East West Petroleum Corp V.EW

Alternate Symbol(s): EWPMF

Energy Oil & Gas E&P

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

East West Petroleum Corp

Bullboard Posts

Post by lageorgeson Apr 18, 2018 6:47pm

79 Views

Post# 27907758

Greetings

Havent posted in a while as I thought it best to wait for something positive to discuss...in that regard I have been waiting for the NIS 2017 annual report to be issued it should be in the short term last year it was issued on April 28, 2017...perhaps there will be more news to inform EW shareholders on developments with their investment....
As I noted previously I have been divesting at these levels...and took the 30-40% loss...which i know is a pittance compared to what some of you have lost over the YEARS you have been invested in EW....aside from the direct loss, there is so much opportunity lost...some of the equities ive redeployed to in the last two months have doubled, some in oil have increased 60-70% not because im a good trader...any decent investment in the industry at the moment is likely to reward you well ....sometimes its just better to walk away and start anew
That said I must say that the treatment shareholders have received from the company and its officers is deplorable , not just the poor performance which is bad enough but the total contempt and complete silence is reprehensible I for one will never invest in a related company ...im sure that wont send shockwaves through the markets, but if many do it will at least rob them of the pipeline into investors pockets.
I see AAL is just barely holding a dollar and volumes are low, im not sure if this company has been operated in the same manner but the results are certainly beginning to look the same there too...I posted to the AAL board a while back and was surprised by the critical response i got from someone i can only assume was linked to the company . So feel free to help your fellow investors and tell you story on the related boards ...maybe others can be saved from the same fate.
Next steps for the group perhaps those interested can post their thoughts Im thinking having met with no success through a contained and polite campaign it is perhaps time to consider setting up a formal leadership group and ratchetting up the efforts to pressure the company to perform and meet their obligations to shareholders...
Stay well all