Realm Secures Further Investment

Realm Energy International has completed an additional $15 million (Cdn) financing to further development its oil and gas exploration concessions in Poland and Germany.

In October, Realm announced an initial $6 million (Cdn) financing with Quantum Partners LP,  a private investment fund managed by Soros Fund Management LLC.

Realm has been awarded three concessions in Poland on which it is targeting natural gas in Silurian, Ordovician and Cambrian shales. The company has also been awarded Aschen Concession in the Weser-Ems region in the Lower Saxony Basin, Germany.

Realm states that it is investigating gas and oil opportunities in a choice of organically rich shale plays in other European countries.

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Source: Realm Energy International