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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.


TSXV:EW - Post by User

East West Petroleum Corp
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(21)
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Post by Steve12141214on Dec 19, 2017 11:04pm
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Post# 27192781

Converted to boe

Converted to boe 1,000,000 Cubic Feet Of Natural Gas to Barrels Of Oil Equivalent = 172.3947
 
Zone 1 4.27 mmscfd x 172.3947= 736 boe 
Zone 2 0.74 mmscfd x 172.3947. =127 boe 
Zone 3 0.74 mmscfd x 172.3947. =127 boe 
Zone 4 0.74 mmscfd x 172.3947. =127 boe 
Zone  5      Nothing 
Zone 6       Light oil                         =177 bo
Zone 7.       Light oil.                       =177 bo
Total.                                           =-1,471 boe
 
They only gave a range for the gas zones so I used  the lowest range for 3 zones and highest range for 1 zone.    
Zone 1  seems very promising. 
2 of the Zones 2,3,4 could be almost as good as zone 1 but with the limited information in the press release it’s speculation.  

 
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