East West Petroleum Corp. has received final approval from the Government of Romania to commence operations on its 1000 sq. km. (250,000 acre) EX-2 Tria Concession in western Romania. The EX-Tria Concession was one of four Romanian concessions awarded to the Company in a 2010 competitive exploration bid round.

Under the terms of the Tria Concession agreement with Romania's National Agency for Mineral Resources ("NAMR"), the Company will carry out an extensive, two-year work program which includes the acquisition of 120 sq. km. of 3D seismic data and 200 km. of 2D seismic data, plus the drilling of three wells. The Company has an option to extend the agreement into Phase 2 by committing to additional work. Earlier this year, the Company completed an Environmental Impact Study (EIS) and an Environment Baseline Study on the Tria block as a pre-requisite to commencing operations.

Tags: East West Petroleum Corp.