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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 Jun 05, 2013 12:00pm
144 Views
Post# 21487248

RE: RE: RE: RE: Unbelievable..

RE: RE: RE: RE: Unbelievable..

Well said....Nothing could me more true! For someone who is not generally a risk taker, I would agree that a company like EW, at the very least with the cash, would be one to take a shot with. But their history has been horrific which does not inspire any confidence at all. On the flip side for me, the money I use for the juniors is money I don't want to lose but can afford to take the loss if it happens. I am looking for the 5-10 bagger here to set me free of the working world. That would be sweet and for a awhile I had high hopes for EW with all that cash and partners,connections,experience and blah,blah,blah but that has since died a very slow death. But that old adage, no risk no reward is one I fully embrace in my life...Good luck to you and us!

Bullboard Posts