May 05

Realm Energy to Commence Exploration Activities in Poland

By Curve Realm Energy No Comments »

FOR IMMEDIATE RELEASE

Canada, May 5, 2011 – Realm Energy International Corporation (“Realm Energy” or the “Company”) (TSX-V:RLM) (www.realmenergy.ca) announces that it is commencing exploration activities in Poland.

Leading Realm Energy’s Polish exploration is Mike Mullen, Chief Operating Officer (COO), and Karl DeMong, VP Operations, both of whom have considerable experience in pioneering major new shale plays in North America which have been developed into large-scale commercial operations. The primary targets in Poland are the multiple shale formations within the lower Silurian, Ordovician and Cambrian geological periods. In the process of evaluating these organic rich shale intervals, Realm Energy is proceeding with a regional geological study in confluence with new and existing seismic data.

As a result of meetings with local community leaders, assessing surface topography and concession surface area limitations, Realm Energy’s initial assessment of its lands accessible by modern horizontal drilling techniques on the Company’s 100% Gniew license comprise up to 91%, or 267,809 acres of the Company’s total acreage of 294,296.

The Company is now designing seismic programs on its lands, and expects to shoot in aggregate 150km of 2D seismic once the necessary permits have been granted and locations have been scouted.  In addition, Realm is currently reprocessing 470 km of existing seismic data.

With Realm Energy’s cash position of approximately $26.5 million, the Company intends to move forward with drilling programs on its substantial acreage positions once seismic surveys have been completed and potential well locations determined. Importantly, seismic acquisition and drilling activities for the exploration wells are being arranged to work within a period that respects a commitment to environmental responsibility, work closely with the local stakeholders, and take economic advantage of equipment and service availability in the region.

Mike Mullen, COO, commented “We are commencing our own exploration program in the heart of Poland’s Baltic Silurian shale play.  With all the drilling activity that is occurring around our license areas in Poland, it is the ideal time for us to move up our development schedule and begin our seismic acquisition program that will help us select drilling locations in preparation for the drilling of our first well.”

Polish Sedimentary Basins
Under three separate licenses, Realm holds 635,541 gross acres (2,572 km2) and 464,918 net acres (1,881 km2) in Poland.  The largest license, “Gniew”, located in the Baltic basin is held 100% by Realm Energy and covers 294,296 acres (1,191 km²).  Two other licenses, “llawa”, also located in the Baltic basin, and “Wegrow”, located in the Podlasie basin, cover 161,109 acres (652 km²) and 180,136 acres (729 km²) respectively, and are held 50% by Realm Energy. For more detailed information on the location of these concessions, please view the maps on Realm Energy’s website at www.realmenergy.ca.

Other European Sedimentary Basins
In collaboration with Halliburton Consulting, Realm Energy has targeted additional shale resource opportunities in eight separate sedimentary basins throughout Europe. These shale plays comprise approximately 4.4 million acres of exploration permits, which are currently under government application.

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

Media Contact: Brian Paterson, Curve Communications
T: 604.684.3170 ext. 102 / C: 778.319.4165 / brian@curvecommunications.com

Investor Relations: Keir Reynolds, Contact Financial
T: 604.689.7422 / keir@contactfinancial.com

Corporate Enquiries:  Kevin Rathbun, Chief Financial Officer
T: 604.637.4974 ext. 33 / info@realmenergy.ca

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Feb 16

Oil Giants Head to Europe for Shale Gas

By Trevor J. Murphy shale gas in Europe No Comments »

Oil giants and explorers are jumping into the race to search for shale gas potential in Europe and commit to what analysts at Bloomberg are calling a “buoyant market.”

JPMorgan Chase & Co reported this week that Exxon Mobil has secured land in Europe, acquiring shale plays in Germany and Hungary, and has also applied for permits in Poland. Other companies like ConocoPhillips and Chevron are also exploring options in Poland, while Royal Dutch Shell has garnered contracts in Sweden. Other companies such as Vancouver-based Realm Energy have also made recent announcements of their intent to explore Europe’s shale potential (read “Realm Energy Makes Aggressive Play for European Shale Gas Deposits”).

Mark Greenwood, a Sydney-based analyst with JPMorgan, says the success of the US shale plays is driving companies overseas.

“A land-grab has occurred in Europe over the last two years with majors such as Exxon, Conoco, Chevron and Statoil ASA all participating, not willing to miss out as they did in the U.S.,” he says.

The International Energy Agency said in November the world may have an “acute glut” of gas in the next few years because production of so-called unconventional fuel, which includes shale gas, is set to rise 71 percent between 2007 and 2030.

Over the past three years, the development of technology to exploit shale gas and the boom in US shale success has led to major mergers and acquisitions between oil and gas companies, says Bloomberg.

A report by Wood Mackenzie Consultants Ltd. in the UK said overseas investment by national oil companies doubled from 2008 levels to $26 billion and accounted for 44 percent of spending outside North America.

Another analysis of shale gas done by Allen Brooks of Parks, Paton, Hoepfl & Brown anticipates that this unconventional gas is “likely to present a challenge for the market in 2010.”

SOURCES:
Bloomberg: “Exxon, Chevron ‘Land Grab’ for Europe Shale Gas, JPMorgan says”
Business Week: “Mergers in Oil, Gas Seen ‘Buoyant’ in 2010 by Wood Mackenzie”
Gerson Lehrman Group: “Excellent Analysis of Gas Shales Capabilities; Benefits and Problems for 2010”

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