Realm Energy International Corporation (TSX-V: RLM) has announced negotiations for an additional European shale gas play. Realm recently entered exclusive negotiations for petroleum and natural gas rights with a European Government in which the company identified a potentially large scale shale gas opportunity.
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The lands cover over 182,000 hectares. Consideration for the properties comprises largely of a prudent work program over the life of the concessions. The company's management is working to reach a final agreement for these lands in the near future.
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.
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