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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 Aug 08, 2020 8:35pm
86 Views
Post# 31383614

RE:Now time has arrived

RE:Now time has arrivedAssuming NIS doesn't soon announce that EX7 and EX8 are commercial, then I agree we should take one of the following alternatives: 1) Find a near term prospect which will bring near term returns or 2) payment of a 2 to 3 cent dividend to our long suffering shareholders. The second option should grab some attention for EW so that we would start to trade at a multiple of cash. Currently we are not even trading at our cash value, which shows how much Sidoo and the BoD that supported him really destroyed share value! What scoundrels they all are. Again the exception is Haney.
Bullboard Posts