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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
Comment by Jman1076on Aug 26, 2019 4:46pm
96 Views
Post# 30067457

RE:RE:New EW Article - with 2 new facts!

RE:RE:New EW Article - with 2 new facts!1) My take on this is Gazprom has negotiated an extension of an agreement moving from 1 month to one year to move oil to the refinery. This is a good sign showing that oil is flowing. It also means that in the not to distant future, I believe NIS will call the T -1000 well commercial. 2) Also Gazprom is planning to spend about 600 million euro's in the mid to long term in Romania. I can't remember the exact number, but previously Gazprom / NIS committed to EW to invest C$60 million to develop EW 4 leases. Although this includes 2 other leases, in my mind they know something is there e.g. oil and they now have plans to invest 10+ times the amount that they previously committed to. Bottom-line, IMO, after much waiting the train is about ready to leave the station. Those who don't get aboard now, will be left behind!
Bullboard Posts