2013-09-04 09:05:02 -
The Board of Directors of International Western Petroleum Corporation are
pleased to announce the company have been successfully listed on GXG Markets
First Quote with ticker symbol 'IWPO'. The company is advised by Agem Capital in
International Western Petroleum Corporation is a New-Brunswick, Canada-based
global oil company specializing in value-added acquisitions of hydrocarbon
assets with a focus on the North-American region.
The company completed the acquisition of Texas-based International Western Oil
Corporation in 2013 with proven reserves and rich international track records.
As a revenue-generating production company, the new wholly owned subsidiary has
been recently restructured with equity injection by private placements,
been drilling new wells in the state of Texas, USA with successful results. The
subsidiary, which has a long history of successful international operations,
enhances asset based cashflow for International Western Petroleum. Thanks to a
globally competitive, strategically experienced management team, the company
secured several lucrative oil leases in the prolific Bend Arch region of West
Texas with very attractive hydrocarbon imaging geological survey results,
possessing approximately 1000 acres at present.
While significant capital is expected to be generated from oil sales from late
2013 on, the management of International Western Petroleum Corporation 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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Source: International Western Petroleum Corporation via Thomson Reuters ONE