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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 Vikingmanon Apr 13, 2018 11:55am
87 Views
Post# 27879795

Keep your eye on the ball

Keep your eye on the ballLook at the big picture and keep your eye onthe ball. Does anyone reading this message really believe that consumption of oil and gas is going down over time? Of course not! Energy consumption is rising around the world and energy production must keep up with it or prices are going to skyrocket. Now google Gazprom and Europe. Is there any doubt that Russian based Gazprom is and will be one of the leading suppliers of natural gas to Europe and China? Gazprom and its subsidiaries are exploring and expanding all the time in Russia, the former Soviet bloc countries (including NIS Petrol in Romania), the Middle East and South America. After spending $50 million in permitting and seismic studies, etc. in Western Romania, East West Petroleum's partner, Gazprom majority owned, NIS Petrol, is on the cusp of producing vast amounts of oil and gas from the prolific Panonian Basin in Western Romania. We now have, in essense, a stock price in East West Petroleum that is equivalent to a call option on the future of energy and Gazprom's ability to extract it from the one million acres of ground leased by East West Petroleum.  This is an unbelievably bullish set of circumstances and scenario for success and upside potential for the shareholders of NIS Petrol and East West Petroleum. Yet, as human nature is what it is, some shareholders have given up hope after several years of holding a stock that has been going down in price. The old addage is going to apply here. Buy low and sell high. Folks, we are at or near the low and the future has never looked brighter. EW income is going to skyrocket over the next few years and costs are very well controlled. Dylan Sidoo joined the Board and got an option for 500,000 shares at around 13 cents. The Russians know, the Sidoo's know and I know that over the next couple or several years, those 500,000 shares are going to be worth 10 times the amount they are worth now, approximately $5 million. To those people who think it is an intelligent decision to dump $500 to $1,000 worth of shares at a time for 8 or 9 cents per share, you are simply foolish and obviously desperate. In the meantime, I keep buying. GLTA. Vikingman.
Bullboard Posts