Park Place Energy Corp. Provides Details on Saskatchewan Property

OTCBB:PKPL

FRANKFURT: 3P2

VANCOUVER, Feb. 16 /PRNewswire-FirstCall/ - Park Place Energy Corp. ("Park Place" or "the Company") is pleased to provide shareholders with further details on the Saskatchewan Property announced February 8, 2010.

The property is located in western Saskatchewan, east of Lloydminster and consists of 80 acres of land. The area is known to produce heavy oil (12 degree API) from the Waseca sands of the Lower Cretaceous Mannville Group with the majority of the producing wells in the area ranging between 450 - 650 meters in depth.

Park Place Energy has also tendered a bid on a significant oil and gas Exploration and Development property within the European Union as announced February 3, 2010.

Park Place will update shareholders with information regarding the work program as developments occur.

About Park Place

Park Place Energy Corp. is a North American oil and gas exploration company that is participating in high impact shale gas opportunities. The Company has assets in North Western Alberta and Saskatchewan that it is committed to developing. As well Park Place is committed to the acquisition of additional blue-sky shale gas opportunities. Park Place's management is focused on optimizing profitability and enhancing shareholder value.

Certain information regarding the Corporation contained herein may constitute forward-looking statements. These statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Park Place believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied. The Corporation is under no obligation to update or alter any forward-looking statement. These risks include operational and geological risks, the ability of the Corporation to raise necessary funds for exploration and the fact that the Corporation does not operate all its properties. Park Place's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

SOURCE Park Place Energy Corp.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED