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PMDP, Plateau Mineral Development, Inc., PMDP.PK

PMDP specializes in the exploration and development of energy sources. PMDP's 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 reported that the acquisition of Matthews Energy Investments (MEI) has been completed. All documentation has been signed, giving PMDP the rights to MEI's properties and assets.

Matthews Energy Investments (MEI) is a development management company that receives income from successful 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.

Check these numbers out:

With the acquisition of the 28 income-producing gas wells from MEI, PMDP's projections are:

Each additional well is expected to produce a minimum of one barrel of oil per day without rework. There are approximately 26 production days per month, and each barrel is currently worth $60. Therefore, each well can produce an income stream of around $1,560 per month. The additional revenue total comes out to approximately $36,000 per month or $900,000 per year. When combining the new wells, in addition to the existing owned 29 wells, PMDP will have a total of 51 producing wells. With a minimal rework of some of these wells, the return can dramatically increase. MEI's revenue stream is expected to generate around $1,000,000 per year.

So, keep a close eye on PMDP from now on!!!

More about PMDP at www.plateaumineral.net