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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Post by Steve12141214on Jan 16, 2018 11:09pm

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Post# 27373914

Tag oil video released yesterday. Waterflood update on Cheal

Tag Oil’s CEO Toby Pierce released a video yesterday. Since EW management is off duty And probibly will not share anything with us I Figured i’d Share a tidbit or information. Between 2:00 and 3:30 of the video Toby talks about the Cheal field and the waterflood program. They are noticing improvements and they will continue to inject 2200 barrels a day. If you are not aware EW owns a percentage of some of the producing Cheal wells. This will help increase cash flow for EW.
Watch "TAG Oil to Drill High Impact Exploration Well and Provides Operational Update" on Vimeo: https://vimeo.com/251186746?ref=em-v-share

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