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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

Comment by Vikingmanon Feb 21, 2021 12:26am
130 Views
Post# 32620561

RE:Viking!!!!

RE:Viking!!!!MestQalander. Thanks for the shout out. I have been here all of the time. Watching and patiently waiting. Occasionally chatting with JMan. I have been slowly adding to my significant position, buying between 3 and 5 cents. I am happy with the present board of directors and believe that 2021 will be the year of higher prices in EW shares (EW and EWPMF). New Zealand is back online and generating positive cash flow. Our positions in lithium shares and other securities are up in price and will be sold and combined with our  increasing cash in the bank. The light at the end of the tunnel with Covid-19 is in sight, as vacines will be getting to people all over the world by year end. The supply and demand for oil are getting back into balance and renewed travel over the next few years will bring jet fuel back in balance. This is the backdrop necessary for a reasonable disposition of our assets in Romania. The board is very conscious of preserving our cash and minimizing our burn rate. For all of the aforementioned reasons, I remain bullish on EW shares and think 2021 and beyond will bring higher prices to our shares of stock. Best wishes to all!
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