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 27, 2013 9:16pm

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Post# 21774904

RE:RE:RE:RE:New presentation

"ﬂow tesing scheduled to occur during drilling of the E-3 well "

So we should hear by mid October. The estimates in the presentation mesh well with what we came up with on this thread. It's good to see that we eventually got close to the same numbers.

I'll put the question of how they compensate Tag for access to the Cheal facilities. I just used 20% as a wild guess for the cash flow estimates. It could make a difference.

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