Corporate Overview First oil from E-1 test being trucked to New Plymouth (November 2013) January 2014
Corporate overview East West Petroleum is a Canadian-based E&P firm listed on the TSX-Venture Exchange (symbol EW) focused on international oil & gas opportunities Portfolio of assets has access to approximately 1.8 million…
Board and management David Sidoo President and CEO Mr. David Sidoo is a successful businessman based in Vancouver where he oversees a successful private investment banking and financial management firm. David previously was a broker…
New Zealand Taranaki Basin Awarded permits 54876, 54877, 54879 in New Zealands 2012 Block Offer with partner TAG Oil 50% WI in permits 54876 and 54879, 30% WI in 54877 The blocks lie in the production fairway of the Taranaki…
New Zealand Work programs Tariki Ahuroa Gas Condensate Field East West is currently drilling nine wells with Southern Cross partner TAG on Taranaki Basin licences (PEP 54876) Southern Cross (PEP 54876) 50% EW Cheal North (PEP 54877)…
New Zealand Results to date 1 Well Completed first five wells from E-pad as part of a nine well drilling program SC-pad All five wells on Cheal North from E-pad Southern Cross encountered hydrocarbons in the Urenui and/or 54876…
New Zealand First production achieved The E1 well commenced permanent production on December 9th, 2013 produced 547 boepd (88% oil) over first 44 days Testing of remaining E-wells continues E4 test averaged 315 boepd (87% oil) over…
New Zealand East Coast The East Coast Basin is prospective for both conventional and unconventional hydrocarbons Numerous seeps are present from the Whangai and Waipawa shale source rocks PEP 55770 was awarded December 5th, 2013…
New Zealand East Coast basin East Coast Basin source rock parameters Unit Waipawa Whangai N. Dakota Eagle Ford Vaca Muerta Bakken Depth (m) 0 5,000 0 5,000 2,700 3,500 2,200 3,400 2,800 3,200 Net thickness (m) 10 60 300 600+ 10 50 15…
New Zealand Attractive fiscal terms New Zealand fiscal terms compare very Single well economics (oil only) favorable Drilling and completion costs 2.5 M (US mm) greater of 5% ad valorem royalty (AVR) or 20% accounting profits…
Romania Fully carried interest in four blocks East West was awarded four blocks in Romania in the 2010 licensing round Hungary total gross acres of c. 1 million All blocks are now ratified Tria ratified December 2012 Tria (EX-2)…
Romania NIS EW partnership NIS has established a full time office in Romania in anticipation the upcoming phase 1 work program Ex-2 Tria Total estimated minimum spend to meet work commitments over phase 1 across all blocks is…
Romania Chevron update Currently preparing to drill the first shale gas well in Romania on the Barlad block January 2014 expected spud date Approx location of Pungesti located near Pungesti EW blocks Barlad 1.6 M acres 400 km of…
Summary 2014 Operational activity Country Block Activity January February March April May June July August September October November December New Zealand Cheal South G-1 well 1 1 1 1 G-2 well 1 1 1 1 G-3 well 1 1 1 1 Southern Cross…
Summary 2014 Drilling program and capital costs Project Well Number Location Working Expected Spud Est. Gross Cost Cost to East West Interest Date (C mm)(3) (C mm) New Zealand 1 Cheal South 50% Q-1 2.5 2.5(1) 2 Cheal South 50% Q-1 2.5…
Contact East West Petroleum Engineering AJM Petroleum Consultants 1210 1095 West Pender Street. Bank Vancouver, British Columbia, Canada Bank of Montreal V6E 2M6 Legal Advisors McCullough OConnor Irwin LLP Phone: +1 (604)…
Management & Board of Directors David Sidoo President, CEO and Director Mr. David Sidoo is a successful businessman based in Vancouver, Canada where he oversees a successful private investment banking and financial management firm. Upon…
Management & Board of Directors Nick DeMare CFO and Director Mr. DeMare is the President and principal of Chase Management Ltd., a private company providing a broad range of administrative, management and financial services to private…
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