East West Petroleum Corp. (V:EW)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 1305 - 1090 West Georgia Street VANCOUVER BC V6E 3V7 |
| Tel: | N/A |
| Website: | www.eastwestpetroleum.ca |
| IR: | See website |
| Key People | ||
| Nick DeMare Interim Chief Executive Officer, Chief Financial Officer, Corporate Secretary, Director | Barry Chovanetz Vice President - Engineering | |
| 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 three months ended 30 June 2020, East West Petroleum Corp revenues decreased 52% to C$541K. Net loss totaled C$295K vs. income of C$59K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Loss on sale of investments increase from C$19K to C$632K (expense), Foreign Exchange decrease of 82% to C$14K (income), Interest income decrease of 87% to C$3K (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | N/A |
| Annual revenue (TTM): | $3.09M as of Jun 30, 2020 |
| EBITDA (TTM): | $0.53M as of Jun 30, 2020 |
| Net annual income (TTM): | $0.54M as of Jun 30, 2020 |
| Free cash flow (TTM): | $1.23M as of Jun 30, 2020 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 89,585,665 as of Jun 30, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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