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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
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 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 2021, East WestPetroleum Corp revenues decreased 46% to C$290K. Net lossincreased 48% to C$437K. Revenues reflect a decrease indemand for the Company's products and services due tounfavorable market conditions. Higher net loss reflectsUnrealized (loss) gain on investments decrease from C$681K(income) to C$14K (expense), General and administrativeincrease of 5% to C$50K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): $2.19M as of Jun 30, 2021
EBITDA (TTM): -$0.46M as of Jun 30, 2021
Net annual income (TTM): -$0.73M as of Jun 30, 2021
Free cash flow (TTM): -$0.66M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 89,585,665 as of Jun 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization