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East West Petroleum Corp V.EW

Alternate Symbol(s):  EWPMF

East West Petroleum Corp. is a Canadian exploration and production company. The Company is pursuing conventional exploration and development oil and gas opportunities around the globe. In Romania, the Company has exploration rights in two exploration concessions, including EX-7 and EX-8.


TSXV:EW - Post by User

Bullboard Posts
Post by Jman1076on May 30, 2019 4:08pm
135 Views
Post# 29786448

June Could Be a Good Month

June Could Be a Good MonthIn June, we have several events that may help EW. 1) NIS is scheduled to hold its ASM on 6/30. Hopefully at that time they will be able to share updates from Romania. 2) We should have 3 months of production testing from Teremia 1001, hopefully the results will be good. 3) the EW announcement on 4/23 stated that during June, NIS will perform some additional production testing of Teremia 1000, looking for good results from this well too. 4) Hopefully, EW will be able to sell its NZ assets to TAG's buyer. I recently noticed that TAG's production has reached 1,800 BOE/D of which Cheal is most of their production. With EW ownership equaling 30 percent of Cheal, we should receive a fair amount for this asset. Before the water flooding, I believe TAG's production was around 1100 - 1200 BOE/D. All the above events bode well for EW and the Long Suffering Shareholders. GLTA
Bullboard Posts