PMDP Plateau Mineral Development

[mickymoose99]

Plateau Mineral Development, Inc. Announces LOI with Hansen Consulting to Facilitate the Production of up to 30 Million Barrels of Previously Unproductive and Uneconomical 'Heavy Crude' Oil
Press Release
Source: Plateau Mineral Development, Inc.
On 9:06 am EST, Wednesday December 9, 2009
Buzz up! 0 Print.Companies:Plateau Mineral Development, Inc.
WINSTON-SALEM, N.C., Dec. 9 /PRNewswire-FirstCall/ -- Plateau Mineral Development, Inc. (Other OTC: PMDP - News), along with its partner, EnSol, LLC, announced today 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 Process created by Mr. William Strange, current President of PMD, creates a "solvent" that facilitates the "lifting" of heavy crude oil. Application of the "solvent" reduces the friction, API gravity and viscosity of the oil causing the oil to flow freely in the wellbore. Tests run on a Woodbine well in East Texas have showed remarkable results.

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Symbol Price Change
PMDP.PK 0.0010 0.0000


{"s" : "pmdp.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} Hansen Consulting has acquired several proprietary mechanical, chemical and other processes representing new technologies and is currently testing some of the reservoirs. More than 30 million barrels of oil in proven reserves in the Trinity Sands and Paluxy formations in Texas are available and currently cost prohibitive. These reserves will become profitable with the solvent produced by the Hydrocarbon Decomposition Process. Hansen estimates that the 30 Million barrels in the formations that are available and sellable at current prices can produce $2.200 billion in general revenue with $840 million in gross revenue remaining for the joint venture. According to Mr. Hansen, "We have been successful in locating studies conducted by Universities in Texas, Oklahoma, Missouri, Kansas and Colorado in the past few years of logs and salient data. These studies show that many fields have 70% or more of the original oil in place, but due to specific API gravity or other 'lifting' conditions, are uneconomical to recover at the present time."

Plateau's President, Bill Strange states, "The solvent has been shown to be cost effective to reduce the cost of lifting 'heavy oil' by an amount of at least $20 plus per barrel. 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.

Safe Harbor Statement: This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. When used in this release, words such as "estimate," "expect," "anticipate," "projected," "planned," "forecasted" and similar expressions are intended to identify forward-looking statements, which are, by their very nature, no guarantees of Plateau's future operational or financial performance, and are subject to risks and uncertainties. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Due to the risks and uncertainties, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

[GreenGiant]

PMDP.....With 2 technical indicators looking positive, the MACD and RSI, and the short term uptrend it is in keep an eye for PMDP to continue trending higher

[mickymoose99]

Plateau Mineral Development, Inc. Introduces the Hydrocarbon Decomposition Process Used for 'Heavy Oil' Reclamation

WINSTON-SALEM, N.C., Dec 10, 2009 /PRNewswire-FirstCall via COMTEX/ -- Plateau Mineral Development, Inc. (Pink Sheets: PMDP), 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.

[mickymoose99]

PMDP

Looks good right out of the box

+ 12.50% on the up tick

RSI LINE @ 47.77 heading upwards

MAC D approaching the signal

Showing Positive diversion

Keep your eye on it

Looks like one to watch

[johnnyapplestock43]

RSI strong and rising at 47.77

(PMDP)Daily dipping at .0009

Mac D already on its way up!

Lots of good PR, looks like its off to a good start.

Yesterday: "Plateau Mineral Development Inc. Introduces the Hydrocarbon Decomposition Process Used for 'Heavy Oil'Reclamation,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."

Good luck!

[mickymoose99]

PMDP

Friday + 12.50% closed in the green on the up tick

RSI LINE @ 47.77 spiking up

MAC D showing positive diversion

Slope positive

closed 0.00090
The stock held and rallied from $0.0008. This was support for 11 trading days in Nov. With the MACD crossing to the upside and the RSI rising imo there could be a rally to $0.0011- 0.0014

[johnnyapplestock43]

PMDP

RSI: 44.89
Daily: .0008
MACD: Steady

Reviewing the charts collectively, this month looks like its having a similar turn out to the one we saw in the last 5 weeks. It's on a dip, and the interesting part is that its just about to reach the point in which it turned last week. It's a good time to keep your eyes pealed and wait for the spike.

Good Luck,

[ddblock808]

closed yesterday with a huge bid side at 7/2, .0006/.0007. looks to me like we can see some big bounce at the gun.

[mickymoose99]

PMDP

Yesterday traded down to and rallied from the 200 day moving average, last time stock traded at that price (0.0006) it rallied nicely to 0.0015, wich is through the current 50 day moving average (0.0010) looking for stock to trade in this range until it makes it's next move


RSI LINE @41.29 starting to curve upwards

Mac D running even

I believe we will go will see some price appreciation today

[mr_fanstockstic]

Good morning traders,

PMDP - SharpCharts Workbench : StockCharts.com

PMDP is in high demand at the moment!

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