Building a Regional Oil and Gas Company
Park Place Energy lnc. is a Canadian based oil and gas company focused on building a portfolio of international production and exploration project in Turkey and Southeast Europe. The Company has oil and gas producing assets in Turkey and exploration properties in both Turkey and Bulgaria.
The main producing assets in Turkey are the 49% interest in an offshore gas development project called the South Akcakoca Sub-Basin (SASB). The SASB involved 19 wells drilled, four platforms, onshore facilities and infrastructure to bring the gas to market. Park Place also has about 19.6% interest in an onshore producing oil field.
The exploration properties consist of a large potentially 1 TCF of recoverable Coalbed Methane gas in Bulgaria and a highly prospective 105,797 acres of contiguous exploration blocks covering the northern extension of the prolific Iraq/Kurdistan Zagros Basin.
Park Place’s initial priority is the expansion of the SASB field during 2019 by re-drilling the undeveloped discovered gas pools from the existing platforms and placing them on production immediately and utilizing that cash flow to carry out exploration on the exploration blocks.
» Change of management at Park Place Energy INC.
» First Quarter 2017 Financial Results and Operations Update
» Post-acquisition Turkish operations yield positive results
» Acquisition of Turkish oil and gas production companies completed