February 9, 2010 (FinancialWire) — Park Place Energy Corp. (OTCBB: PKPL) has acquired a 50% working interest in 80 acres of land located in western Saskatchewan.

Under the agreement, with a private company, the property was acquired in consideration for an aggregate of 150 million shares at a deemed price of $0.001 per share for an aggregate deemed consideration of around $150,000.

Park Place Energy has also tendered a bid on an oil and gas exploration and development property within the European Union.

Canada-based Park Place Energy is an oil and gas exploration company that is participating in shale gas opportunities. The company has assets in North Western Alberta and Saskatchewan and is also focused on the acquisition of additional blue-sky shale gas opportunities.

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