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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 GoldenOrbon Jul 22, 2018 9:45pm
76 Views
Post# 28351121

RE:GoldenOrb, just curious,....

RE:GoldenOrb, just curious,....I am addressing sam's continuous posting of where the 4 million is coming from, the ambiguity etc..  I am not disagreeing with your point, never did.  At this point I only want to see how the financial transaction for the 4 million is going to actually work.  Maybe most aren't interested.  Newco could front the security of 4 mil as collateral without spending our dwindling cash position OR selling the AAL & Seaway shares to cash.  Yet maybe Newco will HAVE to deliver the cash over to EW/to be NUVA LIFE Corp which will diminish our cash position & deteriorate share value, see what I mean?  That is what I am posting about & lageorges understood my point.
Anyway we shall all see how the structure of the financing will be set-up soon enough.  Hopefully in two months or less.  All this has to be brought before a special EW shareholder meeting w/proxies sent, which takes time to arrange.  All the legal work has to be right.  Hope this clears it up for you.
Bullboard Posts