December 8, 2009 |
WINSTON-SALEM, N.C., Dec. 8, 2009 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP), along with its partner, Plateau Mineral Development LLC , announced today that the company has appointed William Strange as President, effective immediately.
William "Bill" Strange has thirty years of experience in the refineries, petro-chemical, and oil field. He is well-versed in bio-remediation, pipefitting and fabrication, process troubleshooting and construction management . Mr. Strange was employed for more than ten years by Raines Contractors in Galena Park, Texas, where he served as construction manager and marketing director, whilst heading the bio-remediation department. He supervised daily operations, implemented safety programs, initiated business development projects, and took part in contract negotiations. Principally, he acted as chief negotiator between the company and Chevron . Presently, Mr. Strange acts as a consultant for Jarrell Welding and Fabrication where he assists with new business opportunities, participates in construction contract negotiations, and troubleshoots jobs .
William Strange, President elect for Plateau, states, "I am honored to have been chosen for this position and am eager to get started. I believe that a great deal of potential lies within Plateau, and I'm looking forward to taking part in the growth of the company."
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.
| PLATEAU MINERAL DEVELOPMENT, INC Stock Symbol :: PMDP |
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 | PLATEAU MINERAL DEVELOPMENT, INC (PMDP) Plateau Mineral Development, Inc. is in the exploration and development of energy sources. | |||||||||||
Plateau Mineral Development, Inc. 1550 Caton Center Drive Suite E Baltimore, MD 21227 Phone: 410-242-2397 Fax: 336-723-5544 http://www.plateaumineral.net |
· Panhandle Oil and Gas Inc. (Panhandle) is engaged in the acquisition, management and development of oil and gas properties, including wells located on the Company’s mineral acreage. Panhandle’s mineral properties and other oil and gas interests are located primarily in Arkansas, Kansas, Oklahoma, New Mexico and Texas.Approximately 80% of oil and gas revenues are derived from the sale of natural gas. Substantially all the Company’s oil and gas production is sold through the operators of the wells. NYSE: PHX Recent Price: $21.20 · Daybreak Oil and Gas, Inc. (Daybreak) is an exploration-stage oil and natural gas exploration, development and production company. The Company’s operations are focused on identifying and evaluating prospective oil and gas properties, and funding projects. The Company has onshore oil and gas projects in California, Alabama and Louisiana. The Company owns mineral property interests (which it has explored for commercial mineral deposits) on public and private lands in various states in the United States. OTCBB: DBRM Recent Price:$.13 |
| Current Projects |
 | Plateau Mineral Development, Inc. Announces Solar Collector Plateau Mineral Development, Inc., along with its partner, Plateau Mineral Development LLC, recently announced that the firm, in conjunction with MEI, is moving to secure several features of its improved solar collector. The unit, produced and installed in the early 1980s, is being upgraded with the inclusion of photo-voltaic capability. The unit acts as a concentrator under clear skies and as a flat plate when sunlight is diffused by dust or clouds. Additionally, a research and development plan and budget have been prepared to research means of enhancing the photo-voltaic output. | Plateau Mineral Development, Inc. Converts Tires Into Useful Carbon Credits Plateau Mineral Development, Inc., along with its partner, Plateau Mineral Development LLC, has announced that the firm, in conjunction with MEI and Environmental Solutions, has completed a design for a converter unit that will transform tires into carbon black, oil, gas and petroleum solvents. The fully operational converter is the size of a truck bed. Although the demonstration unit will not be a full-sized production unit, it will, nonetheless, display its capabilities for various customers and will most likely pay for itself in the process. |
| Company Overview |
Plateau Mineral Development, Inc. (OTC.PK: PMDP) 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. PMDP is exploring joint operations with gas well operators in the area near its compressor station leading to a tap into the East Tennessee Natural Gas (SPECTRA) main pipeline. The plans include completion of the pipeline and compressor station. We have three entities who are interested in joining PMDP, LLC with the project. All are experienced in the oil and gas field and are adequately funded. The company has acquired Evans Lease, a site boasting seven wells, four of which are high-pressured. Based on initial field reports and records, it was initially thought that only four wells would be commercial. Now Plateau has seven commercial wells with interconnecting pipeline already in place. This will save PMD approximately half of the 8500 ft of new pipeline initially thought to be needed. The firm has lined up a crew to work on extending the pipeline to 4,000 feet to tie the Evans wells into the main. Everything is in place and preliminary tests have been completed. More intensive tests will be done later this month to evaluate oil production and a variety of other things. The acquisition of the Evans Lease is a significant step forward for the company. The company is in the process of hammering out the details of a joint operating agreement with a currently unnamed leaseholder in possession of twelve wells that are all twenty feet or less from Plateau's line. This agreement to add wells to the pipeline would be of minimal cost to PMD, but would greatly increase the firm's production. The company is also in the midst of a variety of exciting projects involving bio-remediation and solar/wind energy. In addition, two new consultants have joined the team, one of which holds a PhD in environmental soil science and has over fifteen years' experience in the field. More information will be passed along as it becomes available. The company is also in the midst of a variety of exciting projects involving bio-remediation and solar/wind energy. In addition, two new consultants have joined the team, one of which holds a PhD in environmental soil science and has over fifteen years' experience in the field. More information will be passed along as it becomes available. The company has built a lab which is outfitted to test polluted soils. An extremely large number of polluted sites that require clean up exist across the country. Currently, there are no low-impact systems that work, and multitudes of site caretakers have been inquiring about possibilities. The lab is already proving to be a successful endeavor; trial remedial efforts with various micro-organisms have achieved nitrate reductions in excess of 90%. This, in turn, prevents algae blooms and signifies that the water is ready to be sent back into the natural streams. Efforts such as these can be used to retrieve phosphate-laden water and soil to be recycled in conjunction with the farming community. This "green" environmentally friendly system uses microbes and enzymes to clean up pollution in a wide variety of situations without the need to remove material for processing. Tests were performed on water contaminated with excessive amounts of nitrogen. The results portion of the lab report is due out within ten days. The technology portion will remain confidential. The construction of the lab and the resulting tests will create environmental credits for the water management districts in Florida. We are pleased to have access to such advanced technology which will aid us in being more environmentally sound by decreasing pollution and recycling valuable resources. Leadership Robert Matthews, CEO Dominic Martinez, Secretary Bill Strange, President |
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