Park Place Energy is an energy exploration company focused on European natural gas plays with game changing potential. Natural gas is a clean fuel which can be produced minimal environmental impact and is in high demand in Europe. The Company's activities are focused in the Dobroudja Basin, North East Bulgaria, where the Company has been granted an exploration license which covers 98,205 acres. The license is situated in the center of the Dobroudja Basin with major pipeline access nearby. The basin has been the subject of major exploration efforts over the past 30 years, with over 200 wells drilled for resource mapping and assessment during the communist era regime. Park Place anticipates drilling or re-entering a number of wells and plans to utilize modern technology to capture the gas potential of the basin. Park Place believes the area has a excellent potential to become a commercial gas field; Park Place will commence its exploration activities in 2014.