Oromin Explorations Ltd OLEPF

Government is probable hangup...

[tony1969]

As GF mentioned in a previous post the new administration must now approve any deal.  Remember that Senegal has a small stake in the projects production as well.   An exploration company (OLE) all of a sudden does not stop drilling unless they are relatively sure that they have somekind of agreement in place with at least one party.  In order to have a smooth transfer of ownership, the buyer will want (as GF mentioned) among other things all licences and permits certified.  Also I suppose the issue about having or not having to build a mine must be clarified by the new government.  I personally do not believe that any of these issues will threaten any deal, but maybe somethings may have to be tweeked a bit to get a deal done.  Being that Sall was mining minister and has lots of knowledge in this area will hopefully help with the government part of the negotiations. Again, I believe that they have agreed in principal with a buyer and are basically in a quiet period/waiting mode to get this deal done. No inclination of drilling, raising cash, publishing drill results and resource updates to me means that they basically do not want or do not need to do much more. This inaction and silence speaks volumes. I still maintain my May no later than June timeframe considering probable hangups along the way.  Comments?