A portion below.
The Company's key oil and gas property is the Vranino 1-11 Block, a 98,205 acre
block located in the Dobroudja Basin in Bulgaria. The area covered by the
Vranino 1-11 Block was extensively drilled as part of a resource assessment of
the deep coals from the mid-1960s to the late 1980s. The voluminous data
accumulated from this assessment is available to Park Place, which is in the
process of gathering and evaluating the data. The Company plans to commence
exploration activities on the license area beginning in 2014.
cubs
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