Realm Announces Concessions In Poland, Partnership with Source

Realm Energy International Corp. had announced it has been awarded three concessions in Poland, collectively  representing 635,541 acres (2,572 km2) gross and 464,918 acres (1,881 km2) net.

All concessions are located in the Eastern European Craton, targeting natural gas in Silurian, Ordovician and Cambrian Shales.

The 'Gniew concession' in the Baltic Depression, northern Poland, comprises 294,296 acres (1,191 km²) and lays 70km south of Gdansk.  The concession is held 100% by Realm, which has committed to an exploration program that at a minimum, requires reprocessing existing seismic data and conducting a new 100 km, 2D seismic program.

The' llawa concession', comprising 161,109 acres (652 km²), lays 134km south east of the city of Gdansk and is held 50% by Realm and 50% by Source Energy Partners. Realm and Source have committed to an exploration program that, at a minimum, requires reprocessing existing seismic data and conducting a new 50 km, 2D seismic program.

Lands contiguous to Gniew and llawa are expected to undergo significant shale gas exploration activity in the near term. Some of the industry players holding adjoining lands include San Leon Energy Plc and Talisman Energy Inc., Marathon Oil Corporation and Lane Energy and ConocoPhillips.

The Wegrow concession comprising 180,136 acres (729 km²), is located in southeast Poland in the Podlasie Sedimentary Basin, approximately 70 km northeast of Warsaw.  The concession is held 50% by Realm and 50% by Source. In connection with receiving Wegrow, Realm and Source have committed to an exploration program that at a minimum, requires conducting 50 km of new 2D seismic and a well commitment to a depth of 2,750 meters within 3.5 years.

The Silurian shales may lie at optimal depths for maturity and natural gas recovery, with TOC (Total Organic Carbon) measured by the Polish Geological Institute ranging from 1% to 17%. Lands contiguous to Wegrow, have recently been licensed for hydrocarbon exploration by Exxon Mobil Corp., EurEnergy Resources Corporation and Cuadrilla Resources Holding Ltd.

Source Energy Partners
 is a private equity Colorado based oil and gas enterprise focused on onshore Europe. Source is led by Mr. Paul Favret and Mr. Jerry Sommer who have a proven track record of building significant value in oil and gas opportunities all over the world.

Source: Realm Energy