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 Vikingmanon Apr 19, 2018 2:39pm

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Post# 27912872

What is good for the goose, is good for the gander.

TAG Oil announced news today that it has a new $10 million line of credit from a NZ lender. That means they will not have to dilute shares by going back to the equity market for financing upcoming activities. Their stock is up today on the news. This is also good for partner, East West Petroleum, who will be receiving more revenues from TAG's increased drilling activities. With the high netbacks, due to $73 oil and increased drilling, EW should continue to see increased revenues in the upcoming quarters. This is nothing to quack about. Vikingman.

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