East West Petroleum Corp. (V:EW)

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Business Focus: Oil & Gas Exploration and Production

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Sector:  Energy Industry:  Oil & Gas Exploration and Production
See Regulatory Filings on SEDAR
Company Contact
Address: 1305-1090 Georgia St W
Tel: N/A
Website: www.eastwestpetroleum.ca
IR: See website
Key People
David Sidoo
Executive Chairman of the Board, President, Chief Executive Officer
Barry Chovanetz
Vice President - Engineering
Nick DeMare
Chief Financial Officer, Corporate Secretary, Director
Business Overview
East West Petroleum Corp. is engaged in the development, exploration and production of oil and gas from its Cheal 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 and Alberta, Canada. In New Zealand, the Company holds interest in over three exploration permits in the Taranaki Basin, which include Petroleum Exploration Permit (PEP) 54877, PEP 54876 and PEP 54879. The Company holds approximately 30% working interest in PEP 54877 and over 50% working interest in PEP 54879. The Company also has interests in over four exploration concessions, such as EX-2 Tria, EX-3 Baile Felix, EX-7 Periam and EX-8 Biled. These exploration concessions cover approximately 1,000,000 acres in the prolific Pannonian Basin of western Romania with Naftna Industrija Srbije (NIS). The Company also owns interest in Tejon Main Area and White Wolf.
Financial Overview
For the six months ended 30 September 2018, East West Petroleum Corp revenues increased 71% to C$1.6M. Net loss increased 57% to C$947K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Unrealized gain (loss) on investment increase from C$3K to C$1.1M (expense), General and administrative increase of 49% to C$493K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $4.93M as of Sep 30, 2018
Annual revenue (TTM): $2.61M as of Sep 30, 2018
EBITDA (TTM): $0.34M as of Sep 30, 2018
Net annual income (TTM): -$1.13M as of Sep 30, 2018
Free cash flow (TTM): -$0.56M as of Sep 30, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 89,585,665 as of Sep 30, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization