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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 > Can they be shopping for a buyer?
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Comment by Steve12141214on Mar 05, 2021 11:27pm
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Post# 32735284

RE:RE:Can they be shopping for a buyer?

RE:RE:Can they be shopping for a buyer?

Everything seems so off right now.

Oil prices rising and in my opinion only going higher.

 NIS is clearly moving forward with ex-7 and they claim it's commercial.   Anyone know what EW portion of cost wouldve been on this field?   I'd assume there would be a definition of what "commercial" means in the contract.  How can one claim its commercial and the other say it's not?  

Wait ten years for it to declared commercial and then back out as the world is about open w oil and gas prices rising.  Makes no Sense to me.  

EW price is less than cash even though they have commercial oil at their fingertips.  

mind blown

dear EW, your shareholders would love to know what the is going on.  All 7-8 of us.  

 

 

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