Realm Energy Provides Corporate Update
07 Février 2011 - 5:24PM
Marketwired
Realm Energy International Corporation ("Realm" or the "Company")
(TSX VENTURE: RLM) (www.realmenergy.ca) Realm is on course in
developing its diversified shale gas and shale oil portfolio in
Continental Europe. The Company currently holds exploration permits
in Poland and Germany, and has significant acreage under
application in numerous, discrete European sedimentary basins.
Poland
In Poland, Realm presently holds 635,000 gross acres (465,000
net) under three exploration permits. Two of these exploration
permits are located in the Baltic Basin, northern Poland and one is
located in the Podlasie Basin, southeast Poland. The Company is
completing the first year work commitments which include a geologic
assessment of existing log and seismic data. As well, Realm is
designing three seismic programs in order to assist in identifying
optimum prospective drilling locations.
Germany
Realm currently holds 15,888 acres located in the middle of the
Lower Saxony Basin ("LSB"), southwest of Hanover. The Company is
conducting a regional geological study of the LSB that should be
concluded by the end of February 2011. There are two prospective
organic rich shale units in the LSB that Realm is targeting in this
investigation. There are also several wells with significant oil
and gas shows in tight sandstones that are also being examined.
France
Realm has in excess of 2.4 million acres in two discrete
sedimentary basins under application in France. Of the 2.4 million
acres under application, 1.65 million acres, structured through
nine separate exploration permits, are in the Paris Basin.
Realm is currently in discussions with an integrated North
American energy company and leading shale player to join the
Company in developing the Paris Basin shale oil play. Among other
issues, finalizing this joint venture arrangement is subject to the
final award by French governmental authorities of exploration
permits.
Other European Sedimentary Basins
In collaboration with Halliburton Consulting, Realm is immersed
in an ongoing technical evaluation of new shale gas and shale oil
opportunities in other European sedimentary basins. This in-depth
subsurface work has resulted in additional, large-scale shale
exploration opportunities in respect of which Realm has either
submitted or is in the process or submitting new exploration permit
applications.
About Realm Energy
Realm Energy International Corporation is a Canadian domiciled
global energy company focused on driving the exploration and
development of major shale plays throughout Europe and emerging
countries. The Company presently has projects in Poland and Germany
and is in the process of acquiring additional petroleum and natural
gas rights in other European basins which have been identified as
high potential. Realm Energy is committed to leveraging the most
advanced shale technology to bring these resources into production.
Visit Realm Energy's website at www.realmenergy.ca.
REALM ENERGY INTERNATIONAL CORPORATION
Craig Steinke, Executive Chairman
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
news release includes certain "forward-looking statements" within
the meaning of applicable Canadian provincial securities
legislation. Forward-looking statements include, but are not
limited to statements with respect to the possible acquisition of
rights to exploration lands that remain under application, the
ultimate suitability of lands for drilling for gas development, and
the possibility of Realm entering into a joint venture to develop
yet to be secured lands in the Paris Basin. Forward-looking
statements are necessarily based upon estimates and assumptions
that, while considered by the Company's management to be
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and
social uncertainties; the delay or failure to receive regulatory
approvals, including rights to lands under application, the
characteristics and viability for gas development on lands that
have yet to be fully explored and assessed, the willingness of
third parties to conclude agreements with Realm on terms that are
acceptable to Realm management, and the ability of Realm to secure
sufficient future funding to carry out all of its business plans.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law or the policies of the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Media Contact: Curve Communications Brian Paterson
604.684.3170 ext. 102 / C: 778.319.4165
brian@curvecommunications.com Investor Relations: Contact Financial
Keir Reynolds 604.689.7422 keir@contactfinancial.com Corporate
Enquiries: Realm Energy International Corporation Kevin Rathbun,
Chief Financial Officer 604.637.4974 ext. 33 info@realmenergy.ca
www.realmenergy.ca
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