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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 Dec 04, 2019 1:46pm
70 Views
Post# 30421753

RE:RE:How i voted

RE:RE:How i votedI believe there are over 3 million options currently in BoD hands that have not yet expired. If the stock moves to 50 cents to a dollar, the Board as more than enough incentives from them to drive EW,. That would equal 1.5 to 3 million for sitting on their duff as NIS drills the wells. I'm not in favor of granting all these additional shares to a Board that got us into this mess ( think JuvaLife, Advantage Lithium, American Helium and Seaway). I say no to the new stock option plan. If they need an additional 1 million shares to set aside for newly elected BoD members and a consultant to reside in Romania to watch to ensure NIS / Gazprom doesn't screw us, send this type of plan back to share holders for approval, but not this monstrosity. Do not vote for this plan unless you want to reduce the value of your shares.
Bullboard Posts