One concession, ‘Gniew’, is wholly owned by Realm Energy and the other two concessions ‘llawa’ and ‘Wegrow’ are owned 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.
In the Baltic Depression, northern Poland, the Gniew concession, comprising 294,296 acres (1,191sqkm), 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 100km, 2D seismic program.
The llawa concession, 161,109 acres (652sqkm) 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 50km, 2D seismic program.
The Wegrow concession, 180,136 acres (729sqkm), 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 50km of new 2D seismic and a well commitment to a depth of 2,750mt within 3.5 years.
