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Last €0.06 EUR
Change Today -0.007 / -10.94%
Volume 0.0
37A On Other Exchanges
As of 8:40 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

east west petroleum corp (37A) Snapshot

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52 Week High
09/3/14 - €0.17
52 Week Low
09/2/15 - €0.05
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Current Stock Chart for EAST WEST PETROLEUM CORP (37A)

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east west petroleum corp (37A) Details

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.

Founded in 1987

east west petroleum corp (37A) Top Compensated Officers

Founder, Non-Executive Chairman, Chief Execut...
Total Annual Compensation: --
Chief Financial Officer, Corporate Secretary,...
Total Annual Compensation: C$48.0K
Compensation as of Fiscal Year 2014.

east west petroleum corp (37A) 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 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.

East West Petroleum Corp Announces Recompletion of the Cheal-E2 Well

East West Petroleum Corp. provided the update on its operations in the Taranaki Basin of New Zealand. Following recompletion in the Mt. Messenger formation, a 15 day flow test of the Cheal-E2 well was completed where the well flowed naturally at an average rate of over 100 boepd (73% oil) for a total of approximately 1,465 boe during the test. The well will now undergo pressure and temperature analysis and be placed on permanent production to the Cheal E-site production facilities. The Cheal-E1, E5 and E6 wells continue to produce at steady rates of approximately 330 boepd (76% oil) net to East West with little decline to date. The Cheal-E4 well is temporarily shut in awaiting completion of the gas pipeline from the Cheal E-site. This pipeline is expected to be completed and commence operations in mid-2015 and will immediately increase East West's revenue with gas sales to the New Zealand market.


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