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International Western Petroleum's Acquisition of International Western Oil provides access to new E&P opportunities


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-09-25 09:05:02 -

25(th) September 2013, London, UK - International Western Petroleum Corporation
(GXG Markets: IWPO), 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." IWPO believes that it now controls the most productive area of the prolific Bend Arch region and is seeking to acquire larger positions in the Bend Arch region. IWPO's CEO Ross Ramsey added, "IWPO is completing new drilling permits on a number of deeper wells for its new project Bend Arch Lion. We consider ourselves very fortunate to own this new leasehold, which is showing very significant hydrocarbon anomalies, according to our recent hydrocarbon imaging studies." About International Western Petroleum Corporation: International Western Petroleum Corporation (GXG: IWPO) is a global oil & gas company specializing in exploration and lease acquisitions with a focus on North America.  IWPO boasts a world-class team of petroleum engineers, scientists, geologists, and global marketers serving major oil & gas companies worldwide. It is currently producing from two wells. For more information, please visit the corporate website: www.iwpetro.com Contact: Lionsgate Communications Jonathan Charles / Jessica Johnson info@lionsgatecomms.com T: +44 (0) 20 3697 1209 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: International Western Petroleum Corporation via Thomson Reuters ONE [HUG#1731080]


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