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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 Apr 03, 2019 6:29pm
112 Views
Post# 29579074

RE:RE:RE:Very Postive News

RE:RE:RE:Very Postive News
Lane.Freeman: In the Merger Agreement Announcement, Nick Demarre signed as the Interim CEO. If the Sidoo's and DeMarre are not playing games with the stockholders and the replacement of Dylan means he is no longer on the BoD and does not inherit the CEO title as JungAheer implied, then only one Sidoo remains, David. Even David BoD tenure may be short lived. He may need to leave because of his indictment and future pleading to a guilty charge or if David decides to minimize his chances of going to jail by divesting of any company where as a BoD he pushed through or attempted to push through cannabis ownership (it's still a Federal Crime in US). These companies where he pushed cannabis are: EW with the Juva Life deal, Seaway Energy Services / Sweet Earth Holdings and National Green Biomed. If we have a BoD minus the Sidoo's that's great, however there are two other items we need to monitor closely. Who is this Brown and who nominated him? Was it David? Also, Nick DeMarre is no boyscout. He was on our BoD when decisions were made to use EW money for another company where Nick was on BoD. Also eventhough in the Advantage Lithium deal where Nick wasjust on EW's BoD, he was EW's CFO and should have known that EW investments were being made in Advantage Lithium where David was on the BoD. Bottom-line, a good first step to remove Dylan, but more must be done to clean-up EW's BoD from conflicts of interests.
Bullboard Posts