East West Petroleum Corp V.EW

Alternate Symbol(s): EWPMF

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 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.

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East West Petroleum Corp

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Comment by carinthianon Aug 02, 2013 10:26am

179 Views

Post# 21646222

RE:RE:RE:Share price

Hi!

don't know what they did the last year but their current view seems to be that way.

I'll ask him to copy paste me the last comment but cannot promise.

The question for me is if they get lucky in New Zealand they should be in the lucky position to be self funding? I am just thinking if they hit on 4 of the 9 wells and get 50% of it this should be quite a good cashflow? And they get their money 100% back before it's shared - not sure on all wells but...

so if they hit I personally cannot see why they sell as the company should be derisked after that?

just my thoughts. Dyodd
carinthian

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