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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 19, 2018 7:05am
59 Views
Post# 28336986

RE:RE:RE:The price/value of the deal is unclear

RE:RE:RE:The price/value of the deal is unclearFrom my first post i have said that we will need the detail provided in the regulatoryfiling before coming to a final conclusion as to whether or not this is a good deal.
That said this sort of activity is one of the three things  many posters have wanted for quite some time: growing the company. The other two areas requiring improvement were promotion and shareholder communication . 
Sidoo has had good success with forays into hot sectors like lithium, crypto etc with Advantage,Seaway etc.
Where the company has always been weak...shareholder communication. I am reassured in this instance  knowing that the regulatory filing will need to be comprehensive and transparent. Ii will wait patiently for that. The annual general meeting or a special shareholder meeting will likely occur before this is all finalized.
i like the fact that the company is awakening from its deep sleep and unless there is anything of great concern in the filing i will give the Board of Directors the benefit of the doubt and support this initiative.
Good luck to all i think we turn the corner this year with the new TAG numbers, continued drilling in Romania and this initiative. 


Bullboard Posts