East West Petroleum Corp V.EW

Does anyone know about NIS progress in Romania??

[Jim4455]

Just wanted to know if anyone know about the progress with NIS drilling in Romania?

Vikingman , Jman or anyone else ....... please shine some light here!!!



Below is the latest that i could find

https://energyindustryreview.com/oil-gas/nis-operational-updates-in-romania/

[Vikingman]

Jim. According to published reports, NIS continues to drill in Romania and EW's interest in New Zealand is back online pumping oil. This can only bode well for EW's share price, sooner or later. In the meantime, with about $5 million cash in the bank for EW, I consider EW stock to be cheap and heading higher, so I continue building a position in the shares. It would be nice if we all get

[Jim4455]

Thank you VikingMan. Hope some good news come out sooon!!

[Dragoon]

This stock is a free buy at cash level with New Zealand producing again and management said production will increase. https://www.eastwestpetroleum.ca/news/news-releases/east-west-petroleum-provides-operational-update-for-new-zealand-20210811 Romania assets are another free treat with NIS who wants to produce and already invested a lot. From the MDA of year ended March 2021 it sounds like NIS

[jimwatsonnc]

I am afraid NIS will manage to cut EW out.   5 million is not deep pockets....

[Dragoon]

This is all hypothetically but it will be a risk for NIS to try and cut EW out. A risk legally, deep pockets are not always necessary to win legally, image as a potential partner for other companies when you walk over others, etc. Guess we will have to wait and see what happens. In the meantime you can put cash in EW for getting the same cash on the balance sheet back. Potential of a deal in