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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
Comment by lageorgeson Dec 24, 2017 10:54am
105 Views
Post# 27223763

RE:RE:RE:Sidoo YouTube Interview

RE:RE:RE:Sidoo YouTube InterviewWhile I share in everyone’s hopes dreams and optimism am not so certain that  there is any indication of a looming buyout ...if NIS were contemplating a buyout i wouldnt think they would want anything beyond the Romanian assets, further unless it was a bargain basement price there is little incentive for them to lock up capital to acquire the remaining 15% of the leases...they are already on the hook for the initial development ...as for other buyers i wouldnt think any other “major” would hve an interest but am interested in other posters thoughts on the subject 
I also agree that the response to the recent news was disappointing but i attribute that to the absence of coverage and awareness of this company i would think that would be easily resolved with appropriate promotion ...at the point its hard to set a value as so much is in the air with the future drilling ... but its definitely a bargain at this point with the info we have at the moment and there is little downside that i am aware of....and finally Merry Christmas all !
Bullboard Posts