Bullboard - Stock Discussion Forum East West Petroleum Corp EWPMF

Primary Symbol: V.EW

Energy Oil & Gas E&P

East West Petroleum Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration, development and production from certain of its oil and gas properties. Its portfolio consists of interests in exploration concessions in New Zealand and Romania and producing properties in the Taranaki Basin, New Zealand. In New Zealand, it holds a 30% working interest in the... see more

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TSXV:EW - Post Discussion

East West Petroleum Corp > My updated valuation on NZ and cash - Romania potential excl

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Post by Dragoon on Mar 25, 2022 1:19pm

My updated valuation on NZ and cash - Romania potential excl

With current production based on last financials:
https://cdn-ceo-ca.s3.amazonaws.com/1h3rjtp-EW%20NZ%20250%20production.png

And this is my EW valuation with NZ and cash - Romania excluded with large potential - if they can double the production based on historic production. Workover was planned this month according to the financials. Quote: ''The Cheal E-6 went offline due to downhole related issues which appear to be a wax plug. The operator is currently carrying out rod work and plans to install a new pump while the well is off line. The Cheal E-6 is scheduled to back on-line in March 2022.'' (MDA page 3)
https://cdn-ceo-ca.s3.amazonaws.com/1h3rtvl-EW%20NZ%20500%20production.png

Let's not forget that Europe - and specifically Romania - needs gas and Romania is part of the European Union and NATO.

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