VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2012) - East West Petroleum Corp. (the "Company" or "East West Petroleum") (TSX VENTURE:EW) - Mr. Greg Renwick, President & CEO, announces that at the Company's annual general meeting of shareholders held on June 21, 2012 (the "AGM"), Messrs. Greg Renwick, David Sidoo, Nick DeMare, Hon. Herb Dhaliwal, James Dewar and Marc Bustin, were re-elected as directors of the Company. All items put forth at the AGM were approved by the shareholders.
At a directors' meeting held following the AGM, the directors appointed Mr. Greg Renwick as President and Chief Executive Officer, Mr. David Sidoo as Executive Chairman, Mr. Nick DeMare as Chief Financial Officer and Mr. James Harris as Corporate Secretary of the Company.
ABOUT EAST WEST PETROLEUM CORP.
East West Petroleum is a TSX Venture Exchange-listed company which was established in 2010 to invest in emerging international unconventional resource plays, leveraging management's knowledge of international opportunities and unconventional play technical expertise. In its first 18 months of operations, the Company has built an attractive platform of assets: An oil-prone, exploration block in the Assam region of India with the three largest E&P Indian firms ONGC, Oil India and GAIL; four exploration concessions covering 1,000,000 acres in the prolific Pannonian Basin of western Romania and a 500,000 acre exploration block onshore Morocco where conventional and unconventional oil potential has been delineated. The Company has also established oil and gas production in Canada. The Company is now poised to enter operational phases in Romania, where it will be fully carried by its partner Gazprom-controlled Naftna Industrija Srbije in a seismic and 12-well drilling program commencing in 2012/2013. The Company will operate geological field work and a seismic program to firm up drilling locations in Morocco. The Company is well funded to cover all anticipated seismic and drilling operations through 2012/2013, with funds available to secure other exploration and/or producing properties.
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.