East West announces completion of workover and initial test results from Romania
Thursday, Sep 21, 2017

Mr. David Sidoo, President and CEO of East West Petroleum Corp., is pleased to announce that the Company's joint venture partner and operator has reported that testing of multiple intervals on the first well in EX-7 Periam block, in the Pannonian Basin of Western Romania has been completed with encouraging results for oil and natural gas.

The operator has advised that the initial results obtained during workover and testing will be analysed in NIS Scientific Center, which will decide  if the well is to be declared commercial and what would be the next steps to follow. NIS will be funding 100% and fully carrying East West through the minimum work program of the exploration phase in return for earning an 85% interest in the blocks.

Mr. David Sidoo comments, "We are pleased to have results from our first JV well showing oil and gas indications.  NIS was able to drill this conventional well with no environmental issues and strong  community relations.  We are pleased to be partnered with a company of this caliber. We want to thank our shareholders for their patience and look forward to sharing additional results as they come in."

For more information, please visit: http://www.eastwestpetroleum.ca/

For additional information on this project, please visit our ProjectsOGP database

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