Realm Energy is in negotiations to acquire an additional European shale gas play. The company is collaborating with Halliburton Consulting in aggressively evaluating high potential shale deposits throughout Europe and select emerging countries.
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.
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