EW is conserving its cash ...as 2020 quickly approaches, many wells will be drilled by partner NIS Petrol SRL in 2020. Some of these wells will be declared commercial and EW will be responsibile for 15% of the expenses of those wells declared commercial. The good news, based on prior seismic studies and the high price of Brent crude,is that the resulting cash flow to EW will support and substantiate a much higher price of EW shares. Currently, EW shares are trading at a level that equates to EW's cash in the bank, with the Romania assets priced at zero! Once the wells start producing revenue, EW shares should trade at much higher prices. EW partner, NIS Petrol, continues to spend money to explore and produce oil and ultimately profits for its shareholders (Gazprom and the Government of Serbia) and its partner, EW. The long awaited turnaround of the price of EW shares is looking very positive for 2020.