Realm Energy International Corporation

Realm Energy International Corporation

March 23, 2011 06:01 ET

Realm Energy Appoints Mr. Karl DeMong as Vice President, Operations

VANCOUVER, CANADA--(Marketwire - March 23, 2011) - Realm Energy International Corporation ("Realm Energy" or the "Company") (TSX VENTURE:RLM) ( is pleased to announce the appointment of Mr. Karl DeMong, P. Eng., as the Company's Vice President, Operations. Mr. DeMong is a shale drilling and completions operations specialist with over 20 years of experience in oil and gas operations, engineering and new technology applications. He also has extensive international business and operations experience. 

Directly prior to joining Realm Energy, Mr. DeMong was the Completions and Well Services Manager at Apache Canada Ltd. where he managed all of Apache's completions work in Canada, including shale gas exploration, shale gas development, tight gas and liquids and conventional oil and gas projects. Prior to this, Mr. DeMong worked with the Apache team from early exploration of the Horn River shale gas play in NE British Columbia, Canada, to lead the first large scale "super pad" development with the completions of 16 wells from one location, concurrently with over 270 individual frac intervals, all completed in less than four months. The project was the largest scale completions operation undertaken in Canada, up to that time.

Prior to Apache, Mr. DeMong initially served as Middle East and Eastern Europe Multilateral Manager for Sperry-Sun Halliburton, mainly based in Dubai, United Arab Emirates, where he specialized in multilateral completions. Thereafter, he was promoted to Global Multilateral Operations Manager where he provided technical support for operations worldwide. During his tenure with Sperry-Sun Halliburton, Mr. DeMong participated in the commercialization of a number of multilateral junction prototype tools while under challenging conditions. Through his efforts, several large-scale multilateral projects were implemented to increase production rates and reserves, and reduce development costs in the Middle East.

Mr. DeMong has worked on many other shale and tight gas and liquids plays throughout North America. He has an extensive background in drilling and completions and work-overs of horizontal, multilateral and high tech wells, including High Pressure High Temperature and Intelligent well applications. 

Mr. DeMong has authored many Society of Petroleum Engineers ("SPE") papers and journal articles in the areas of multilateral technology implementation, expandable tubular applications and shale gas development. He has patents granted and pending in multilateral technology and shale gas technology. His profile is that of an innovator and creative problem solver. He graduated with a BSc in Mechanical Engineering from the University of Saskatchewan. He is a SPE member and a Professional Engineer in Alberta, Canada (1993).

Craig Steinke, Chairman & CEO, says "As Realm Energy expands operations throughout Europe, Mr. DeMong's specialized experience in drilling and completing shale wells is a timely asset for the Company. Mr. DeMong has established a solid track record as a proven innovator in technically and environmentally challenging shale plays, such as Canada's Horn River Basin. Applying industry's latest developments in successfully completing multilateral wells from a single drilling location provides a minimal footprint in shale development. This achieves one of Realm Energy's major objectives as the Company commences development of its European shale portfolio."

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 presently has projects in Poland and Germany and is in the process of acquiring additional petroleum and natural gas rights in other European basins which have been identified as high potential. Realm Energy is committed to leveraging the most advanced shale technology to bring these resources into production. Visit Realm Energy's website at


Craig Steinke, Executive Chairman & CEO

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 include, but are not limited to statements with respect to the possible acquisition of rights to exploration lands that remain under application, the ultimate suitability of lands for drilling for gas development, and the possibility of Realm Energy entering into a joint venture to develop yet to be secured lands in the Paris Basin. 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; the delay or failure to receive regulatory approvals, including rights to lands under application, the characteristics and viability for gas development on lands that have yet to be fully explored and assessed, the willingness of third parties to conclude agreements with Realm Energy on terms that are acceptable to Realm Energy management, and the ability of Realm Energy to secure sufficient future funding to carry out all of its business plans. 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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