- East West Petroleum (EW) retains technical advisors for its New Zealand operation
- Travel has been difficult for both East West Petroleum and the permit operator
- As a result, East West now has a New Zealand-based technical team, which can provide oversight over ongoing operations
- Established in 2010, East West Petroleum Corp. is a TSX Venture Exchange listed company that invests in international oil & gas opportunities
- East West Petroleum (EW) is up 22.22 per cent and is trading at C$0.055 at 11:01 am ET
East West Petroleum (EW) has retained a technical advisory team in New Zealand to oversee operations at Cheal.
The Cheal productions assets are held by East West’s wholly-owned New Zealand subsidiary.
The subsidiary has concluded an agreement with 3TCF Limited, a private New Zealand corporation, with a team of seasoned oil and gas professionals to have oversight and guidance on operating matters.
Since the start of the COVID-19 pandemic, travel has been difficult for both East West Petroleum and the permit operator.
As a result, East West now has a New Zealand-based technical team, which can oversee ongoing operations.
Headed by Mr. Bill Treuren, a successful New Zealand businessman and entrepreneur, with a 30-year background in oil & gas pipelining, facilities, drilling and completion engineering.
Other key members of the 3TCF management team include Dave Bennett, Duncan Hardie and Allister Richardson.
Dave has 40 years’ experience in petroleum exploration, holding senior roles in numerous economically viable oil & gas discoveries.
Most recently, Dave was Technical Director of Tag Oil, which held acreage adjacent to the Company’s New Zealand properties.
Duncan has 40 years’ experience as a successful entrepreneur in minerals and petroleum exploration & other business areas.
Duncan is Principal of Hardie Pacific & Munuku Pty. Ltd., which holds and has under application a total of seven EPM permits north of Cairns, Australia.
Allister is a consulting geologist with 17 years of oil industry experience, was previously Tunisia exploration manager for Oil Search & later Chairman of Rawson Resources Ltd.
Said interim CEO Mr. Nick Demare,
“We are pleased to have concluded this agreement with 3TCF and look forward to working with the 3TCF team.”
Said 3TCF President Mr. Bill Treuren,
“We look forward to working with East West to assist them in managing their New Zealand assets.”
Established in 2010, East West Petroleum Corp. is a TSX Venture Exchange listed company that invests in international oil & gas opportunities.
East West Petroleum (EW) is up 22.22 per cent and is trading at C$0.055 at 11:01 am ET.