Ticker: EW (TSX-V)
VANCOUVER, Oct. 3, 2017 /CNW/ - East West Petroleum Corp.
(TSX Venture: EW) ("East West" or the "Company") Mr.
David Sidoo, President and CEO,
announces that the Company has appointed David R. Taylor to the Board effective
immediately. In addition 500,000 options at a price of
$0.135 per share for a term of five
years have been granted to Mr. Taylor who will serve as an
independent director of the Company.
Mr. Taylor has 38 years of diverse international oil company
experience on four continents with extensive experience in all
facets of the petroleum industry. Mr. Taylor holds a master's
degree in applied geophysics and has extensive technical and
business experience gained with BP Exploration (1979 to 1991) in
the UK, Netherlands, Egypt, Singapore and Indonesia and Clyde Petroleum (1991 to 1997)
in the Netherlands and
Indonesia. Following his
emigration to Canada in 1997, Mr.
Taylor held senior positions in international business development
for Pinnacle Resources and Vermilion Resources before becoming one
of the two founding executives for Aventura Energy (1999 to 2002).
In 2002 Mr. Taylor founded and was a director and CEO of Cirrus
Energy Corporation ("Cirrus") until Cirrus was acquired in
April 2011. Cirrus was a TSX
Venture listed company with operations in the Netherlands and UK sectors of the North
Sea and in the Republic of Trinidad and
Tobago. Most recently Mr. Taylor was President & CEO of
CYGAM Energy Inc. from 2012 to 2015.
Said Mr. David Sidoo, President
and CEO, "Mr. Taylor recently relocated to Vancouver and I am very pleased to have a
seasoned senior oil and gas executive join our Board of Directors
to provide advice to management in respect of the Company's
properties in New Zealand and
Romania."
The Company also reports that the Hon. Herb Dhaliwal has resigned from the Board
effective immediately. Mr. Sidoo further said "I want to take
this opportunity on behalf of the Board and management to express
my sincere thanks to Hon. Dhaliwal for his services to the Company
and I wish him well in all his future endeavours."
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").
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.