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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

Post by YouSellandIBuyon Sep 20, 2021 6:37pm
248 Views
Post# 33890441

crazy markets that do not make sense with assets and mc

crazy markets that do not make sense with assets and mcEast West has a over $5 million dollars in cash with around 100 barrels of brent oil production and a million acres of romanian gas leases....but we trade at a $5.3 million market cap. Makes a whole lot of sense to me....I could understand if they had debt up the wazoo or their assets were not valuable. But that is not the case with the company. Just going to keep adding as I make more dolla dolla billz....
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