Realm Energy builds European shale acreage

By OGJ editors
HOUSTON, Feb. 8
-- Realm Energy International Corp., White Rock, BC, is building a portfolio of shale gas and shale oil acreage in continental Europe, holding acreage in Poland and Germany and with more under application in other basins.

The company holds 465,000 net acres on two permits in the Baltic basin in northern Poland and one permit in the Podlasie basin in southeastern Poland. It is completing first-year work commitments that include a geologic assessment of existing log and seismic data and designing three seismic programs.

It holds 15,888 acres southwest of Hanover in the middle of Germany’s Lower Saxony basin where a regional geological study should be finished by the end of February. It targets two prospective organic rich shale units. Also, several wells had oil and gas shows in tight sandstones.

The company has applied for more than 2.4 million acres in two basins in France, of which 1.65 million acres are on nine exploratory permits in the Paris basin. Realm Energy is in discussions with an undisclosed integrated North American energy company and leading shale player to join it in developing the Paris basin shale oil play.

Realm Energy and Halliburton Consulting are evaluating shale gas and oil opportunities in other European basins. This subsurface work has resulted in additional, large-scale shale exploration opportunities in respect of which Realm Energy has either submitted or is in the process or submitting new exploration permit applications.

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