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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 Feb 27, 2018 9:24am
77 Views
Post# 27627000

RE:RE:RE:RE:RE:Bid (almost no one any more) - Ask

RE:RE:RE:RE:RE:Bid (almost no one any more) - Ask
     " I don't see a dead end, heck I have had direct talks w/Sidoo & I went away from the conversation secure in knowing Sidoo is doing, both himself & through the two highly trained newer Board members to find an Oil Patch Producer acquisition.  I trust we find that sweet crude deal sooner then later".......


Very interesting and enlightening. Thank you.

Based on this information, if, Sidoo engages in such a deal he could promote it similarly to how he has promoted his other two ventures. In both of those companies the stock price moved significantly higher in a very short period of time after a catalyst(s). Based on that, a "sooner than later" Bakken oil-patch deal could be just the remedy EW needs to build on while we wait on Romania. This move could actually help highlight the potential of Romania to new investors. I also believe based on the timelines provided by NIS late last year that operational updates could also happen in Romania, sooner than later, something that, emile noted eariler.  Just to add, a sale of EW's concession in NZ would be a net positive, IMO. hmmmmmm.
Bullboard Posts