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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 Jman1076on Apr 30, 2020 11:35pm
156 Views
Post# 30974582

RE:RE:Current situation

RE:RE:Current situationI can't say this for sure, but my reading of the situation is that Kevin is a pure businessman who has turned around several companies and he is not stupid with his time or money. I'm sure he believes with his input, the Board will make good decisions with it's current assets. He is not one to hold too long or sell if the price isn't right. In my mind, Kevin sees that EW's future is bright, whether or not it stays with our Romanian assets. We have plenty of cash and if NIS or some other entity buy us out we will have even more money to invest. There are many ways to make money for us in the future, either by staying in partnership with NIS or going our own way. By buying EW shares, Kevin is betting on EW's future and I wouldn't bet against him. I'm just glad he is on the Board. He is the only one I trust who is there.
Bullboard Posts