. Application of the "solvent" reduces the friction, API gravity and viscosity of the oil causing the oil to flow freely in the wellbore. Tests have shown remarkable results. More than 30 million known barrels of oil in proven reserves are available and currently cost prohibitive.
The Hydrocarbon Decomposition (HD) Process creates gas, oil, carbon black and solvents. The feed stock is used tires. There are about 300 million tires thrown away every year. One used tire weighs on the average 22.5 pounds and contains two gallons of fuel as well as other chemicals. The HD process also has as a byproduct solvent which is used as cutting oil for drill bits, drag reducer for pipeline and as an Asphaltene cutter. Well operators have found that the solvent breaks down paraffin which impedes the flow of oil and gas. The ordinary well maintenance to clear paraffin and "clean" the bore costs roughly $3,000 to $10,000; HD solvent does the job for about $200 and saves down time.
An initial investment of about $300,000 to build a functional bench model will be used in production to create approximately $2,252,838 in revenue after six months. The mobile version can be transported in a full sized pickup truck. It will produce approximately 500 gallons in a 24 hour period. Initially several wells will be chosen with different depths, porosity, paraffin content, permeability, API gravity, and Asphaltenes content.
Plateau's President, Bill Strange states, "Pumping 3,000 barrels a day will produce approximately $28 million in revenue annually to the joint venture. We are ready to roll forward to capitalize on the opportunities before us."
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.
mac dine line right below
red signal line shows some support gunna trade at high volume and rise north
stock to watch and get in....should trade with great volume this week which
brings in great revenue http://stockcharts.com/h-sc/ui?s=PMDP&p=D&b=5&g=0&id=p70719072335
sleeper pick of the day
Press Release Source: Plateau Mineral Development Inc. On Tuesday January 5, 2010, 4:06 pm
WINSTON-SALEM, N.C., Jan. 5, 2010 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP - News) announced today that the firm, in conjunction with Environmental Solutions, has completed a design for a converter unit that will transform tires into carbon black, oil, gas and petroleum solvents.
The market for carbon black includes the manufacturing of new tires as well as for producing batteries, making it an even more important commodity than the company had originally thought. Carbon black sells for approximately $0.46 per pound.
A prototype unit was put to the test, showing that the converter yields more than 95% of usable product after it converts the materials put into it. The fully-operational converter is the size of a truck bed. However, the goal is to fabricate and test a portable unit that can be taken to remote sites for conversion and environmental cleanup jobs. Funds are currently being raised to create a better, more efficient second generation unit.
Robert Matthews of Plateau Mineral Development, Inc. states, "The discovery that carbon black can be used for batteries is a leap in the right direction for us. Since the converter lends itself to the production of carbon black, and since carbon black can be used for batteries and the remanufacture of tires, there's a great deal of potential with regard to the profitability of creating and using the converter."
Pmdp has more news out!! This stock should trade with high volume and price aprecation tmw. I looked at the charts and imo this stock should breat through the 20 day m.a of .0007 and possibly the 50 day ma of .0009. Keep this one on ur radars all!
Press Release Source: Plateau Mineral Development Inc. On Friday January 22, 2010, 5:54 pm EST
WINSTON-SALEM, N.C., Jan. 22, 2010 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP - News) issued a statement today discussing the positive profit effects of the Dilution Solvent on existing oil wells. Dilution Solvent (DS), the catalyzing end product of Plateau's tire converter system, will be used to treat existing oil wells to liberate oil that is too viscous (thick) to economically be pumped from the wells. One barrel (42.2 gallons) of DS at a cost of $25.00 per gallon will sell for approximately $1,000. The ratio for dilution of the Dilution Solvent is at about 50:1; or about one gallon (or a little less dependent on the viscosity of the "in ground oil") of solvent used for one barrel of oil pumped.
Subtracting other operating costs, not including royalty, estimated at $15.00/BBL would translate to a potential net profit of $35.00. To reiterate: A $75 selling price minus $25 for one gallon of DS minus $15 of pumping cost per BBL of oil yields a profit of $35. To an oil field operator this translates to a profit formula that for 50 barrels (BBL) of oil times a $75 price per BBL yields $3,750 in gross revenues for the pumping operator or $1,750 of net revenues. 50 Million BBL of "heavy oil" pumped using DS under this scenario can translate to $1.75 Billion dollars of "net" revenue.
Robert Matthews of Plateau Mineral Development, Inc., states, "Once the DS is used to "thin" the oil, the oil can be pumped and sold, generating new incremental revenues for the pumping company. The leading product is the dilution solvent, which can treat existing wells or be sold separately for profit; therefore, the solvent provides two sources of income for us. Use of the solvent in the oil field will facilitate the economic production of oil that was previously uneconomic to produce. It's more profitable for operators to use oil from our existing wells than to risk drilling new wells. In short, the wells have been drilled and are simply waiting for the solvent to liberate the oil so it can be pumped into tanks and sold at market."
About Plateau Mineral Development, Inc.: Plateau Mineral Development has been in existence for over five years.
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