VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2011) - East West Petroleum (TSX VENTURE:EW) has granted stock options for the purchase of up to 1,280,000 common shares, exercisable for 5 years at a price of CDN$1.16 per share.
ABOUT EAST WEST PETROLEUM CORP.
East West Petroleum Corp. trades on the TSX Venture Exchange under the symbol EW. East West is an emerging exploration and production company focused on conventional and unconventional petroleum resources.
ABOUT KUWAIT ENERGY COMPANY
Established in Kuwait in August 2005, Kuwait Energy Company is an independent oil and gas Exploration and Production company. The Company's regional offices include Cairo, Sana'a, Baghdad, Basra, Ukhta and Kiev, overseeing operations in seven countries namely Egypt, Yemen, Oman, Ukraine, Latvia, Russia and Pakistan. Kuwait Energy is targeting an initial public offering (IPO) in the London and/or Kuwait stock markets in mid 2011, subject to market conditions.
Contact Information: East West Petroleum Corp.
David Sidoo
Chairman
+1-604-685-9316
+1-604-683-1585 (FAX)
or
East West Petroleum Corp.
Greg Renwick
President and CEO
+1-972-955-7251
+1-972-964-6662 (FAX)
www.eastwestpetroleum.ca