Park Place Energy Corp. is pleased to announce that the bid announced on February 3, 2010 has been successfully granted to the Company.
The Bulgarian Prime Minister, Bioko Borisov, and Head of the Council of Ministers, Rosen Zhelyazkov, have published the Council of Ministers decision to grant the exploration and prospecting permit for crude oil and natural gas to Park Place Energy Corp for Plot 1 - 11 Vranino in the State Gazette, Issue 80 on 12 October, 2010. As outlined in the announcement the Vranino Blocks cover 397.42 Sq Km (39,420 Hectares or 98,204 Acres).
This decision is subject to appeal from other participants in the original competitive bid for 14 days from the date it was published in the State Gazette.
Park Place will provide further information on the property and an update on the process at that point.
About Park Place
Park Place Energy Corp. is a North American oil and gas exploration company that is participating in high impact gas opportunities. The Company has assets in Saskatchewan that it is committed to developing. As well Park Place is committed to the acquisition of additional blue-sky shale gas opportunities. Park Places management is focused on optimizing profitability and enhancing shareholder value.
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