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 Georgia St W VANCOUVER BC V6E 3V7 |
| Tel: | N/A |
| Website: | www.eastwestpetroleum.ca |
| IR: | See website |
| Key People | ||
| 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 nine months ended 31 December 2018, East West Petroleum Corp revenues increased 55% to C$2.3M. Net loss totaled C$1.4M vs. income of C$30K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Unrealized (loss) gain on investments decrease from C$103K (income) to C$1.6M (expense), Loss) gain on sale of investments) decrease of 81% to C$89K (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.79M as of Dec 31, 2018 |
| Annual revenue (TTM): | $2.75M as of Dec 31, 2018 |
| EBITDA (TTM): | $0.44M as of Dec 31, 2018 |
| Net annual income (TTM): | -$2.17M as of Dec 31, 2018 |
| Free cash flow (TTM): | -$0.55M as of Dec 31, 2018 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 89,585,665 as of Dec 31, 2018 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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