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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 Jman1076on Mar 14, 2019 6:42am
72 Views
Post# 29483607

RE:More News....

RE:More News....As a follow-up to the story on his kids, I sent this on to the Vancouver Sun. ------------------------------------------------------------- Dylan Sidoo was appointed to East West Petoleum's BoD's by is dad, David. But he has no known Oil or Gas experience. Together they control EW's voting power of the BoD. They are now attempting to use that power to use EW assets to do a reverse merger with Juva Life. At the completion of this transaction, David Sidoo will be on the BoD of Juva Life and he will take EW private so he can gain a greater ownership position of EW. The interesting thing about this reverse merger move is that it only started to take place after EW's partner in Romania struck oil. Bottom-line these are privilaged kids, but David is also using them to acquire even more wealth for himself
Bullboard Posts