reports
East West Petroleum Provides Operational Update for New Zealand
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2021) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to provide the following operational update for New Zealand. A workover of the Cheal E1 and E2 wells to clear downhole wax and sand issues has been recently completed and was successful in re-establishing production in both wells. The Cheal E field is now producing at an approximate 250 barrels oil equivalent per day, of which about 80% is oil. A trial of a two-stage downhole pump in Cheal E1 proved to be too vulnerable to sand production issues and ...
East West Petroleum Retains Technical Advisors for New Zealand Operati...
Vancouver, British Columbia--(Newsfile Corp. - March 29, 2021) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to report that it has retained a technical advisory team in New Zealand to assist in oversight over operations at Cheal.The Cheal productions assets are held by the Company's wholly owned New Zealand subsidiary and the subsidiary has concluded an agreement with 3TCF Limited ("3TCF"), a private New Zealand corporation, with a team of seasoned oil and gas professionals in order to have oversight and guidance on operating matters. Since the start of the C...
East West Petroleum Provides Operational Update for Romania
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2021) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to provide the following operational update for Romania. As previously reported, the Company's joint venture partner and operator, NIS Petrol ("NIS"), subsidiary of NIS a.d., suspended all operational activities on March 25th 2020 when a national lockdown was declared in Romania. All exploration operations have been on hold since that time.In the latter part of 2020, NIS evaluated development options for the Teremia North oil discovery.An Operating...
East West Petroleum Announces Resignation of Ross McElroy
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2020) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") announces that Mr. Ross McElroy has resigned as a director of the Company. The Board thanks Mr. McElroy for his contributions to the Company as a director and audit committee member and wishes him well in his future endeavors.About East West Petroleum Corp.East West Petroleum Corp. () is a TSX Venture Exchange listed company established in 2010 to invest in international oil & gas opportunities. The Company has its primary focus on two key areas: New Zealand, wh...
East West Petroleum Announces Termination of Agreement
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2020) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") announces it has terminated the agreement regarding the sale of its 30% interest in Petroleum Exploration Permit 54877 and Petroleum Mining Permit 60291 (the "Cheal Permits"), to an arm's length private New Zealand company, on the terms previously announced in a news release of the Company dated June 24, 2019.The ongoing delays and an effective date of April 1, 2019 make the agreement not in the best interests of shareholders. The Company will continue to work ...
East West Petroleum Announces Extension Agreement
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2020) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to provide this further update regarding the sale of its 30% interest in Petroleum Exploration Permit 54877 and Petroleum Mining Permit 60291 (the "Cheal Permits"), to an arm's length private New Zealand company (the "Purchaser"), on the terms previously announced in a news release of the Company dated June 24, 2019 (the "Transaction").In a the Company provided an update on closing and commented that it was uncertain when closing could occur. At this...
East West Petroleum Announces Corporate Updates
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2020) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to provide this corporate update.OPERATIONAL UPDATESRomaniaThe Company's joint venture partner and operator, Naftna Industrija Srbije ("NIS"), has provided the following operational update for Romania. Due to the Covid-19 pandemic the state of emergency and a nationwide lockdown was imposed by the Romanian government on March 25, 2020. Consequently, the operator NIS, has temporarily ceased new exploration field activity until such time that the lockdow...
East West Now Proceeds to Close Sale of 30% Interest in Cheal Permits
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2020) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to provide this further update regarding the sale of its 30% interest in Petroleum Exploration Permit 54877 and Petroleum Mining Permit 60291 (the "Cheal Permits"), to an arm's length private New Zealand company (the "Purchaser"), on the terms previously announced in a news release of the Company dated June 24, 2019 (the "Transaction").The Company's news release of February 3rd 2020 provided an update on the regulatory concerns that had delayed cl...
East West Provides Further Update on Sale of 30% Interest in Cheal Per...
Vancouver, British Columbia--(Newsfile Corp. - February 3, 2020) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") provides this update on the sale of its interest in Petroleum Exploration Permit 54877 and Petroleum Mining Permit 60291 (the "Cheal Permits"), which are subject to joint venture between a wholly owned subsidiary of the Company and Cheal Petroleum Limited (the "Joint Venture"), to an arm's length private New Zealand company (the "Purchaser"), on the terms previously announced in a news release of the Company dated June 24, 2019 (the "Transaction").At this time...
East West Petroleum Grants Stock Options
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2020) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") Mr. Nick DeMare, interim CEO, announces the granting of stock options to directors of the Company for the purchase of up to 1,300,000 common shares, at a price of $0.06 per share, for a period of five years. About East West Petroleum Corp.East West Petroleum Corp. () is a TSX Venture Exchange listed company established in 2010 to invest in international oil & gas opportunities. The Company has its primary focus on two key areas: New Zealand, where it has estab...
East West Petroleum Announces Annual General Meeting Results
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2019) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to announced that at the annual general meeting of shareholders of the Company (the "Meeting") held on December 12th, 2019, the shareholders elected Messrs. Nick DeMare, Ross McElroy, Mark T. Brown and Kevin William Haney as directors of the Company. Mr. Haney, a new director of the Company, is the owner and President of Haney Resources Ltd. (a private company in the oil and investment industry) and a director of Spectra Inc. (manufacturer of comm...
East West Petroleum Announces Operational Updates
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2019) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") is pleased to provide an update on operations.Romania. The Company's joint venture partner and operator, Naftna Industrija Srbije ("NIS"), has provided the following information. The operator, NIS, is actively progressing with comprehensive exploration programs in the EX2, EX3, EX7 and EX8 exploration blocks. It should be noted that all activities are dependent on securing the necessary government and local approvals.Block EX-2; the 3D seismic acquisition prog...
East West Petroleum Corp (EW) - Oil & Gas - Deals and Alliances Profil...
Summary East West Petroleum Corp. (East West Petroleum), formerly Avere Energy Inc. is an oil and gas company that offers acquisition, exploration, development and production of conventional oil and gas resources. The company holds assets in New Zealand, Morocco, India, Romania and California. It currently holds interests in 3 exploration permits in the Taranaki Basin of New Zealand; exploration concessions in the prolific Pannonian Basin of Western Romania; the Doukkala exploration permit in o...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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