November 23, 2014 5:30 PM ET

Oil, Gas and Consumable Fuels

Company Overview of International Western Petroleum Corporation

Company Overview

International Western Petroleum Corporation, an oil and gas company, specializes in the U.S. explorations and global acquisitions of oil and gas companies with a focus on the North American region. The company, through its subsidiary International Western Oil Corporation, operates leasehold oil and gas reserves in the Central/West Texas region of the United States. International Western Petroleum Corporation was founded in 2013 and is based in Moncton, Canada.

96 Norwood Avenue

Suite 214

Moncton, NF E1C 6L9

Canada

Founded in 2013

Key Executives for International Western Petroleum Corporation

Chief Executive Officer and President
Age: 26
Vice President of Operations
Chief Geologist
Age: 74
General Counsel
Compensation as of Fiscal Year 2014.

International Western Petroleum Corporation Key Developments

International Western Petroleum Corporation Announces First Hit of the 4-Well Program, Bend Arch Lion 1A, Texas

International Western Petroleum Corporation announced the result of Pittard Bend Arch White 1A well as the first oil well made of the 4-well program Bend Arch Lion 1A JV located in Coleman County, Central West Texas. The first zone will test is the Ellenburger; this is the zone that was main target. After reviewing the cuttings from the Ellenburger zone and looking at the micro log, staff likes the fractures in this zone and the samples caught drilling through the zone. There were 4 samples that were very strong in Hydrocarbon odor and had 60-70% fluorescents with a good flash cut and res ring. With staff reviewing other open holes logs of known wells producing out of the Ellenburger formation, expectations are to produce the Ellenburger zone and then work way back up the hole to the shallow zones of this well.

International Western Petroleum Corporation Announces Preparation to Drill First Well of 4-Well Programme

International Western Petroleum Corporation announced the start of a four well drilling programme on the prolific Bend Arch Lion Lease, Central West Texas. IWPO has permitted the first four oil wells to be drilled one after another on the Bend Arch Lion Lease, which totals 777.5 acres. With the four wells permitted and the drilling pads already being built, the company intends to drill each of the four wells to a total depth of approximately 4,700 feet. In addition, IWPO expects to encounter a total of five different pay zones in one well bore.

International Western Petroleum Mulls Acquisitions

International Western Petroleum Corp is seeking acquisition opportunities. International Western Petroleum intends to expand operations to acquire more production wells and new leases for new explorations in West Texas, Tennessee, Oklahoma, Kentucky and Louisiana.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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