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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 Vikingmanon Apr 18, 2018 12:54pm
52 Views
Post# 27905410

RE:Issues that I have with, EW management.

RE:Issues that I have with, EW management.Mirage. The issues, and associated problems, that you and others have expressed are "spot on." There are no good reasons why the website has not been updated and promotional activities undertakenCorrect me if I am wrong, weren't Ross McElroy and/or David Taylor brought on board, in part, to help oversee and advance EW's E & P interests, among other things, in Romania? Perhaps they can contact Vanja Aleksic, who is the Deputy General Manager - Executive Director for E & P at NIS Petrol SRL, Romania. He is the man responsible for NIS Petrol upstream (E & P). Mr. Aleksic was quoted in industry publications this month saying that "...four concessions are for exploration-development-exploitation activities in partnership with East West Petroleum company (two in Bihor county - EX-2 Tria and EX-3 Baile Felix and two in Timis County - EX-7 Periam and EX-8 Biled)." "... some of which production is estimated to start in at least two years." One would think that Mr. Aleksic and NIS Petrol, in general, would be moving things along at a faster pace, since they are building out their network of retail gasoline stations in Romania, as well as starting to sell electricity generated from natural gas in Romania. I remain cautiously optimistic that the 85/15 partnership with NIS Petrol SRL will eventually yield great financial returns to EW, but those returns cannot come soon enough, as it has been a long wait!   Vikingman.
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