Realm Commences Exploration on Polish Shales
Realm Energy International Corporation announces that it is commencing exploration activities on its Poland concessions.
The primary targets are the multiple shale formations within the lower Silurian, Ordovician and Cambrian geological periods. In the process of evaluating these organic rich shale intervals, Realm is proceeding with a regional geological study in confluence with new and existing seismic data.
As a result of meetings with local community leaders, assessing surface topography and concession surface area limitations, Realm's initial assessment of its lands accessible by modern horizontal drilling techniques on the Company's 100% Gniew license comprise up to 91%, or 267,809 acres of the Company's total acreage of 294,296.
The Company is now designing seismic programs on its lands, and expects to shoot in aggregate 150km of 2D seismic once the necessary permits have been granted and locations have been scouted. In addition, Realm is currently reprocessing 470 km of existing seismic data.
Realm intends to move forward with drilling programs on its substantial acreage positions once seismic surveys have been completed and potential well locations determined. Importantly, seismic acquisition and drilling activities for the exploration wells are being arranged to work within a period that respects a commitment to environmental responsibility, work closely with the local stakeholders, and take economic advantage of equipment and service availability in the region.
Mike Mullen, COO, commented "We are commencing our own exploration program in the heart of Poland's Baltic Silurian shale play. With all the drilling activity that is occurring around our license areas in Poland, it is the ideal time for us to move up our development schedule and begin our seismic acquisition program that will help us select drilling locations in preparation for the drilling of our first well."
Source: Realm Energy International