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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 May 02, 2018 6:23pm
52 Views
Post# 27973203

RE:RE:RE:Management ?

RE:RE:RE:Management ?Mirage. As I stated in a previous post, I think the 500,000 share option "awarded" to Dylan is a good thing, if it serves as an incentive for Dylan and his dad to advance the interests (including the stock price) of EW. Having said that, I have not seen any evidence that Dylan (or anyone else for that matter) has updated the website or otherwise promoted the interests of the company, since the option was awarded. So one must conclude that Dylan received the option because of nepotism. It would not be the first time a relative of the CEO of a company received a benefit like this. After college and a successful career in the Canadian Football League, David Sidoo went to work for Frank Giustra at Yorkton Securities, where he learned the securities business. Mr. Giustra, now a billionaire, has made his fortune as a founder and investor in numerous natural resource companies, including gas and oil exploration and gold mining companies, amongst others. It appears that David Sidoo and now his sons, are trying to emulate that formula for generating wealth, by founding and investing in numerous companies as well. Personally, I wish them all good luck and good fortune! However, I do not want them to forget about their investment in EW and their obligations to all of the stakeholders in the company. Max Sali seems like a decent guy, so I am surprised that he has not responded to reasonable inquiries. The fact remains that the opportunities enumerated in the articles published by Long Player and Value Digger are even better today, as when the articles were written, because the facts on the ground in Romania are playing out even better than expected. I remain of the opinion that EW partner, NIS Petrol SRL, will be very successful with their drilling for oil and gas on EW leased land in Romania and when they make the announcements, the Canadian investors and other wise investors the world over are going to jump to purchase the shares of EW. Those that do not invest in the meantime will be reciting over and over, "I woulda, coulda, shoulda invested at 8 or 9 cents (U.S.) in EWPMF." GLTA. Vikingman.
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