Park Place Energy announces that on July 17, 2017, Scott C. Larsen resigned as President and CEO of the Company and as a Director from the Board of Directors. In addition, on that same date, the following officers resigned their positions: Chas Michel resigned as Chief Financial Officer, David Campbell resigned as Vice President-Exploration and Francis M. Munchinski resigned as Corporate Secretary and Treasurer. Each of [...]
Park Place Energy reported the financial results for the quarter ended March 31, 2017 and provides an operations update. Park Place successfully completed acquisition of the Tiway companies which included interests in three producing oil and gas fields in Turkey in mid-January 2017.
Park Place Energy acquired interests in three producing oil and gas fields in Turkey in a transaction that closed January 18, 2017. The primary asset in the acquisition is the offshore production license called the South Akcakoca Sub-Basin. The SASB license is located off the north coast of Turkey towards the western end of the Black Sea in water depths ranging from 60 to 100 meters. Within the license are four producing [...]
Park Place Energy is pleased to announce it has now completed the acquisition of three oil and gas exploration and production companies operating in Turkey. As previously reported, the purchase price for the acquisition of the Tiway Companies from Tiway Oil B.V. was $2.1 million. It took over a year to obtain all the required regulatory approvals for the transaction. As a result of the acquisition of the Tiway Companies [...]
DALLAS, TX--(Marketwired - December 16, 2016) - Park Place Energy Inc. (OTCQB: PKPL) ("Park Place" or the "Company") announces that closing of the acquisition of the "Tiway Companies", consisting of three oil and gas exploration and production companies operating in Turkey, will occur prior to mid-January 2017. While the parties are endeavoring to close the transaction before year end, due to logistical difficulties in [...]
DALLAS, TX--(Marketwired - November 29, 2016) - Park Place Energy Inc. (OTCQB: PKPL) ("Park Place" or the "Company") has received the final regulatory approval to purchase three oil and gas exploration and production companies operating in Turkey owned by Tiway Oil BV ("Tiway"). With all required regulatory approvals now in hand, the Company and the seller are now working on the documentation to close the transaction [...]
DALLAS, TX--(Marketwired - October 11, 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 three producing oil and gas fields, one offshore and two onshore. The Company and the seller have now agreed to extend the [...]
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 [...]
DALLAS, TEXAS--(Marketwired - Apr 7, 2014) - Park Place Energy Corp. (OTCBB:PKPL) ("Park Place" or the "Company") is pleased to announce that it has signed the License Agreement for the Vranino Block 1-11 with the Ministry of Economy and Energy on behalf of the Republic of Bulgaria on April 1, 2014. The Vranino exploration permit covers 98,205 acres (397.42 sq.km.) in northeast Bulgaria. The permit is for a term of 5 [...]
CALGARY, ALBERTA--(Marketwired - Nov 7, 2013) - Park Place Energy Corp. ("Park Place" or the "Company") (OTCBB:PKPL) is pleased to announce significant changes to its new board of directors at its recent Annual Shareholder Meeting and the appointment of a new management team. Highlights of the management changes include the appointment of Scott C. Larsen as President and Chief Executive Officer of the Company. With over [...]
CALGARY, ALBERTA--(Marketwired - Jul 18, 2013) - Park Place (OTCBB:PKPL) is pleased to announce that it has entered into an agreement which effectively brings to an end the litigation over the grant to the Company of the Vranino 1-11 Block License. In addition, as part of the agreement, Park Place has purchased certain data and studies relating to the area covered by Vranino license which will assist the Company in [...]
CALGARY, ALBERTA -- (Marketwired) -- 06/20/13 -- Park Place Energy Corp. ("Park Place" or "the Company") (OTCBB: PKPL) is pleased to announce that on June 16 2013 the Fifth Division Supreme Administrative Court in Bulgaria "the SAC" has upheld the award of the Vranino 1-11 oil and gas exploration block license to Park Place, again.
The SAC originally upheld the decision in March, 2012, however, an appeal court decided [...]
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