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

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Post by Dragoonon Jun 17, 2023 12:53pm

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Post# 35501792

Putting a value on EW with short term multibagger potential

$EW is for sale on cash value $5Mln, but here is the multibagger potential: they own 15% of the assets with partner NIS in Romania. Now NIS wants to sell the assets according to the latest MD&A of EW. Every price is' free' cash for EW because they have no investment in it (due to the deal with NIS to sell 85% to NIS for development) and NIS has invested at least $62mln but that's old info on the website

https://www.eastwestpetroleum.ca/projects/romania/

So you have a share of cash value + cash flow from NZ. The bonus is Romania dependent on which deal comes out. Just a simple calculation: US 62MLN * 15% (holding EW) = US 9.3 Mln * 1.3 to CAD = 12.1 / 90 shares = CAD 0.134 per share.

And that is on top of the cash and NZ assets.
Twice as much as the course! (As an opportunity)
They also have assets in New Zealand (NZ) that covers the costs, excluding changing foreign currency exchange rate.

In my opinion, a chance of a multibagger in East West Petroleum while the cash reduces the risk.

(Disclaimer: do your own DD)