Realm Energy International Corporation
TSX VENTURE : RLM

Realm Energy International Corporation

May 17, 2010 09:01 ET

Realm Energy Is Awarded Shale Concession in Germany

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 17, 2010) - Realm Energy International Corporation ("Realm Energy" or the "Company") (TSX VENTURE:RLM) (www.realmenergy.ca), is pleased to announce it has been awarded the Aschen Concession in the Weser-Ems region in the Lower Saxony Basin, Germany. The Aschen concession, 100km west of Hanover, covers an area of 15,888 acres and contains two mature, organically rich shale formations and several partially appraised oil and gas fields. 

Primarily, Realm Energy intends to target the two organically rich shale oil and gas resource plays, the Lower Cretaceous "Wealden Shale" and the Lower Jurassic "Posidonia Shale." Both shales appear to be mature for oil/gas in the area and may also exhibit desirable overpressures. Secondarily, the Company will focus on conventional zones which are likely under appraised in the Diepholz and Bollermoor oil discoveries and the Aschen sweet gas field.

The concession has been awarded to Realm Energy, the sole permit holder, by the Lower Saxony Mining Authority for an initial period of three years. The Company will proceed in securing the extensive dataset available on these lands. To date, a total of 21 wells have been drilled on the licence, mainly in the 1950s/60s, targeting oil in Cretaceous and Jurassic formations at depths of 1-2,000 meters. The dataset includes data from all 21 wells, extensive 2D seismic, blanket 3D seismic and 182 cores. 

Proximal to the Aschen concession, partially on contiguous lands, a Multi-National, the dominant player in the area, has recently drilled various wells in the Lower Saxony Basin, some of which are believed to have targeted these shale resource plays.

"In collaboration with Halliburton's European and North American shale teams during the last year, Realm Energy has been immersed in a thorough technical analysis of European shale oil and gas resource plays. As a result, the Company has now submitted hydrocarbon concession applications on over 2.5 million high-graded acres, said Craig A. Steinke, Executive Chairman. "It is anticipated the Aschen concession is the first of numerous concessions to be awarded to Realm Energy over the next three quarters. Although lesser in areal extent, relative to other concessions Realm Energy is involved in, the Aschen concession has many desirable characteristics, including a good base of pipeline infrastructure, an extensive dataset and multiple organically rich and mature shale formations. Once we have acquired the dataset, Realm Energy looks forward to embarking on an exploration plan in this proven petroleum system."

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 www.realmenergy.ca.

REALM ENERGY INTERNATIONAL CORPORATION

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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