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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

Post by Jman1076on Jan 18, 2021 10:02pm
261 Views
Post# 32323670

NIS New Tender Well 1201 in Blk 8

NIS New Tender Well 1201 in Blk 8
WHEREAS: (A) NIS is Title Holder and Operator in the Petroleum Concession Agreement for Block EX - 8 Block (the Block) where Teremia 1201 Well (T-1201 Well or the Well) is to be drilled, tested and completed; (B) For above-mentioned drilling project, NIS requires certain well reated goods (i.e. casing, steel grade with buttress connection and pup joints), as per the Companys Technical Assignement attached hereto as Annex 1 (Technical Assignment) which Seller is willing and capable to provide as seth forth under Sellers Revised Bid Form no. [] attached hereto as Annex 2 (Sellers Offer) and, as confirmed and described in the Confirmation Letter no. [] attached hereto as Annex 3 (Confirmation Letter) issued by NIS to Seller (hereinafter referred to as the Goods); (C) The quality of the Goods to be provided and the deadlines to be observed are of the Agreements importance for the Buyer; (D) NIS and the Seller have discussed, negotiated and expressly accepted any and all of the terms of this Agreement, including all conditions defined as non-standard by article 1203 Romanian Civil Code;
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