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IWP’s acquisition of International Western Oil provides access to new E&P opportunities


Published Sep 26, 2013
International Western Petroleum Corporation

International Western Petroleum Corporation, the GXG-listed oil & gas exploration and production company, is pleased to announce that with its 100% stake of IWO completed, this acquisition allows IWPO to have full access to new exploration and production opportunities in the Central/West Texas region of the U.S.

IWO has prospected and secured several lucrative projects in the prolific Bend Arch/ Fort Worth Basin region, which is approximately 120 miles long and 40 miles wide running from Archer County, Texas to the north to Brown Country to the south.

Commenting, Dr. Benjamin Tran, International Western Petroleum’s Chairman, said, “This area has been one of the most active drilling areas of recent times and IWPO's existing leaseholds have the potential of a 100 well drilling programme. This could potentially be a great new piece of business for us.”

Tags: International Western Petroleum Corporation




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