Palomar announces industrial gas extraction in Poland

Palomar Natural Resources is going to launch industrial natural gas extraction in Wielkopolskie voivodeship in the first half of 2016, the firm's CEO John Buggenhagen informed in his interview for Rzeczpospolita daily. The maximum flow of gas in Szymanowo (Wielkopolskie voivodeship) was 160,00 sqm per day, the test transfer showed. "The company is planning exploration based on other licenses. Siekierki resources, nearby Poznań is the most prospective," Buggenhagen added. The American company is the operator of seven exploration licenses in Poland, in which it holds 65 percent of shares.