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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 Feb 22, 2021 4:28am
114 Views
Post# 32623981

RE:RE:Néw highs

RE:RE:Néw highs Steve: Just checked the value of EW investments in other companies that can be used in your marketing piece. Our investment in Sweet Earth is 204,960 shares valued at 36 cents Canadian. This is worth C$73,795. Orocobra transaction which (bought out Advantage) converted Advantage Lithium shares into 244,098 shares of Orocobra. The Friday US$ share price of Orocobra was$3.99, converted to Canadian dollars that $5.07. The value of our Lithium investment is now worth C$1,236,917. The total of these investments are now worth C$1,310,702. This is significant price improvement of C$599,200 reported in the 3rd quarter financials. Bottom-line our value in near cash is significantly more than reported in the 3rd quarter and greater than I listed out for you in a previous message.
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