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

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Comment by lageorgeson Jul 29, 2018 7:10pm

67 Views

Post# 28383305

RE:Questioning Deal Value w/o Better Warrants Considerations

Lane my only comment is to repeat my previous on the cost of transaction if those in on the pp exercise their warrants. One share and one warrant is $0.35. It takes two warrants to buy one share at $0.60 in the next 18 months.
So to exercise the warrant to buy one share the math is 2x $.0.35 + $0.60= $1.30
The cost of 3 shares is $1.30 divide that by 3 for the per share cost after exercising the warrants and you have an average cost of 0.4333 per share.
in addition the company gets the money raised through the sale of the warrants which conceivably will enhance sp
while what these pp investors pay is $0.03 cent more than what EW shareholders pay it is not unusual for pps to be done at a discount. This in my mind is a modest discount.
Im happy Mr Sidoo took this initiative and responded to shareholders concerns. Who knows what the future holds for the O&G assets. I hope they are sold in short order, and I doubt that they will be given away when they are sold
I hope the endeavour will be successful and I intend to vote in favour of the proposal
GLTA