$EW is for sale on cash value $5Mln, but here is the multibagger potential: they own 15% of the assets with partner NIS in Romania. Now NIS wants to sell the assets according to the latest MD&A of EW. Every price is' free' cash for EW because they have no investment in it (due to the deal with NIS to sell 85% to NIS for development) and NIS has invested at least $62mln but that's old info on the website
https://www.eastwestpetroleum.ca/projects/romania/
So you have a share of cash value ($5Mln / 90 shares = 0.056) + cash flow from NZ. The bonus is Romania dependent on which deal comes out. Just a simple calculation: US 62MLN invested by NIS according to EW website * 15% (holding EW) = US 9.3 Mln * 1.3 to CAD = 12.1 / 90 shares = CAD 0.134 per share.
And that is on top of the cash and NZ assets. That's why I see multibagger potential here for 2023.
0.134 + 0.056 = 0.19 per share keeping NZ out of the calculation and based on the costs of Romania from the website.
Twice as much as the course! (As an opportunity)
They also have assets in New Zealand (NZ) that covers the costs, excluding changing foreign currency exchange rate.
In my opinion, a chance of a multibagger in East West Petroleum while the cash reduces the risk.
(Disclaimer: do your own DD)
