January 8, 2010 (FinancialWire) — Plateau Mineral Development, Inc. (OTC: PMDP) has issued a statement concerning the natural gas that can be generated by the company’s converter.

Plateau’s converter will generate solvent, carbon black and natural gas. Six to eight percent of the total product load discharged by the converter is natural gas.

The company’s main goal is to use the natural gas to run a generator that will provide power to the pumps and compressors in the field, allowing for a stand-alone unit that needs no electrical power from the local grid to operate. This is a cost saving option when electric power may not be available in a remote site.

Alternatively, the gas could be commercially compressed into a pipeline and sold in the marketplace. Gas is currently selling for around $5.65 per MCF (NYMEX). However, at this time, Plateau has decided that it will continue to utilize the gas as a tool to lower operating costs by running the converter equipment in the field without the need for electrical power. This will allow the company to fully focus on marketing the converter’s other two end products, solvent and carbon black, which are most lucrative.

Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). Recently issued reports and filings include Weatherford International Ltd. (NYSE: WFT), UQM Technologies, Inc. (AMEX: UQM), Panhandle Oil and Gas, Inc. (NYSE: PHX), Encore acquisition Company (NYSE: EAC), Altius Minerals Corp. (TSX: ALS), PKC Group Oyj (PLUS: PKC1V) and Standard Life Investments European Private Equity Trust PLC (LSE: SEP) (PLUS: SEP).

FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/). Recently webcast company presentations, financial results & earnings calls now available include Rick’s Cabaret International, Inc. (NASDAQ: RICK) and Applied Signal Technology, Inc. (NASDAQ: APSG). Recordings are accessible via the search function at http://infoescrow.net/f/?u=http://www.investorcalendar.com by entering any company’s ticker symbol into the search field.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.