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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
Post by Jman1076on Dec 02, 2019 3:05am
118 Views
Post# 30412086

Have you voted?

Have you voted?If not, please do so by 12/9. This must be done by then to gave it count at the Annual Meeting on 12/12. It is important for 2 main reasons. We still have a BoD who supported Sidoo in bad decisions. Think JuvaLife, American Helium and Seaway. All of these ventures have lost share value and EW was invested in them with Sidoo, his son or Nick Demare on the other companies Board. I don't know about you, but I don't like folks who use EW money to make money for themselves in director fees. It's our money not their money! Here is my suggestions you should also think about as you vote: 1) all current BoD had to approve the circular to put it forth for the 12/12 annual meeting. With this in mind, only Haney, who is not yet a BoD member, escapes this bad decision. I recommend that all Stockhouse and Seeking Alpha EW shareholders 1) approve Haney and withhold your vote for all other directors, 2) rejecting the ill conceived 10 percent stock option plan - the maximum stock option plans at well run companies never exceed 3 percent of outstanding shares. 3) also vote for the auditors and 4) vote in favor of setting the new maximum for directors at 4 members. Now is the time to be decisive and take back control of this company from BoD who are either too lazy, too dumb or who values are questionable.
Bullboard Posts