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.

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East West Petroleum Corp

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Comment by lageorgeson Jul 18, 2018 7:46am

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Post# 28331437

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Thoughts?

Good points Samwe will have more answers with the official filing but as it appears here Juva get 4 million cash and a structure that allows them to be traded publically ( those valuations are crazy now and have a crazy upside which could be of benefit to any post restructured company) so current EW shareholders get ten percent of that potential for 4 million and giving up it ticker to Juva... the oil and gas remain separate and owned by current shareholders ... is that everyone else’s understanding ?

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