Realm Energy & Halliburton Evaluate and Rank Shale Plays in Emerging Markets
31 Mai 2011 - 3:00PM
Marketwired
In an effort to accelerate shale gas development, Realm Energy
International Corporation ("Realm Energy" or the "Company") (TSX
VENTURE: RLM) has contracted Halliburton's Consulting and Project
Management team ("Halliburton") (NYSE: HAL) to work with Realm
Energy to significantly expand the technical evaluation and ranking
of the highest-potential shale deposits found in emerging
prospective basins globally.
Realm Energy and Halliburton Consulting began their
collaboration in 2009 with an emphasis on European basins. During
this initial effort, Realm Energy, supported by Halliburton,
targeted ten discrete sedimentary basins in four European countries
for evaluation. The collaboration identified key prospect trends
and Realm successfully acquired 650,000 gross acres and has 4.4
million acres under government application of contiguous tracts of
land over significant shale resources.
"Realm Energy is now moving into an operational phase with our
European leasehold and will contract with Halliburton to leverage
their extensive shale-development knowledge, gained from their
significant presence in the North American market," said Realm
Energy Chairman, Craig Steinke. "We could not have achieved the
quality of our European portfolio without the help of Halliburton's
consulting organization; this is why we have expanded our
collaboration to assess and rank shale resources globally."
"Halliburton has developed a rigorous and efficient approach to
the assessment, appraisal and development of shale plays, based on
our extensive experience in North America," said Paul Koeller, Vice
President of Halliburton Consulting and Project Management. "Our
work with Realm on the European shale plays has significantly
increased our knowledge base for unconventionals and we look
forward to working with Realm Energy at the global level."
About Halliburton
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
more than 60,000 employees in approximately 80 countries, the
company serves the upstream oil and gas industry throughout the
lifecycle of the reservoir - from locating hydrocarbons and
managing geological data, to drilling and formation evaluation,
well construction and completion, and optimizing production through
the life of the field. Visit the company's website at
www.halliburton.com.
About Realm
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 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: Investor Relations Realm Energy International
Corporation Keir Reynolds, Director of Investor Relations
778.998.9242 keir@realmenergy.ca Corporate Enquiries Realm Energy
International Corporation Kevin Rathbun, Chief Financial Officer
604.637.4974 ext. 33 info@realmenergy.ca www.realmenergy.ca Media
Contact Curve Communications Brian Paterson 604.684.3170 ext. 102
or Mobile: 778.319.4165 brian@curvecommunications.com
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