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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 Oct 07, 2019 3:12pm
158 Views
Post# 30204556

Further Developments in Romania

Further Developments in RomaniaJust saw the article below in the noted paper. From my interpretation, it looks like they are setting up gas pipes to take off gas, so they can pull oil from the fields. Your thoughts are appreciated. 10/7/19 Curs De Guvernare The energy authority (ANRE) has granted NIS Petrol (Serbia), indirectly controlled by Gazprom, the authorizations for setting up the pipes related to the Jimbolia and Periam natural gas exploitation perimeters, in the west of the country. The company will also build a small gas-fired power plant to ensure the operation of the perimeter operating wells, as well as for the eventual commercialization. Thus, NIS Petrol has a free path for the extraction of natural gas from the two perimeters. Naftna industria Srbije (NIS) is controlled by Gazprom Neft, the oil division of the Russian state giant Gazprom and has in its portfolio six oil and gas perimeters in Bihor and Timis counties.
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