Realm Energy International Corporation

Realm Energy International Corporation

June 16, 2010 09:00 ET

Realm Energy Announces Shale Concessions in Poland and Partnership With Source Energy Partners

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2010) - Realm Energy International Corporation ("Realm Energy" or the "Company") (TSX VENTURE:RLM) ( is pleased to announce it has been awarded three concessions in Poland. Collectively, the areal extent of these lands, held by the Company, is gross 635,541 acres (2,572 km2) and net 464,918 acres (1,881 km2). One concession, "Gniew", is held 100% by Realm Energy and the other two concessions "llawa" and "Wegrow" are held 50% by Realm Energy and 50% by Source Energy Partners ("SEP"), a Denver, Colorado based private shale company. All concessions are located in the Eastern European Craton, targeting natural gas in Silurian, Ordovician and Cambrian Shales. For more detailed information on the location of these concessions, please view the maps on Realm Energy's website

In the Baltic Depression, northern Poland, the Gniew concession, comprising 294,296 acres (1,191 km²), held 100% by Realm Energy, lays 70km south of Gdansk. The Company 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, 161,109 acres (652 km²) lays 134km south east of the city of Gdansk and is held 50% by Realm Energy and 50% by SEP. In connection with receiving Ilawa, Realm Energy and SEP 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/Talisman Energy Inc., Marathon Oil Corporation and Lane Energy/Conoco.

The Wegrow concession, 180,136 acres (729 km²), located in southeast Poland in the Podlasie Sedimentary Basin is held 50% by Realm Energy and 50% by SEP and lies approximately 70 km northeast of Warsaw. In connection with receiving Wegrow, Realm Energy and SEP 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.

Craig Steinke, Executive Chairman, comments on the SEP partnership. "SEP's senior executives have, in the past, demonstrated their ability to conduct highly efficient, low cost and profitable oil and gas operations in Europe. This history, in combination with a proven track record of building significant value in the Barnett and Fayetteville shales in North America, provides Realm with a valuable partner, well suited for proving substantial value through shale development in Europe."

About Source Energy Partners

Source Energy Partners is a private equity backed, well capitalized oil and gas enterprise focused on onshore Europe. The company 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. Through its capable technical and operational organization, the Source Energy team is dedicated to once-again creating substantial value for its investors, partners and the European countries it serves. 

About Realm Energy

Realm Energy International Corporation is a Canadian domiciled global energy company focused on driving the exploration and development of major shale plays throughout Europe and emerging countries. The Company is in the process of acquiring petroleum and natural gas rights in large contiguous tracts which it has identified as high potential, and is committed to leveraging the most advanced shale technology to bring these resources into production. 

Visit Realm Energy's website at


Craig A. Steinke, Executive Chairman

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" within the meaning of applicable Canadian provincial securities legislation. Forward-looking statements are necessarily based upon estimates and assumptions that, while considered by the Company's management to be reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; or delay or failure to receive regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law or the policies of the TSX Venture Exchange.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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