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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

Comment by Jman1076on Jan 16, 2021 1:12pm
196 Views
Post# 32313538

RE:RE:RE:RE:EW Q3 Results Summary. Trading Well Below Cash/Asset Levels

RE:RE:RE:RE:EW Q3 Results Summary. Trading Well Below Cash/Asset LevelsJulian: What a ridiculous statement. EW now has an experienced BoD member who is looking out for shareholders and continues to buy share weekly. Revenues are still coming in from NZ. Lithium prices have recovered, so I expect that those assets will be sold off soon if they haven't already done so. We also know that NIS plans on drilling at least 7 gas to electric wells in EX-7 & 8 Romania starting sometime this month. They have already identifird good target formation in EX-2 & 3, with exploration drilling to occur in 2021. The gas fro EX-7 &8 will converted to electricity with the market on an ongoing basis at least 20 years to be Romania where the prices are stable. The only question that we have is whether we continue to be NIS partner at 15% of profits, we receive a gross % of revenues of proceeds off the 1,000,000 acres or whether we receive a buyout offer. All I can say to you Julian, if you believe this is worthless, put your shares up for sale this coming week at the price shares were sold for last week. I will buy all you got. Bottom-line, put up or shut up.
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