East West Petroleum Provides San Joaquin Valley Well Testing Update

East West Petroleum Provides San Joaquin Valley Well Testing Update 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/06/13 -- East West
Petroleum Corp. (TSX VENTURE:EW) (the "Company" or "East West") today
announced that it has completed initial production testing at its
Pass Exploration 77-20 well located on the Tejon Extension prospect
in the San Joaquin Basin, California (East West 25% interest). The
well is being operated by the Company's partner, North American Oil &
Gas Corporation ("NAMG"), which has a 75% interest in the prospect.  
The well was drilled to a total depth of 7,550 feet, a full suite of
electric logs were run after setting a 5 1/2 inch casing.  
NAMG continues to test zones of interest in the well and has
perforated a 60-foot interval in the Olcese sand and had an immediate
blow of gas. The well was shut in for pressure build up and swabbing
operations commenced the next day. The swabbing results indicated
some light oil, a fluid emulsion, and water. The operator continues
to test the well to get measured rates of oil production. 
The 77-20 well is targeting known producing sands that are analogous
to those found in the nearby Tejon and North Tejon Fields that have
produced a combined 58 million barrels of oil and 252 billion cubic
feet of gas from the primary zones of interest, attesting to the
presence of a proven petroleum system(1). The Tejon Field has
produced some 34 million barrels oil and 19 billion cubic feet of
gas, mostly from JV and Olcese sands. The North Tejon Field has
produced some 24 million barrels oil and 233 billion cubic feet of
gas, mostly from the Vedder and JV sands(1). The oil gravity is 32-35
degrees API.  
Mr. Barry Chovanetz, VP Exploration and a qualified person, has
reviewed the technical disclosure in this news release. 
To view the map accompanying this press release please click on the
following link: http://media3.marketwire.com/docs/EW0206.pdf  
Notes 
(1) Sproule Report dated November 30, 2012 
About East West Petroleum Corp. 
East West Petroleum (http://www.eastwestpetroleum.ca) is a TSX
Venture Exchange listed company which was established in 2010 to
invest in emerging unconventional resource plays, leveraging
management's knowledge of international opportunities and
unconventional play technica
l expertise. In its first 18 months of
operations, the Company has built an attractive platform of assets of
over 1.6 million Acres. An oil-prone, exploration block, of 100,000
acres in the Assam region of India with the three largest exploration
and production Indian firms ONGC, Oil India and GAIL; four
exploration concessions covering 1,000,000 acres in the prolific
Pannonian Basin of western Romania with a subsidiary of Russia's
GazpromNeft; a 100% interest in a 500,000 acre exploration block
onshore Morocco with conventional and unconventional potential, three
exploration permits in New Zealand with partner TAG OIL (TSX:TAO) and
a joint venture exploration program covering 5000 gross acres in
California. The Company is now poised to enter operational phases in
Romania, where it will be fully carried by its partner
Gazprom-controlled Naftna Industrija Srbije in a seismic and 12-well
drilling program expected to commence in 2013. The Company expects to
commence drilling operations in New Zealand with up to 10 wells to be
drilled in early 2013. The Company is well funded to cover all
anticipated seismic and drilling operations through 2013. 
Forward-looking Statement 
This press release contains "forward-looking information" that is
based on the Company's current expectations, estimates, forecasts and
projections. This forward-looking information includes, among other
things, statements with respect to the Company's plans, outlook,
business strategy and exploration and development of the Company's
properties. The words "may", "would", "could", "should", "will",
"likely", "expect", "anticipate", "intend", "estimate", "plan",
"forecast", "project" and "believe" or other similar words and
phrases are intended to identify forward-looking information. 
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not
limited to: the ability to raise sufficient capital to fund
exploration and development; the quantity of and future net revenues
from the Company's reserves; oil and natural gas production levels;
commodity prices, foreign currency exchange rates and interest rates;
capital expenditure programs and other expenditures; supply and
demand for oil and natural gas; schedules and timing of certain
projects and the Company's strategy for growth; competitive
conditions; the Company's future operating and financial results; and
treatment under governmental and other regulatory regimes and tax,
environmental and other laws.  
This list is not exhaustive of the factors that may affect our
forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on
such forward-looking information. The Company disclaims any intention
or obligation to update or revise forward-looking information,
whether as a result of new information, future events or otherwise. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
East West Petroleum Corp.
David Sidoo
Chairman
+1 604 682 1558
+1 604 682 1568 (FAX) 
East West Petroleum Corp.
Greg Renwick
President & CEO
+1 972 955 7251
+1 604 683 1585 (FAX)
www.eastwestpetroleum.ca
 
 
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