East West Petroleum Corp V.EW

Alternate Symbol(s): EWPMF

Energy Oil & Gas E&P

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

East West Petroleum Corp

Bullboard Posts

Comment by Jman1076on Feb 25, 2020 5:10pm

86 Views

Post# 30732902

RE:Cash in the books vs well costs

Emile33: There might be some other infrastructure required too. It's been a while, a couple of months ago, we picked up intel from articles that NIS / Gazprom were looking to reverse a pipeline that previously ran from the refinery in Serbia to Romania. The revised purpose is now to take the oil from EX-7 & 8 to the refinery. I assume that NIS & EW would both need to pay for that. If my guess is correct, EW portion of the cost would be 15%. Who knows what switching that pipeline and connecting to EX 7 & 8 will cost. My guess with that we could pay for our portion plus 3 to 4 wells.

Bullboard Posts

Geologica Resource: Polymetallic upside at a depressed price