Oromin Explorations Ltd OLEPF

Next week all details of the feasibilty......

[tony1969]

study will be made available to any interested party to review before they make a final conclusion and decide if they are interested in bidding or not.  Contrary to popular belief, there are other parties other than the obvious TGZ that are intereted in OLE       for the right price    .    I would assume that TGZ would have to at least match any offer or else they will be toast as they would have to go at it on their own.  They do not want a cash rich company owning OLE's ounces as they can sit on them for a while and have TGZ come knocking for them.     OLE cannot afford to keep waiting around and will act soon.  I expect a bid something in the range of $200 to $300 million for the OJVG.  With a midpoint of $250 million it would be somewhere around $.90 per share.  I would think that this will get done no later than May/June as I do not think that OLE wants to go through another annual meeting without a deal in place. All just my opinion.