Platina Energy Group, Inc. ("the Company"), a Delaware Corporation, was originally incorporated on January 19, 1988. The Company went through several previous unrelated transactions involving other businesses that have subsequently been divested. A further subsequent restructure of the Company on June 15, 2005 resulted in the name change to Platina Energy Group, Inc. As part of this restructure, the Company acquired technology representation rights and certain marketing licenses to a proprietary thermal pulsing pump which will be utilized in the oil and gas industry.
Subsequent to this endeavor with the TPU (Thermal Pulse Unit) technology, the Company initiated efforts in seeking possible acquisitions of oil and gas properties that in management's opinion would provide revenue and profit generating opportunities. Pursuant to management's goal of acquiring said properties, management identified several potential candidates and on October 12, 2006, the Company issued 3,600 shares of its Series C Preferred Stock in exchange for an option to acquire certain oil and gas leases in Lloyd and Briscoe Counties, Texas.
