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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

Bullboard Posts
Post by danny99on Dec 03, 2014 4:00pm
144 Views
Post# 23191712

Questions on EW?

Questions on EW? I hope everyone knows if they cannot figure out why something is happening, they can call Chris Beltgens who is corporate development for EW. Number is on the website. He can update you and give his opinion on why the stock has come off or whatever you want to ask. In my opinion, a fund or someone had a stop loss or was sick of waiting and sold. All the selling came from house 85 which is Scotia and probably one person had a bunch of stock for tax loss selling. Flow rates for e6 should be out next week ish. Metres of pay is not as great as e1 however given the proximity and the fact that e1 is still flowing naturally. e6 could come in a at a few 100 boe a day and stay that way for some time. But this is just me speculating. 
Bullboard Posts