Realm Energy Appoints Mr. Karl DeMong as Vice President, Operations
23 Mars 2011 - 11:00AM
Marketwired
Realm Energy International Corporation ("Realm Energy" or the
"Company") (TSX VENTURE: RLM) (www.realmenergy.ca) is pleased to
announce the appointment of Mr. Karl DeMong, P. Eng., as the
Company's Vice President, Operations. Mr. DeMong is a shale
drilling and completions operations specialist with over 20 years
of experience in oil and gas operations, engineering and new
technology applications. He also has extensive international
business and operations experience.
Directly prior to joining Realm Energy, Mr. DeMong was the
Completions and Well Services Manager at Apache Canada Ltd. where
he managed all of Apache's completions work in Canada, including
shale gas exploration, shale gas development, tight gas and liquids
and conventional oil and gas projects. Prior to this, Mr. DeMong
worked with the Apache team from early exploration of the Horn
River shale gas play in NE British Columbia, Canada, to lead the
first large scale "super pad" development with the completions of
16 wells from one location, concurrently with over 270 individual
frac intervals, all completed in less than four months. The project
was the largest scale completions operation undertaken in Canada,
up to that time.
Prior to Apache, Mr. DeMong initially served as Middle East and
Eastern Europe Multilateral Manager for Sperry-Sun Halliburton,
mainly based in Dubai, United Arab Emirates, where he specialized
in multilateral completions. Thereafter, he was promoted to Global
Multilateral Operations Manager where he provided technical support
for operations worldwide. During his tenure with Sperry-Sun
Halliburton, Mr. DeMong participated in the commercialization of a
number of multilateral junction prototype tools while under
challenging conditions. Through his efforts, several large-scale
multilateral projects were implemented to increase production rates
and reserves, and reduce development costs in the Middle East.
Mr. DeMong has worked on many other shale and tight gas and
liquids plays throughout North America. He has an extensive
background in drilling and completions and work-overs of
horizontal, multilateral and high tech wells, including High
Pressure High Temperature and Intelligent well applications.
Mr. DeMong has authored many Society of Petroleum Engineers
("SPE") papers and journal articles in the areas of multilateral
technology implementation, expandable tubular applications and
shale gas development. He has patents granted and pending in
multilateral technology and shale gas technology. His profile is
that of an innovator and creative problem solver. He graduated with
a BSc in Mechanical Engineering from the University of
Saskatchewan. He is a SPE member and a Professional Engineer in
Alberta, Canada (1993).
Craig Steinke, Chairman & CEO, says "As Realm Energy expands
operations throughout Europe, Mr. DeMong's specialized experience
in drilling and completing shale wells is a timely asset for the
Company. Mr. DeMong has established a solid track record as a
proven innovator in technically and environmentally challenging
shale plays, such as Canada's Horn River Basin. Applying industry's
latest developments in successfully completing multilateral wells
from a single drilling location provides a minimal footprint in
shale development. This achieves one of Realm Energy's major
objectives as the Company commences development of its European
shale portfolio."
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 & CEO
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 Energy 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 Energy on terms
that are acceptable to Realm Energy management, and the ability of
Realm Energy 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 Kevin Rathbun, Chief
Financial Officer 604.637.4974 ext. 33 info@realmenergy.ca
www.realmenergy.ca
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