East West Petroleum Report. Recent Financials (Available On Sedar)
Price: $0.035
Common Shares: 89,585,665
Financials (As of December 31, 2019)
ASSETS
Cash: $4,149,150 - $0.0463 cents per share
Receivables: $276,039
Prepaid Expenses: $14,780
Investments: $692,229 (Made up of AAL & SEW.H Shares)
Assets Held For Sale: $1,786,828 – New Zealand Asset Sale (Still proceeding as per Feb 2020 news)
Total Assets: $6,919,026
LIABILITIES
Accounts Payable: $296,150
Decommissioning Liability: $319,101 – removed once NZ sale completed
Liabilities On Asset Held For Sale: $995,431 – removed once NZ sale completed
Deposit: $65,505
Total Liabilities: $1,676,187
No value on assets in Romania as clearly shown above. Keep in mind that (Property, Equipment & Exploration Assets) were written off mid-2019 and can always be added back once those assets are producing. The true value of East West Petroleum is far higher than what the current stock trades at.
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