Oromin Explorations Ltd OLEPF

Back in a March 12th 2012 press release.......

[tony1969]

the company stated that it had initiated the 2012 feasibility study.  This is almost 7 months ago. The resource estimate had to have been started then or before that date because it will be included in the study.  It seems very strange to me that the company would wait untill the last day of q3 to publish the update.  How long can it take to analyze the 250 holes that will be added to the old totals?  I realize that inferred ounces have to be upgraded to indicated, new m&i ounces have to be added to the old ones, new inferred ounces have to be calculated,etc....But 7 months with data that has been available for about one year now seems way too long. It just does not make sense to me.  If and apparently when they do not publish the resource update tomorrow (last day of q3) it will give the company and management yet another black eye as far as their ability to come through on their word. This company cannot afford anymore negative PR. I understand that at the end of the day the gold will be there no matter when they put out the update but lets just say that things should have been handled differently.

Maybe the lab they use to certify the ounces has too much work and is backed up.  If that is the case they should let us shareholders know. 

Being the eternal optimist I continue to believe that they are currently negotiating a deal with more than one interested party. They are running very low on cash and do not want to dilute the share count any further. I still expect a deal by year end and would not be surprised if it comes before, on or after the resource update.