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 Aug 20, 2018 2:54pm

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Post# 28488215

RE:RE:EW must sell its energy assets NOW WITHOUT going private

Im not sure Sidoo said he wasnt going to pay out any liquidation of leases to shareholders i believe he said re investing it was one option but dividend was another
Look at the charts for seaway and AAL both companies are down from their all time highs but still up substantially from the ipo I cant remember the names of the other cos
EW is down since Sidoo took over but so are most oil juniors ...add to that the leases are in Romania. My complaint has always been lack of promotion ... which in hindsight gives me some comfort knowing that he hasnt tried a pump and dump on unsuspecting new investors
The recent update on Romania may also have increased the potential sell price from the interview date where Sidoo said 10-15 million.
The issues i think is can be regarded as fair complaints are the concerns that existing shareholders arent getting enough for the 4 million when compared to the private placement investors, and the possible privatization of the oil and gas lease holding co.
would rather stay on the TSX but there are good arguments for moving to the CSE
thats my two cents not worth anymore than anyone elses opinion i wish you all prosperity