Park Place Energy has engaged the services of a private petroleum engineering consulting firm. The engineering firm has been engaged to develop a work seismic program for Park Place's two Alberta Nordegg land sections.
Park Place has 100% interest in approximately 1280 acres of land acquired in the Alberta Landsales on July 16, 2008. The land is located within the Company's core exploration area surrounding its producing Eight Mile property in North Eastern British Columbia on the Alberta and British Columbia border.
The "Nordegg" Member is described as an organic-rich mudstone/marlstone that ranges from 15 to 30 m thick and extends over an area of 90,000 km sq in northeastern BC and adjacent parts of Alberta. The Nordegg is an important petroleum source rock in some areas and in other areas has gas shale potential.
Park Place Energy President and CEO David Johnson said, "Once completed the work seismic program will allow Park Place to find Joint Venture partners and move forward with the exploration of what could be a major Montney shale property."
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