East West Petroleum Corp V.EW

What’s Romanias Value?

[Steve12141214]

What value would you put on Romania if they do declare it commercial?   

I would love to hear opinions from this group as some of you have a much better understanding of this.  

My guesstimate is $.60-1.00/ share once declared commercial.  

If NIS buyout deal was offered, what should EW accept?  $20 million? $50 million? $100 million.

[Jman1076]

Steve: That's a hard one to answer. For that reason, I'm hoping for an override (% of revenues) on the million acres. Let's say 2 to 3% of revenues until these acres play out. That could mean 20 to 30 years of revenue (pure gravy) without any expenses for EW. There is plenty of oil and gas there, otherwise Gazprom / NIS would not have already sunk 60 million+ into exploratory wells