VANCOUVER, June 15, 2018 /CNW/ - East West Petroleum Corp. (TSX-V: EW) ("East West" or the "Company") Mr. David Sidoo, President and CEO, announces that the Company has appointed Mr. Curtis White to the Board effective immediately.
Mr. Curtis White has more than 15 years of experience working in media, tech, mining and oil & gas. Recently, Curtis was Head of Digital for Thunderbird Entertainment, one of Canada's largest independent film and television production studios. Prior to joining Thunderbird, Curtis Worked in corporate finance and investor relations for a number of TSX-v listed junior resource companies. Curtis has a Bachelor of Finance degree (honours) from the Sauder School of Business at the University of British Columbia.
The Company also reports that Mr. David Taylor has tendered his resignation as a director but will continue to work with the Company in an advisory capacity and will serve on the Company's Advisory Board providing advice and oversight for the Company's oil and gas operations.
About East West Petroleum Corp.
East West Petroleum Corp. (www.eastwestpetroleum.ca) is a TSX Venture Exchange listed company established in 2010 to invest in international oil & gas opportunities. East West has built a diverse portfolio of attractive exploration assets covering a gross area of over one million acres. The Company has its primary focus on two key areas: New Zealand, where it has established production and cash flow and is evaluating a low risk exploration play, and Romania where it is fully carried on a seismic surveying and 12 well exploration program. In New Zealand, East West holds an interest in three exploration permits near to existing commercial production in the Taranaki Basin, operated by TAG Oil Ltd. The Company also has interests in four exploration concessions covering 1,000,000 acres in the prolific Pannonian Basin of western Romania with Naftna Industrija Srbije ("NIS").
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.
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.
SOURCE East West Petroleum Corp.
For further information: East West Petroleum Corp., Max Sali, Corporate Development, +1 604 682 1558 (TEL), +1 604 683 1585 (FAX), E-mail: [email protected]