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Filing Details

Accession Number:: 0000914121-10-000530
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-01-27 12:00:00
Reporting Period:: 2010-01-19

Filing Date:: 2010-01-27
Accepted Time:: 2010-01-27 21:41:26
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1329605	Platinum Energy Resources Inc	PGRI	Crude Petroleum & Natural Gas (1311)	141928384

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1429082	Syd Ghermezian	9440 West Sahara Avenue, Suite 240 Las Vegas NV 89117		No	No	Yes	No
1465409	Pacific International Group Holdings Llc	9440 West Sahara Avenue, Suite 240 Las Vegas NV 89117		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2010-01-19	90,707	$0.50	11,246,420	No	4	P	Direct
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2010-01-19	90,707	$0.50	11,246,420	No	4	J	Indirect	See footnotes
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2010-01-25	178,572	$0.50	11,246,420	No	4	P	Direct
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2010-01-25	178,572	$0.50	11,246,420	No	4	J	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	J	Indirect	See footnotes
No	4	P	Direct
No	4	J	Indirect	See footnotes

Footnotes

This is a joint filing by Pacific International Group Holdings LLC ("Pacific") and Syd Ghermezian (collectively, the "Reporting Persons"). (continued in footnote 2)
(continued from footnote 1) On January 19, 2010 the Reporting Persons' tender offer to purchase common stock, par value $0.0001 per share (the "Common Stock"), of Platinum Energy Resources, Inc., a Delaware corporation, at $0.50 per share (the "Tender Offer") expired. Holders of 90,707 shares of Common Stock tendered into the Tender Offer before its expiration. As such, Pacific may be deemed to be the beneficial owner of such shares of Common Stock. (continued in footnote 3)
(continued from footnote 2) On January 25, Pacific entered into an Agreement with Lance Duncan and entities controlled by Lance Duncan (collectively, "Duncan") to acquire 178,572 shares of Common Stock currently owned by Duncan at $0.50 per share, without any conditions precedent (the "Duncan Agreement"). As such, Pacific may be deemed to be the beneficial owner of such shares of Common Stock. (continued in footnote 4)
(continued from footnote 3) The ultimate economic interest in Pacific is held by certain members of the Ghermezian family through their direct or indirect ownership of various entities that own Pacific. Syd Ghermezian is the Manager of Pacific. As such, Mr. Ghermezian may be deemed to be the indirect beneficial owner with shared voting and dispositive power of the shares of Common Stock that Pacific may be deemed to directly beneficially own. Therefore, Mr. Ghermezian may be deemed to be the indirect beneficial owner with shared voting and dispositive power of the 90,707 shares of Common Stock tendered into the Tender Offer and the 178,572 shares of Common Stock that Pacific agreed to acquire pursuant to the Duncan Agreement. (continued in footnote 5)
(continued from footnote 4) Pacific and Mr. Ghermezian may be regarded as a group. However, Pacific and Mr. Ghermezian disclaim beneficial ownership of the securities owned directly or indirectly by each other, except for their respective pecuniary interests therein. Pacific and Mr. Ghermezian also disclaim membership in any group. This filing shall not constitute an acknowledgement that either Pacific or Mr. Ghermezian is part of any group.