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 Club
$299/ 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

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
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 six months ended 30 September 2020, EastWest Petroleum Corp revenues decreased 24% to C$1.1M. Netloss decreased 52% to C$335K. Revenues reflect a decreasein demand for the Company's products and services due tounfavorable market conditions. Lower net loss reflectsUnrealized gain (loss) on investments increase from C$385K(expense) to C$733K (income), Depletion and depreciationdecrease of 36% to C$340K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $0.02M as of Sep 30, 2020
Annual revenue (TTM): $3.32M as of Sep 30, 2020
EBITDA (TTM): $0.79M as of Sep 30, 2020
Net annual income (TTM): $1.26M as of Sep 30, 2020
Free cash flow (TTM): $1.56M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 89,585,665 as of Sep 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization