Park Place Energy Corp (PKPL)

Park Place Energy Corporation was incorporated under the laws of the State of Nevada on August 27, 2004 under the name ST Online Corp. On June 22, 2007, it entered into a Business Combination Agreement with Park Place Energy Inc., a private company incorporated under the laws of the Province of Alberta, Canada, and 0794403 B.C. Ltd., a wholly-owned subsidiary of company incorporated under the laws of British Columbia. Under this business combination agreement, Park Place Energy Inc. and 0794403 B.C. Ltd. amalgamated under the provisions of the British Columbia Business Corporations Act and continued as Park Place Energy Inc., a company governed by the British Columbia Business Corporations Act. On July 6, 2007, The Company merged with its wholly-owned subsidiary, Park Place Energy Corp. and its name was then changed to Park Place Energy Corp. It is an exploration stage company, which is engaged in exploring for conventional oil and natural gas. Effective on August 19, 2009, the Company's wholly owned subsidiary, Park Place Energy Inc. entered into a Seismic Earning Agreement with Fifth Avenue Diversified Inc., a private British Columbia corporation, whereby Fifth Avenue stands to earn an interest in certain Farmout Lands in the Gordondale Area of Alberta. On September 1, 2009, Park Place Energy Inc., entered into a Purchase and Sale Agreement effective September 1, 2009 with a closing date of October 30, 2009, with Novus Energy Inc., an Alberta corporation, 'Novus' whereby Novus bought the entire right, title, estate and interest in and to Park Place Sub's Eight Mile property in North Eastern British Columbia. The Company currently has interests in oil and gas properties in the Canadian province of Saskatchewan and in Morgan County, Tennessee. The Company is competing with other oil and gas exploration companies, independent producers and institutional and individual investors. The Company's oil and gas operations are subject to a number of federal, provincial, state and local governmental regulations in Canada and the United States. Matters subject to regulation include exploration permits, discharge permits for drilling operations, drilling and abandonment bonds, operating practices.