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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 kab3466on Aug 08, 2017 5:08pm
102 Views
Post# 26558322

RE:RE:Sidoo's goal is to sell the company for a nice profit.

RE:RE:Sidoo's goal is to sell the company for a nice profit.My only point is understanding Sidoo's history and what his plans were/are for EW and the timeframe he had for this company. He buys companies, builds them, then sells them in a relatively short period of time. This is what he did with American Oil & Gas and what he has stated in interviews as to his intent with EW. This is not a long term deal for him and as a shareholder, I like to know this information.

The beauty of owning stock is that you can sell it if the company isn't meeting your expectations, sometimes for a loss but only I am to blame if I allow that to occur (and that has occurred). I'm holding for now as I am at a cost per share that I am comfortable waiting it out to see what develops, as we are all just speculating at this point.

Remember:  we all have different experiences and perspectives, and should feel free to share because we just may get a grain of insight from someone else. And if we don't, nothing lost. I appreciate the many who have made posts as I freely admit that I am not an expert, just as I would expect not everyone on this board is, as well. 
Bullboard Posts

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