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11/1/2019 — Oil and Gas
East West considers Cheal options

Junior Canadian petroleum explorer East West Petroleum Corporation (TSX-V: EW) is pondering what to do about its equity in permits in the Cheal gas field in New Zealand’s onshore Taranaki.

TAG Oil Ltd (TSX: TAO; OTC: TAOIFF) has informed the company it reached agreement to sell all of its New Zealand assets, including the Cheal in which East West has a 30% interest.

“Management is currently assessing the options available to realize value from its 30% holding in the Cheal permits,” East West said.

East West has key permits in NZ and in Romania.

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