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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 21, 2017 9:27pm
81 Views
Post# 26728826

RE:RE:Drilling Costs

RE:RE:Drilling CostsAnother way to look at this is how many months does it take to reimburse the drilling cost. If you assume $25 left over after taxes, EV's 15%, and daily op cost, the following tonage is needed: $3 million well cost 48 tons / day; $4 million cost 64 tons / day; $5 million cost 80 tons / day. This all assumes that payoff is made within 12 months. There is a lot of unknowns including decline rates and amount left over after taxes etc but these are my assumptions for this guess. Let me know what you think. Also Max said this well cost $20 million. I don't think we can use that for this decision. I believe 3 to 5 million is more realistic. Your thoughts would be appreciated. Jman
Bullboard Posts