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East West Petroleum Corp V.EW

Alternate Symbol(s):  EWPMF

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 Petroleum Exploration Permit (PEP) 54877 and the Petroleum Mining Permit PMP 60291 (Cheal East). PMP 60291 is the location of the Cheal E-Site and the Cheal E-site production facility as well as the Cheal-E wells. The oil and gas production comes from over five wells on the Cheal-E site, the Cheal-E1, E2, E5, E6 and E8 wells. It also has interests in over four blocks, Tria (EX-2), Balle Felix (EX-3), Periam (EX-7) and Biled (EX-8), which covers a total of approximately 4,079 square kilometers (1,007,500 acres) and are located in western Romania on the eastern margin of the producing Pannonian Basin.


TSXV:EW - Post by User

Bullboard Posts
Comment by Maggson Oct 22, 2011 10:39am
316 Views
Post# 19172883

RE: RE: Can't beat it...

RE: RE: Can't beat it... Exactly! Well said...The properties are free at this point. This company clearly is being very careful with the money they have raised and I really like the approach they are taking. I find it extremely exciting to buy companies at cash value. I have followed this story since they came public and have been watching and waiting to see what would come of that first deal and unfortunately for whatever reason they decided to part ways and it sucks when shares were bought at much higher levels, but the reality is, we all have to live with our decisions on when we buy and if we use stop losses to protect our capital. I am forever on the alert for more downside in any stock I buy...But it's pretty tough not to buy companies like this that are trading at cash on the books with partners lined up to absorb some risk and properties that have huge potential...There are no guarantees in life and only time will tell here but reading thru all the filings on sedar really got me digging deep into the couch cushions and I am very comfortable with my truck load of shares...Now let's have some patience and see what develops...and then make some huge cash!
Bullboard Posts