ANKARA, Turkey, March 14, 2018 -- Park Place Energy Inc. is pleased to announce the Private Placement closed on February 28th, 2018. On February 28, 2018, Park Place Energy Inc. closed a private placement with the issuance of 11,750,000 shares of common stock, with each common share having ½ of one share purchase warrant attached, resulting in the issuance of 5,875,000 share purchase warrants. Each whole share [...]
ANKARA, Turkey, Feb. 20, 2018 -- Park Place Energy Inc. is pleased to announce it has acquired an additional 12.25% of the SASB gas field bringing its total interest to 49%. The purchase price for the additional interest was USD $265,000 and 1.5 million shares of the company’s common stock. The company completed the purchase on February 8, 2018. Approval was received by regulators early January 2018 paving the way [...]
VANCOUVER, British Columbia, Nov. 14, 2017 -- Park Place Energy Inc. intends to complete a private placement offering of common shares for proceeds up to US $1,000,000 at a price of US$0.10 per share for a total of 10,000,000 shares “the Financing”. The financing was approved by the Company and will close on November 30, 2017. The financing is only available to qualified investors in accordance with applicable [...]
Park Place Energy update on the Zagros Basin Licenses, Operations and the financial results for the quarter ended June, 2017. Park Place through the acquisition of the Tiway companies has 42,833 hectares of contiguous exploration blocks (Derecik Exploration Licences) covering the northern extension of the prolific Iraq/Kurdistan Zagros Basin, but are located within Turkey where the fiscal terms consist of a 12.5% royalty [...]
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 [...]
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