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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 Dragoonon Aug 12, 2021 9:44am
160 Views
Post# 33690987

RE:News: East West Petroleum Provides Operational Update for NZ

RE:News: East West Petroleum Provides Operational Update for NZIf they improve the production, as they say in the press release, we can be back at normal levels. If you look before covid then the costs were very low. That's a lot of cashflow coming in at today oil price and low costs. Very low market cap and lots of cash on balance sheet, which means the operations are basically a free buy. Also Romania assets as a long term trump card. Even selling the asset should be worth a nice profit (something to think about)
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