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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 RyanEUon Mar 22, 2018 4:17pm
107 Views
Post# 27764507

RE:Brent crude is pushing $70 today.....

RE:Brent crude is pushing $70 today.....

I’ve reviewed EW’s latest financials on SEDAR. They show positive income even without Romania. With NIS beginning construction to produce (on top of Advantage stock doing well and NZ carrying itself), the stock should be under buy pressure from informed speculators who have done their research and know Romania output is coming. Yet, we’re witnessing a rush to sell at basement prices.  What I am not seeing that all the sellers think they see?  It has to be more than the sleepwalking management team. 


Bullboard Posts