Park Place Energy Corp (PKPL) 0.3000 $PKPL Upda
Post# of 273249
Update Regarding Acquisition of Turkish Oil and Gas Production Companies
Marketwire Canada - Fri Jun 17, 9:02AM CDT
DALLAS, TX--(Marketwired - June 17, 2016) - Park Place Energy Inc. (OTCQB: PKPL) ("Park Place" or the "Company" previously announced it had entered into an agreement to purchase three oil and gas exploration and production companies operating in Turkey. The "Tiway Companies" own interests in 3 producing oil and gas fields, one offshore and two onshore. The Tiway Companies report that year to date, production has averaged 434 BOE/D (barrels of oil equivalent per day). Approximately 75% of the production is gas (selling at above $7 per mcf) and 25% of the production is oil (selling at a slight discount to Brett).
Park Place Energy Corp. Announces Corporate Restructuring as Step in Growth Strategy
PRWeb - Fri Jul 31, 2:07AM CDT
Park Place Energy Corp. (OTCQB: PKPL) ("PPEC" or the "Company" announced its intention to undergo a corporate restructuring that will include the creation of a new parent Delaware holding company. The Company's Board of Directors believes that this action will strengthen the Company's infrastructure for future acquisitions, as we seek to grow the Company. The Company is actively seeking additional opportunities for growth, including acquisitions, farm-ins and new licenses.