East West Petroleum Corp. (V:EW)

Ad blocking detected

Thank you for visiting CanadianInsider.com. 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 two offers if you want an ad-free experience.

Canadian Insider Club
$229/ year*
Daily Morning INK newsletter
+1 year archive
Canadian Market INK weekly newsletter
+1 year archive
3 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
30-day money back guarantee*
JOIN THE CLUB
Canadian Insider Ad-Free
$49/ year*
All benefits of basic registration
No 3rd party display ads
30-day money back guarantee*
GO AD-FREE

* Price is subject to applicable taxes. Money back guarantee: For bona fide Ad-Free or Canadian Insider Club subscribers, if you cancel with-in 30 days of first subscribing, we will refund your payment upon request. After cancelling, using the same email that is associated with your account, request a refund via our Contact Us form at the bottom of the page. We will only consider one refund request per household or organization. We cannot accommodate refund requests where an account holder has not provided verifiable address and billing information.

Business Focus: Oil & Gas Exploration and Production

Log in or sign up for a free account to add this stock to your watch list.
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
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 three months ended 30 June 2018, East West Petroleum Corp revenues increased 85% to C$825K. Net loss decreased 49% to C$67K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Loss) gain on sale of investment) increase from C$9K (expense) to C$39K (income), Unrealized gain (loss) on investment increase from C$30K (expense) to C$1K (income).
Reporting Currency: Canadian Dollars
Enterprise value: $4.93M as of Jun 30, 2018
Annual revenue (TTM): $2.30M as of Jun 30, 2018
EBITDA (TTM): $0.08M as of Jun 30, 2018
Net annual income (TTM): -$0.72M as of Jun 30, 2018
Free cash flow (TTM): -$1.65M as of Jun 30, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 89,585,665 as of Jun 30, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization