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East West Petroleum Corp V.EW

Alternate Symbol(s):  EWPMF

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

Bullboard Posts
Comment by Jman1076on Sep 20, 2017 12:08am
97 Views
Post# 26717667

RE:RE:RE:RE:RE:RE:FINALLY TEST RESULTS AS STATED BY NIS

RE:RE:RE:RE:RE:RE:FINALLY TEST RESULTS AS STATED BY NISMax: The following is from NIS second Qrt Report. Is this our well or is this one they are doing on their own? "We finished drilling Teremia-1000 well in Romania, on Ex-7 Block. Testing is in progress. What is very interesting to mention here - we have obtained quite good results. As I said last time, we projected four horizons there, exploration horizons - whether oil or gas. Basically, we anticipated both of them. In the course of drilling, we identified eight such horizons and now we have gradually started testing one by one. The first two horizons gave excellent results. The well now produces 30 to 50 tons per day. By end September, we are due to finish testing of the remaining five horizons and we will probably find gas there as well. Actually, at this moment, we don't have a depot for this oil there and, in order not to stop exploration, we are transporting oil to Serbia, to our Gathering Station. This is an excellent result for this Block in Romania and represents a great progress of the entire project." Max's reply; This is our well we are working on a release
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