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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
Post by Jman1076on Jan 09, 2018 12:56am
81 Views
Post# 27310810

Reply From David Taylot

Reply From David TaylotJust received this email from Mr. Taylor: Thank you for your email letter and comments which I have passed on to management. With respect to Romania, I would like to point out that it is normal industry practice for the farminee (ie NIS) who is fully funding the work program to determine the pace and sequence of exploration activities within the constraints of the government approved minimum work programs. Such activities are also subject to complex permitting requirements and local government approvals which can also be very time consuming. Regarding reporting to shareholders, East West issued a news release on Dec 19 which covers the results of the first exploration well and an expectation of the forward work program (the news release is available on our website). I hope this addresses the reporting concerns expressed in your letter. We will, of course, be issuing future news releases when there is material information to report to shareholders. Yours sincerely Dave Taylor Director East West Petroleum
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