East West Petroleum Corp V.EW

Alternate Symbol(s): EWPMF

Energy Oil & Gas E&P

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.

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East West Petroleum Corp > 2 New NIS Romanian Tenders

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Comment by Jman1076on Oct 14, 2020 11:01am

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Post# 31713751

RE:RE:RE:2 New NIS Romanian Tenders

Who knows, but my first preference would be to sell it all. Second would be to sell ex - 7 & 8 and use those funds for drilling in ex - 2 & 3. Third option would be to sell all for a revenue royalty on all production. This could pay us a premium for many years ( 20 - 30). The key to all these opportunities is to seek bids from other players in addition to NIS, to ensure that we are treated fairly. For all of us, its just a manner of time so hold on just a bit longer and we will be rewarded for all the ups and downs over the many years.

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