Oromin Explorations Ltd OLEPF

RE: RE: RE: RE: Oromin Corporate Presentation Upda

[socalbernie]

adit123, I believe the Corporate Presentation update that was just posted was rushed in order to be available for the PDAC so the statements on page 4 & 21 stating that the resource update will be by Q1, end may be in error. On the other hand their IR is very unreliable so I would take what was said with some skepticism. Finally, Oromin has often been mistaken on their time lines, so indeed the resource may not come until April.
.
If the update is delayed, this will just allow time for more drilling to be incorporated into the result. This will just make it more probable that my 5 million ounce resource target is reached. It is even possible that management will decide to delay the report a bit just to reach a very impressive & neatly round figure of 5 million. With the drill results we have seen since last September through today's release and all that is about to be released, the data input people will have very busy fingers typing all those big numbers into the modeling software.
.
Oromin Corporate Presentation page 4
.
2011 Program
•
Broad step-out expansion drilling program and internal feasibility update
•
Resource update and Heap Leach PEA by Q1, end
.
Oromin Corporate Presentation page 21
.
Resource update and Heap Leach PEA by Q1, end
•
Broad step-out expansion drilling program and internal feasibility update
.