Agreement for the Sale of New Zealand Oil & Gas Properties
Agreement for the Sale of New Zealand Oil & Gas Properties
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2023) - East West Petroleum Corp. (TSXV: EW) ("East West" or the "Company") reports that it has entered into an Interim Agreement ("Interim Agreement") for the sale of its oil and gas interests in New Zealand (the "Cheal Block").
不列顛哥倫比亞省溫哥華--（新聞文件公司-2023 年 11 月 1 日）- 東西方石油公司（TSXV：EW）（“東西方” 或 “公司”） 報告稱，它已簽訂了出售其在新西蘭的石油和天然氣權益（“Cheal Block”）的臨時協議（“臨時協議”）。
The Company currently holds a 30% interest in PMP 60291 and the Interim Agreement contemplates the purchase of the Company's interest in the Cheal Block by the 70% owner. The key terms of the Interim Agreement are as follows:
該公司目前持有PMP 60291的30％權益，臨時協議考慮由70％的所有者收購該公司在Cheal Block中的權益。臨時協議的關鍵條款如下：
- Purchase price of US $1,000,000.
- Effective date of sale is July 31, 2023.
- Purchaser assumes all reclamation obligations, which are estimated to be US $633,820.
- Contingent consideration of US $350,000 should an additional well be drilled and completed.
- Deposit of US $250,000 on signing definitive agreement.
- 購買價格爲100萬美元。
- 銷售的生效日期爲2023年7月31日。
- 買方承擔所有回收義務，估計爲633,820美元。
- 如果再鑽探和完井一口井，則有35萬美元的或有報價。
- 簽署最終協議後存款25萬美元。
The terms described herein are binding under the Interim Agreement but subject to the negotiation and execution of a definitive agreement. In addition to the definitive agreement, the transaction is conditional upon all necessary New Zealand Government approvals, regulatory and exchange approval as well as approval of the East West shareholders.
根據臨時協議，此處描述的條款具有約束力，但須經最終協議的談判和執行。除最終協議外，該交易還取決於所有必要的新西蘭政府批准、監管和交易所的批准以及東西方股東的批准。
In connection with the required shareholder approvals, an annual and special meeting of the shareholders of the Company has been scheduled for December 15, 2023.
關於所需的股東批准，公司年度股東大會和特別會議定於2023年12月15日舉行。
On Behalf of the Board
代表董事會
Nick DeMare,
Director & Interim CEO
Nick DeMare，
董事兼臨時首席執行官
1305 - 1090 West Georgia Street, Vancouver, BC, Canada, V6E 3V7
Tel: 604.685.9316 | Fax: 604.683.1585
加拿大不列顛哥倫比亞省溫哥華市西喬治亞街 1305-1090 號，V6E 3V7
電話：604.685.9316 | 傳真：604.683.1585
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.
多倫多證券交易所風險投資交易所及其監管服務提供商（該術語在多倫多證券交易所風險投資交易所的政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
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