East West Petroleum Corp V.EW

Alternate Symbol(s): EWPMF

Energy Oil & Gas E&P

East West Petroleum Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration, development and production from certain of its oil and gas properties. Its portfolio consists of interests in exploration concessions in New Zealand and Romania and producing properties in the Taranaki Basin, New Zealand. In New Zealand, it holds a 30% working interest in the Petroleum Exploration Permit (PEP) 54877 and the Petroleum Mining Permit PMP 60291 (Cheal East). PMP 60291 is the location of the Cheal E-Site and the Cheal E-site production facility as well as the Cheal-E wells. The oil and gas production comes from over five wells on the Cheal-E site, the Cheal-E1, E2, E5, E6 and E8 wells. It also has interests in over four blocks, Tria (EX-2), Balle Felix (EX-3), Periam (EX-7) and Biled (EX-8), which covers a total of approximately 4,079 square kilometers (1,007,500 acres) and are located in western Romania on the eastern margin of the producing Pannonian Basin.

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East West Petroleum Corp

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Comment by aeeon Sep 25, 2013 6:11pm

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Post# 21767834

RE:RE:potential revenue from NZ producton

I agree that 900 boepd and $50M is too optimistic, that's why the estimate I'm using as my base assumption is about 1/4 that. I woiuld that is in the ballpark.

All I care is that they become self funding so that they can Invest in Romania, India and expansion in NZ. It looks to me like self-funding status is almost inevitable from this years NZ program alone. Of course, "self-funding" is a function of both how much they make and how much they spend...

Bullboard Posts

Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle