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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

Comment by Jman1076on Feb 11, 2021 6:01pm
89 Views
Post# 32547576

RE:Any new articles?

RE:Any new articles? Steve: I like the idea. Don't have anything current for you on EW. However, you could use NIS tenders to get at the facts. If you go back through my postings, you will find some tenders on 7 - 8 gas to electric wells to be drilled starting soon, probably Feb to March. And this is just one of many potential sites in EX-7 and EX-8. When looking at the tenders and build out, I believe those 8 or so wells will have a life of 20+ years. The company site mentioned or last financial statement said that there are several promising sites have been identified in EX-2 & EX-3. Those could be oil or gas. The same is true for new possibilities in EX-7 and EX-8. I think if you want to take a crack at it, the rest of us can chime in and develop good promotional materials. I think it will be up to us to push this out, because NIS agreement with EW controls in that NIS must approve any formal press release or company announcements.
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