Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:EW - Post Discussion

East West Petroleum Corp > EW, NIS & the monetization of its Romanian assets (update)

View:

Post by stockfy on Aug 31, 2024 5:04am

EW, NIS & the monetization of its Romanian assets (update)

Given that we will receive 3 cents per share in cash soon and the NZ assets have been sold, EW will focus now on the Romanian assets. As a reminder, EW stated a few months ago when the results for the nine months were out:

"In regard to the Company's Romanian assets, the Company and NIS remain in discussions in order to determine the path forward for the properties. All options remain under consideration including a monetization event. The Company is unable to comment on timelines to establish a path forward.

The Company has been reviewing a number of opportunities in both oil and gas and also other resource opportunities. The Company is focussed on closing the sale of its New Zealand assets and once the sale has closed, the Company will be in a better position to pursue other opportunities more aggressively."

498