Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

East West Petroleum Corp. (V:EW)

Business Focus: Oil & Gas Exploration and Production (NEC)

Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 1305 - 1090 West Georgia Street
Tel: N/A
IR: See website
Key People
Nick Demare
Interim Chief Executive Officer, Chief Financial Officer, Corporate Secretary, Director
Business Overview
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. The Company's portfolio consists of interests in exploration concessions in New Zealand and Romania and producing properties in the Taranaki Basin, New Zealand. In New Zealand, the Company holds approximately 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. It produces its oil and gas production from approximately five wells on the Cheal-E site. It also has interests in over four blocks, such as Tria (EX-2), Balle Felix (EX-3), Periam (EX-7) and Biled (EX-8), which covers a total of approximately 4,079 square kilometers and are located in western Romania on the eastern margin of the producing Pannonian Basin.
Financial Overview
For the fiscal year ended 31 March 2022, East West Petroleum Corp revenues decreased 28% to C$1.8M. Net loss increased from C$585K to C$2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Unrealized (loss) gain on investments decrease from C$820K (income) to C$0K, Total Financial Expense increase of 72% to C$5K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $2.49M as of Mar 31, 2022
Annual revenue (TTM): $1.75M as of Mar 31, 2022
EBITDA (TTM): -$0.21M as of Mar 31, 2022
Net annual income (TTM): -$2.04M as of Mar 31, 2022
Free cash flow (TTM): -$0.60M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 89,585,665 as of Mar 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization