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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 carinthianon Nov 12, 2014 10:03am
204 Views
Post# 23120040

RE:RE:RE:more stock repurchase 11/10/14

RE:RE:RE:more stock repurchase 11/10/14
Herb might be busy now being a director over at BRI. ;-)

I think one reason might be that Katusa from Casey put the stock on sell and I am not sure but I think his funds might have been invested in EW as well so given how many readers he has and how much fund money ight have been invested this could be another explanationof what we saw in the stock price.

The big bang for me is Romania.PERIOD. With the sanctions against Russia, NIS being a subsidiary of Gazprom this might be a reason drilling is delayed even more (another 6 to 12 month) which is disappointing but as production in NZ is flowing enough buck to survive waiting I personally am willing to do say as NIS could take 120mio to work without EW needing to pay a buck.

Just my personal thoughts. DYODD
carinthian
Bullboard Posts