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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 18, 2020 3:17am
88 Views
Post# 30568211

RE:RE:Board

RE:RE:Board GoldenOrb. I would respectfully point out a simple math error. You wrote " 10% of the "weighted average number of common shares" @ 89,585,665 which = 895,857 options ..." 
Actually 10% would be 8,958,570 options. A factor of 10 times more than 895,857 options you calculated. My understanding is that the 1.3 million options signed off on are about 1.5% of the averge number of shares and are the total options, not 1.3 milllion per Board member. Though I respect and understand the disgust expressed by Jman and others on this message board, which is based largely upon hte bad actions by current Board members in concert with Mr. Sidoo in the past, I believe the mangement of this Board going forward is no longer influenced or corrupted by Mr. Sidoo. I think the Board is going to be laser focused on maximizing shareholder value, conserving existing cash and exploiting the assets in Romania along with our partners in Romania at NIS Petrol SRL. I am optimistic that forces are finallycoming together that will propel the price of EW shares much, much higher.
Bullboard Posts