Realm Energy was featured in the Report on Business section of the January 13, 2011 issue of the Globe and Mail.
Chief Executive Officer Craig Steinke was interviewed by the national daily newspaper for an article discussing the tremendous shale gas potential of France’s Paris Basin and the revolutionary technologies being imported from the US and Canada to reach the resource.
Visit globeandmail.com or click the image below to read the full article.
Further to the January 26, 2010 news release, Realm Energy International Corporation (“Realm Energy”) (TSX-V:RLM) (www.realmenergy.ca) is pleased to announce negotiations on an additional European shale gas play.
Realm Energy recently entered into direct and exclusive negotiations for petroleum and natural gas rights with a European Government in which the Company has identified a potential large-scale shale gas opportunity. These lands cover an areal extent of over 182,000 hectares or 450,000 + acres. Consistent with most European countries, consideration for the award of these lands largely comprises a prudent work program over the life of the concessions. Management is working toward reaching final agreement on these lands in the near future, at which time more detailed information will be disclosed.
Realm Energy is collaborating with Halliburton Consulting (NYSE: HAL) in aggressively evaluating high potential shale deposits throughout Europe and select emerging countries. Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With more than 50,000 employees in approximately 70 countries, the company serves the upstream oil and gas industry throughout the life cycle 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.
Realm Energy has applied for oil and gas rights in multiple countries throughout Continental Europe. The applications were filed following a rigorous evaluation of high potential shale deposits throughout the continent and, if successful, will permit Realm Energy to bring North American technological advancements in shale gas and oil extraction to Europe.
Realm Energy is now concentrating on eight discrete sedimentary basins in seven European countries and submitted applications for oil and gas rights that collectively extend over 1.5 million acres of land. Realm Energy received confirmation of receipt from government bodies that its applications are under active consideration.
“After months of rigorous evaluation, confirmation that our applications are under active consideration is an important step toward our goal of acquiring oil and gas rights over significant lands containing high-potential shale formations,” said Craig Steinke, Executive Chairman. “We stand behind our extensive evaluation process and strongly believe that Realm Energy is positioned to maximize the possibility of favorable outcomes from these applications.”
SOURCE: Scandinavian Oil-Gas Magazine
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