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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 Vikingmanon Jan 09, 2020 12:49am
93 Views
Post# 30533250

RE:RE:Kevin Hanney

RE:RE:Kevin HanneyRyanEU. A number of the larger EW shareholders, including myself, supported and promoted the idea of Kevin Haney joining the Board to ensure that our voices are heard and our interests represented. Kevin is a respected Canadian businessman with over 20 years of experience in the oil industry.

JMan has good reason to be skeptical of the other three board members, based on their past performance. However, it is my understanding and sincere belief, based on conversations with managment, that going forward, all four members of the board will act to build shareholder value and otherwise manage the company in such a way that is aligned with shareholders' interests. This represents a welcome change and a new chapter in the history of EW and bodes well for maximization of shareholder value as partner, NIS Petrol SRL, continues to explore and drill in Romania.
Bullboard Posts