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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 lageorgeson Jul 18, 2018 7:40am
61 Views
Post# 28331418

RE:EW's deal: Energy assets remain + 10% in Juva's Cannabis!!

RE:EW's deal: Energy assets remain + 10% in Juva's Cannabis!!
  • The exercise of the warrants would add another 6+million to the Juva treasury if they are exercised within the next 18 months. Am not certain of their fiscal situation but im assuming DD suggested they were viable ....beyond that who knows at this point but the timing in good in this sector with legalization in Canada and similar moves elsewhere in the world there will be a lot of action in This sector and this will bring attn to EW from potential investors putting this company on the radar . Also i note the sector was/ is full of wannabes and a lot of consolidation is taking place therein which offers other potential as well.
  • As with Sidoo’s entry into other sectors ie crypto, lithium etc the excitement around these sectors often leads to significant price movement EW with its ownership of oil and gas assets will have a unique status among that group and possibly position it well among potential investors who would see this as foundation of a solid enterprise.
  • Have reviewed the CSE issue and yes fees are less regs are very diff it appears some companies have moved to the CSE and “transformed” through complex restructuring such as this and move back to the TSX once the dust has settled on all the changes. Also there is nothing to stop Newco from listing there at any time
  • Some outstanding questions that others have mentionned are left to be answered ie where will the non cash assets end up
  • All in all with the info available i like it and if its still trading on US otc im buying more GLTa
Bullboard Posts