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October 08, 2015 4:30 PM ET

Oil, Gas and Consumable Fuels

Company Overview of East West Petroleum Corp

Company Overview

East West Petroleum Corp. engages in the acquisition, exploration, development, and production of oil and gas properties in New Zealand. It primarily holds working interests in the PEP 54877 and PEP 54879 exploration blocks located in the Taranaki Basin of New Zealand. The company was formerly known as Avere Energy Inc. and changed its name to East West Petroleum Corp. in August 2010. East West Petroleum Corp. was incorporated in 1987 and is based in Vancouver, Canada.

1095 West Pender Street

Suite 1210

Vancouver, BC V6E 2M6


Founded in 1987





Key Executives for East West Petroleum Corp

Founder, Non-Executive Chairman, Chief Executive Officer, President and Member of Advisory Board
Total Annual Compensation: $196.5K
Chief Financial Officer, Corporate Secretary, Director, Chairman of Audit Committee and Member of Compensation Committee
Age: 61
Total Annual Compensation: $52.0K
Compensation as of Fiscal Year 2015.

East West Petroleum Corp Key Developments

East West Petroleum Corp Reports Revenue and Production Results for the Full Year and Production Results for the Fourth Quarter Ended March 31, 2015

East West Petroleum Corp. reported revenue and production results for the full year and production results for the fourth quarter ended March 31, 2015. For the year, total revenue increased 54% to a record $6.5 million. For the year, average net daily production volumes was 264 boepd (76% oil). Strong average netbacks per barrel was $56.76, despite weak commodity prices, contributed to net cash from operating activities of $1.7 million in 2015. For the fourth quarter, average net daily production volumes of 296 boepd (72% oil). Strong average netbacks per barrel was $42.01.

East West Petroleum Corp, Annual General Meeting, Sep 23, 2015

East West Petroleum Corp, Annual General Meeting, Sep 23, 2015., at 10:00 Pacific Standard Time. Location: Suite 1210, 1095 West Pender Street. Agenda: To fix the number of directors at four; elect directors for the ensuing year; to appoint Davidson & Company LLP, as auditor of the company for the ensuing year and to authorize the directors to determine the remuneration to be paid to the auditor; and transact such other business as may properly be put before the meeting.

East West May Acquire Or Dispose Securities of Valor

East West Petroleum Corp (TSXV:EW) has acquired ownership and control over 3.9 million common shares in the capital of Valor Ventures Inc. (TSXV:VLR.H). East West has acquired the shares for investment purposes, and may in the future acquire or dispose of securities of Valor, through the market, privately or otherwise, as circumstances or market conditions warrant.

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