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.

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East West Petroleum Corp

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Comment by Jman1076on Jan 10, 2019 12:25pm

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Post# 29212955

RE:EW versus other Spinoffs, NIS' PRODUCTION plans for Ter-1000

Stockfy: I agree if this was on the up and up, EW Oil and Gas Ltd. would already have obtained it's new trading symbol and the oil and gas assets would be transferred over and we could start trading on the merger date. However, even if out of the blue our BoD accomplishes this, I would not recommend voting for this deal. We will lose our $4mm to purchase 10% of Juva Life shares and the new company EW Oil & Gas Ltd. will need the $4mm in cash assets + $'s we obtain from Cheal to offset what EW will need to pay for our portion of new wells in Romania once they are determined to be in production.

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