From 2006 to 2010, we engaged in several exploration projects in the US, Canada and offshore. Park Place Energy Corp. held exploration interests in Tennessee, USA, several producing and non- producing properties in the provinces of British Columbia and Alberta, including conventional oil and oil sands lands, as well as offshore oil exploration block in the North Sea.
In 2009 and 2010, we disposed of all but one of our North American projects to refocus our exploration efforts.
In 2010, we revamped our business strategy to focus on obtaining European exploration properties for both conventional and unconventional gas (shale, tight gas and coal bed methane). In November of 2010, we were awarded an exploration permit for the Vranino 1-11 block by the Bulgarian Counsel of Ministers, after the bidding competition which began in early 2010.
Park Place’s shares are presently traded on the US OTC under the symbol PKPL and the Frankfurt exchange as 3P2.
Park Place Energy Corp is incorporated in the State of Nevada, USA and has offices in Santa Monica, CA, Vancouver, Canada and Sofia, Bulgaria.
Its subsidiary Park Place Energy (Canada) Inc. is incorporated in Canada and has previously held and developed its Canadian oil and gas properties.
Its subsidiary Petro Bulgaria Inc. is incorporated in Bulgaria for the purposes of developing the Vranino 1-11 oil and gas resources.