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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 lageorgeson Jan 04, 2018 6:49pm
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Post# 27285116

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Just sent this letter off to Mr Taylor Im sure he would welcome further thoughts and encouragement :)

Greetings Mr Taylor, and congratulations on your recent appointment to the East West Petroleum Board of Directors. You certainly have an impressive resume and your European experience I’m sure will be invaluable in moving the Romanian project along!

 

I know that things have been moving along quickly and with great success at Advantage Lithium and no doubt that has required that BoD members with dual appointments spend quite a bit of time and attention on the AAL files at such a critical time.

 

That said I understand that you have been tasked as the lead for Romania. As a shareholder I am pleased to hearthat someone will be able to dedicate the necessary time to ensure that the company is able to unlock some of the new found value the recent press release outlined ! 

 

I was most pleased with the recent news. Not only with the news of what has been completed but the also with the ambitious plans for further work in 2018.

 

While I have been pleased as with the opportunity to accumulate more equity at such a bargain basement price in the last year, I am also anxious to see at least some return on this investment in the near term.

 

Im sure you will agree we are fortunate to have arrived at something of a convergence of positive factors that we should exploit while “the iron is hot”. 

 

Looking at the 2017 drilling results and plans from NIS, the current Brent price, the Romanian Natural gas price, the increased production in NZ, the cash flow and cash on hand, not to mention the increased value of the AAL equity held by the company, I think the time is ripe to let the market know what a jewel East West is !

 

The company holds assets that few companies of this size could boast of. Certainly no company with a comparable market cap looks this good.

 

Im certain you share my positive outlook and will be working hard in the near future to unlock the value here so as to reward long term shareholders for their patience and loyalty !

 

In closing I hope you can share with me some of the plans for promotion going forward. Will the company be hiring promoters, attending conferwnces etc? Are their plans to bring the company to the attention of analysts?

 

I am anxious to hear of your plans and thank you for listening and responding. 

 

Again welcome, and all the best to you for much success and prosperity in the coming year 

 

Regards

 

      


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