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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 Nov 15, 2019 2:53pm
104 Views
Post# 30358034

RE:Management information circular: share ownership by BofD

RE:Management information circular: share ownership by BofDI am of the same mind re Director's ownership I dont understand why they wouldnt have more skin in the game except perhaps that they knew there was no urgency given the fact that until last year the wells werent up and they still arent commercial I am glad to see Mr Haney arriving with some holdings. Given the recent info from NIS and this change in BOD membership if it is going to turn around it would be now 
As other have postedbased on the rationale given and the recent history i wont be supporting the stock option plan. Also while I plan to support Mr Haney's candidacy on the Board I am uncertain how i will vote for the remainder of the board members I am leaning towards withholding on all but Haney however there is an argument for keeping at least one other current Board Member for continuity's sake... other thoughts anyone?
Bullboard Posts