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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

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Post by Jman1076on Nov 24, 2019 8:38pm
112 Views
Post# 30387927

Update on Romanian Election

Update on Romanian ElectionExit polls: Romania's President Iohannis wins re-election Klaus Iohannis, 60, easily defeats social democrat opponent Viorica Dancila. Romania's centrist President Klaus Iohannis easily won a presidential runoff vote as expected, crushing his socialist challenger on a pledge to restart a judicial reform slowed down by successive Social Democrat (PSD) governments. Iohannis had been the short-odds favourite to beat former PSD prime minister Viorica Dancila comfortably in Sunday's runoff. An exit poll conducted by IRES pollster showed Iohannis garnered 66.5 percent of votes followed by Dancila with 33.5 percent. Another pollster CURS-Avangarde showed Iohannis winning with 64 percent. Under a succession of PSD governments, Romania rolled back anti-corruption measures and weakened the independence of the courts. Along with ex-communist peers Poland and Hungary, it has been heavily criticised by Brussels for its actions. However, the 60-year-old Iohannis has been credited by Western allies and the European Union with trying to protect the rule of law, in particular by challenging attempts to limit judges' independence.
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