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 Jman1076on Aug 31, 2020 11:48pm

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Post# 31484640

It's Happening !!!!! - Phase 3

From Page #4 of M,D &A. I believe it concerns EX-7 & EX-8: A technical meeting is tentatively scheduled for September 2020 in which NIS is expected to present a proposal for a development phase for which the Company will be responsible for its 15% interest. When EW ponies up 15% that means these sections EX-7 & EX -8 are commercial!!!!!!! Start ringing the cash registers!!!!!

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