East West Petroleum Corp V.EW

Alternate Symbol(s): EWPMF

Energy Oil & Gas E&P

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.

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East West Petroleum Corp

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Comment by lageorgeson Sep 25, 2017 5:42am

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Post# 26736394

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From what i understand that is par for the course doing business in that part of the world. I am more of a gold bug nd one of my long term casino holds ESM is going through a long "process" in getting its mining permit in Romania. There really is nothing that can be done from our perch it is like the wild west there and the oversight is "flexible". Like places such as Brazil there is always a president, prime minister, minister or ther official being arrested for corruption. Who knows what pressure Sidoo is facing there or what kind of arrangement he is being encouraged to agree to or perhaps has agreed to. Does he have experience in Eastern Europe?

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