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.

TSXV:EW - Post by User

East West Petroleum Corp

Bullboard Posts

Comment by carinthianon Nov 14, 2013 10:20am

187 Views

Post# 21905414

RE:news from Tag Oil

So as it seems we should at least get our money back for one third of the expenditures on Cheal North. :-)

If I am allowed to dream (Christmas is near too) getting the money for the wells where we paid 100% of the cost back and establishing a nice steady cash flow for future years...

Does anybody know how to get an approximate number for cash flow to expect? Net backs are $50 due to the presentation, so is this production/day x netback/boe x 365 days?

Anyway this seems to move in the right direction. My personal thoughts. DYODD
carinthian

Bullboard Posts

Ivanhoe Mines initiates Phase 3 concentrator construction