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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 Thedondomon Feb 07, 2020 1:15pm
72 Views
Post# 30659131

RE:RE:An Interesting Read

RE:RE:An Interesting ReadLots of ignorant people think that 95 million barrels consumed a day is for gas. In reality, only a third is. Majority of oil is used in products like plastics, clothing, manufacturing of all sorts. So stopping oil today might help the carbon foot print, but it would also send the world back 200 years in time as we would need to wear hemp clothing, ride rickshaws, and live in straw/mud huts, and so forth. Electric vehicles could take over all transportation today and we would still need oil. The cheap easy stuff is going away fast. Key now is being part of companies like EW where the balance sheet is clean and there is great upside potential. If G&A is reasonable and books are good, small cap companies can still weather the storm. 
Bullboard Posts