Realm Energy is on course in developing its diversified shale gas and shale oil portfolio in Continental Europe. The company currently holds exploration permits in Poland and Germany, and has significant acreage under application in numerous, discrete European sedimentary basins.
Poland
In Poland, Realm presently holds 635,000 gross acres (465,000 net) under three exploration permits. Two of these exploration permits are located in the Baltic Basin, northern Poland and one is located in the Podlasie Basin, southeast Poland. The company is completing the first year work commitments which include a geologic assessment of existing log and seismic data. As well, Realm is designing three seismic programs in order to assist in identifying optimum prospective drilling locations.
Germany
Realm currently holds 15,888 acres located in the middle of the Lower Saxony Basin ("LSB"), southwest of Hanover. The company is conducting a regional geological study of the LSB that should be concluded by the end of February 2011. There are two prospective organic rich shale units in the LSB that Realm is targeting in this investigation. There are also several wells with significant oil and gas shows in tight sandstones that are also being examined.
France
Realm has in excess of 2.4 million acres in two discrete sedimentary basins under application in France. Of the 2.4 million acres under application, 1.65 million acres, structured through nine separate exploration permits, are in the Paris Basin.
Realm is currently in discussions with an integrated North American energy company and leading shale player to join the company in developing the Paris Basin shale oil play. Among other issues, finalizing this joint venture arrangement is subject to the final award by French governmental authorities of exploration permits.
Other European Sedimentary Basins
In collaboration with Halliburton Consulting, Realm is immersed in an ongoing technical evaluation of new shale gas and shale oil opportunities in other European sedimentary basins. This in-depth subsurface work has resulted in additional, large-scale shale exploration opportunities in respect of which Realm has either submitted or is in the process or submitting new exploration permit applications.
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