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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 Vikingmanon Mar 24, 2018 9:41pm
198 Views
Post# 27776681

Current drilling tender describes 5 wells in 2018.

Current drilling tender describes 5 wells in 2018.East West Petroleum partner, NIS Petrol SRL, has a current drilling tender application open for drilling in Timis County, Romania. Reading from page 4 of 12 of that tender, "The five wells that Nis Petrol is planning to drill in the 2018 campaign have different configurations and various casing depths. The following tables illustrate the casing programs with the type and lengths of casing and tubing that shall be utilized in each well in the planning phase, considering of course a tolerance according to operational decision during actual drilling." It has been a long time coming, but if, as and when NIS Petrol drills commercially successful wells on land leased from East West Petroleum, tiny East West Petroleum shares will rise in price very substantially! Company wide, NIS is a substantial partner for East West to have, with over $2 billion in annual revenue and over 11,000 employees. NIS is seeking to successfuly explore and produce oil and gas in Romania to help support its sales and distribution. "NIS owns the largest network of filling stations in Serbia - 334 filling stations, 10 loading terminals, 18 LPG bottle shops, 44 warehouses, aviation pumping facility at Belgrade Nikola Tesla Airport and a network of depots across Serbia. Retail network for LPG retail includes all the regional sales centers in major cities in the country."
Bullboard Posts