Platinum Energy Resources (OTC BB: PGRI, PGRIW), based in Houston, Texas, is seeking to acquire assets or operating businesses in the global oil and gas exploration and production industry. Platinum Energy anticipates aggressively building a portfolio of assets using multiple acquisitions subsequent to its first. Platinum Energy's strategy calls for the use of hedge financing to maximize profit and reduce risk resulting from volatile energy markets.

Platinum Energy was incorporated in April 2005 to acquire an operating business in the energy industry. Platinum Energy completed its initial public offering on October 24, 2005, receiving net proceeds of approximately $106 million through the sale of 14.4 million units of its securities at $8.00 per unit.

 On January 26, 2006, Platinum Energy entered into a merger agreement to acquire Tandem Energy Holdings, Inc. a independent oil and gas exploration and production company headquartered in Midland, Texas. The merger was completed on October 26, 2007.