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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 24, 2019 1:36pm
172 Views
Post# 30488348

Happy Holidays

Happy Holidays Happy Holidays to all. I have many things to be thankful for both on my personal life and investment life. When it comes to EW, I am thankful that we have finally turned the corner. We added a absolute pro O&G guy (Haney) to our Board and outstead a CEO, (Sidoo), who wasted our assets on several dubious deals. I believe we are on the cusp of multi-legs up due to our Romanian assets. My wish is this Board becomes more active in managing the NIS / Gazprom relationship and that a few high return wells surface in EX-7 & 8 and that we find significant gas wells in concessions EX2 & 3 which are close to the big producing wells Serinus Energy recently discovered. Happy Holidays to all!!!!!!
Bullboard Posts