Park Place Energy Corp. announced that it has entered into an agreement with a private Canadian based Oil and Gas exploration company to create a joint venture partnership on the company's two Alberta Nordegg land sections. The earning requirement of the joint venture agreement states that on or before March 31, 2010 the private company must expend up to a maximum of $350,000 toward the Work Seismic program. Upon satisfying the earning requirement the private Company shall have earned in an undivided 50% working interest in the farmout lands. The Work Seismic program announced August 11, 2009 from a private petroleum engineering consulting firm has an estimated cost of $385,000 including final interpretation and analysis.

Park Place Energy Corp. announced the company has received a Work Seismic program from a private petroleum engineering consulting firm. The seismic program was developed after the engineering consultants reviewed well logs, samples, completion tests and production for all known commercially productive wells located within approximately a ten mile radius of the lands. The estimated cost of the work seismic program is $385,000 including final interpretation and analysis by a third party independent Calgary based engineering firm. The company has 100% interest in approximately 1,280 acres of land acquired in the Alberta Landsales on July 16, 2008. The land is located within the company's core exploration area surrounding its producing Eight Mile property in North Eastern British Columbia on the Alberta and British Columbia border. The 'Nordegg' Member is described as an organic-rich mudstone/marlstone that ranges from 15 m to 30 m thick and extends over an area of 90,000 km sq in northeastern BC and adjacent parts of Alberta. The Nordegg is an important petroleum source rock in some areas and in other areas has gas shale potential.

Park Place Energy Corp. announced that Concessions International Inc. has informed the company of several prospective European shale gas properties with blue sky potential. Concessions International has focused its attention on blue-sky shale gas opportunities in Europe. They have been assessing opportunities in Albania, Austria, Bulgaria, France, Germany, Hungary, Netherlands, Poland, Ukraine and the United Kingdom. Through discussions with the various local governments Concessions International has identified several potential properties. Both Park Place and Concessions International have found one project which after initial findings has solid fundamentals. The Project is located in a stable pro-American Eastern European country.