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 RyanEUon Jan 28, 2021 11:02am

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Post# 32409234

Existing Well

Shouldn't someone be asking how many barrels have been shipped to Pancevo as "experimental production"? Or how much "experimental production" is necessary in order to make a call on declaring the existing well commercial? Seems to me like its been "experimental" for far too long. Bottom line is oil is being pumped and shipped to NIS refinery and EW gets nothing for it. How much has been produced? How much more do they need to make a determination on declaring it commercial??

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Record Q3: Equinox Gold achieves commercial production at Greenstone Mine