East West Petroleum Corporation is an emerging, Canadian-based exploration and production company which is pursuing commercial development of unconventional and conventional petroleum resources globally. With a strong focus on technology, the Company will apply state-of-the-art exploration, drilling and completion technologies to plays in emerging areas where modern technologies will have a significant impact on identifying, building and producing commercial oil and gas reserves. The Company's intends to pursue sustainable and profitable growth through a balanced program of exploration and development and acquisitions.
East West Petroleum has assembled a world-class management and technology-driven team to identify unconventional opportunities where significant unconventional hydrocarbon potential exists and local and regional markets are in short supply of energy. East West Petroleum was recently awarded four exploration Blocks covering approximately 1,000,000 acres in the Pannoinan Basin of western Romania. These large blocks lie within a proven oil and gas region and hold significant conventional and unconventional potential. In addition, the Company recently acquired a 20% participation interest in the Burg El Arab producing field in Egypt from Kuwait Energy Company where there is an active appraisal and development drilling program underway.
East West Petroleum believes strategic alliances and partnerships will form an integral component of its business plan to successfully compete in foreign upstream ventures.