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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 Apr 30, 2019 4:42pm
81 Views
Post# 29690991

Also In NIS Anl Report

Also In NIS Anl Report
Key events in 2018: 2D seismic works on the Teremia North and Jimbolia fields were completed as well as 3D seismic works on EX-3. Processing of the re-ceived data is currently underway. Designing and construction of the complex for preparation of oil and gas for preparatory testing in the fields Teremia North and Jimbolia (the start of which was planned for the second quarter of 2019) is being carried out. Drilling of two exploration bores (on EX-7 Block) has begun. An approval for deadline extension for minimal working program (MWP) on blocks EX-2, EX-3, EX-7 and EX-8 for two years until December 2020 was received by Romanias National Agency for Mineral Resources (NAMR). Also in the Strategy portion of the Annual Report it sounded like Romania was a key to the future. I don't have the quote in front of me, but it sounded very positive to me.
Bullboard Posts