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.

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East West Petroleum Corp > EW Q3 Results Summary. Trading Well Below Cash/Asset Levels

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Comment by Roddiggition Jan 15, 2021 8:36pm

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Post# 32312154

RE:RE:EW Q3 Results Summary. Trading Well Below Cash/Asset Levels

100% it is, we are trading below cash value, not including the investments or oil properties. But Julian thinks it's going bankrupt soon, which is pretty mind blowing when you think about it. Based on their cash burn, assuming everything is constant from last quarter, it would take several years to go bankrupt. But oil is going up and New Zealand will be more profitable and valuable.

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