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.

TSXV:EW - Post by User

East West Petroleum Corp > It's Happening !!!!! - Phase 3

<< Previous

Bullboard Posts

Next >>

Comment by RHertigon Oct 13, 2020 11:43am

78 Views

Post# 31707144

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

They must have wrote the language pretty bad in the agreement. They were supposed to drill 3 wells on each concession in phase 2. Phase 3 was an additional 12 wells for a total of 24. If there was findings that were commercial we then had to pay our 15%. If it was wrote correctly we still own 100% as they haven't met their buy in yet. But we never got to read the contract so who knows.

<< Previous

Bullboard Posts

Next >>

Michael Gentile tops up stake in Astra Exploration