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 2010 2012 were focused on asset accumulation, in 2013 the Company…
Investment Highlights Very profitable at current oil prices with low cost of production Capital preservation do to positive cash flow to fund entire operations Lowest valuation in years, despite going from exploration to production…
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 Nine wells were drilled in the 2013/14 drilling Southern Cross program with partner TAG in the Taranaki Basin (PEP 54876) five wells at Cheal North (PEP 54877) 30% EW…
New Zealand Results to date 1 Well Six wells now drilled from E-pad all six wells encountered hydrocarbons in the SC-pad Urenui and/or Mt. Messenger sandstones and completed as producers Southern Cross 54876 Three wells drilled on…
New Zealand First production achieved Total production from E-site is currently approximately 330 boepd (net), 78% oil Cheal E-1, E-4 and E-6 are flowing under natural flow Cheal E-5 on jet pump E-2 recompletion undergoing…
New Zealand Attractive fiscal terms New Zealand fiscal terms are very favorable Single well economics (oil only) - 60/b oil greater of 5% ad valorem royalty (AVR) or 20% Drilling and completion costs 2.5 M accounting profits royalty…
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…
Summary 2015 Operational activity Country Block Activity January February March April May June July August September October November December New Zealand Cheal North E-2 recompletion 1 1 1 E-site to Cheal gas pipeline 1 1 1 1 1 1 1 1…
Summary 2015 committed exploration program and capital costs Project Well Location Working Expected Spud Est. Gross Cost Cost to East West Interest Date (C mm)(3) (C mm) New Zealand(1) E2 Cheal North Q1 0.7 0.2 30% recompletion…
Contact East West Petroleum Engineering 1210 1095 West Pender Street. AJM Petroleum Consultants Vancouver, British Columbia, Canada Bank Bank of Montreal V6E 2M6 Legal Advisors Phone: +1 (604) 682-1558 Fax: +1 (604) 682-1568…
Management & Board of Directors Nick DeMare CFO and Director Mr. DeMare (CPA, CA) is the President and principal of Chase Management Ltd., a private company providing a broad range of administrative, management and financial services to…
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