Canada-based East West Petroleum Corp. (the Company or East West) provided the following operations update on the first well of its 2013 nine well exploration program in the Taranaki Basin of New Zealand with partner and operator, TAG Oil Ltd.
The Company has been informed by its joint venture partner and operator, TAG Oil Ltd (TAG), that the Cheal-E1 well on the Cheal North permit has reached total depth (TD) of 6,266 feet (1,910 meters) on time and on budget and has finished drilling.
Additional information on East West’s Taranaki exploration program can be found in the Company’s press release dated August 19th.
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