Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Apr 24, 2018 1:51am
92 Views
Post# 27930237

Finding oil and gas in the four EW blocks is like ...

Finding oil and gas in the four EW blocks is like ...Finding oil and gas in the four EW blocks (EX-2, EX-3, EX-7 and EX-8) is like shooting fish in a fishbowl. In December, 2017 it was reported that "Naftna Industrija Srbije's first well in Romania's EX-7 Periam Block found light oil. The Teremia-1000 intersected two intervals within the metamorphic basement that tested at 177 bo/d with a 49% water cut. In addition, four out of five probed Micocene sands produced gas at rates ranging up to 4.27 MMcf/d. Teremia-1000 was then completed as a potential oil producer." Does anyone actually KNOW if the oil is being conserved or is it being trucked by tank trailers to one of two NIS owned oil refineries in neighboring Serbia. If it is being trucked, EW should be getting paid its 15% "royalty." So NIS needs to devote more efforts to commercializing the Romanian wells, something that will help it supply the expanding economy and number of gas stations in Romania.  Vikingman.
Bullboard Posts