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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 mirage2014on Dec 24, 2017 11:54am
92 Views
Post# 27223886

RE:RE:RE:RE:Sidoo YouTube Interview

RE:RE:RE:RE:Sidoo YouTube Interviewlageorges, I agree wih you on all points. I don't want a buyout at these levels, as I truly believe there is a potential for EW to make a VLE type move higher next year. I also feel EW can do very well in Romania with NIS as their partner, and leading the way. However, with all that said, I could see NIS buying out EW so they can have full control, and move at their own pace without having issues with eventual funding requirements from EW. IMO, Tag Oil could easily acquire EW's assets in NZ, and TAG is looking to add assets/BOEPD, as stated in their last quarterly report. The next few months will be very interesting. Merry Christmas, and Happy Holidays to all.

Time for a spicy bloody mary.....Cheers!
Bullboard Posts