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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.


TSXV:EW - Post by User

East West Petroleum Corp
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(18)
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Comment by GoldenOrbon Jun 14, 2018 6:53pm
61 Views
Post# 28175076

RE:RE:RE:RE:RE:RE:RE:Our US DPF just hit the bid @ 0.0693/11K shares...-19.41%.

RE:RE:RE:RE:RE:RE:RE:Our US DPF just hit the bid @ 0.0693/11K shares...-19.41%.At this point all this ATH, Market Maker etc is moot.  NIS as our savior only proves out with one commercial well after another coming on line in Romania.  Romania has proven to be a bureaucratic mess, a permitting morass.  6 years in the making & NIS still doesn't have a clear path to "drill baby drill".  NIS has deadlines on EX7 & EX8 to drill two wells per before Dec. 31st.  We all are holding our breath, just pray we all can reap benefits from multiple commercial hits on all EW Romanian concessions, we deserve it after this very long slough.  We NEED results & not three years down the road! Then & only then & even with Sidoo on the sidelines will we reap a very high PPS.  If NIS hits consistently I would say a buyout would be justified.  
Bullboard Posts
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