ATLANTA, March 25, 2008 (PRIME NEWSWIRE) -- OTC Stock Review announces that it has initiated coverage of Pluris Energy Group Inc. (OTCBB:PEYG) an international energy Company focused on building a portfolio of producing hydrocarbon assets in emerging Latin American countries. Pluris Energy Group Inc. recently entered the fast-growing South American oil market after winning the competitive bid purchase of 100% of the shares of San Enrique Petrolera, SA.
Additionally, Pluris Energy Group Inc. entered into an exclusive acquisition agreement to acquire from Clear, SRL up to 100% interest in Clear's Cerro Negro concession, located in the Golfo San Jorge Basin, Chubut Province, Argentina. When the transaction with Clear, SRL closes, Pluris Energy Group Inc. will boast production and significant leasehold assets comprising the 46,000 acre Cerro Negro concession.
Global oil prices have recently reached record levels as the demand for oil continues to rise; the dollar continues to fall to record lows; and OPEC refuses to raise production levels, insisting a U.S. recession will lower demand. Today's record oil prices give companies like Pluris Energy Group Inc. an unprecedented opportunity to accumulate significant producing, revenue-generating assets with upside development potential by way of the drill.
The complete report is available at http://www.otcstockreview.com/peyg.htm.
Additionally, more information on Pluris Energy Group Inc. is available at http://www.pluris.com.
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