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Oil Optimization Inc V.OOI


Primary Symbol: V.OOI.H

Oil Optimization Inc is a Canada-based international junior oil and gas exploration company with a discovery program onshore Thailand. The Company owns the exclusive rights to an approximately 500,000 acre petroleum concession covering the entire northern section of the hydrocarbon-rich Phetchabun basin. The southern section of the basin produces approximately 1,888,888 barrels of oil per year and is being developed by China’s ECO Orient Energy Limited, a subsidiary of the Hong Kong and China Gas Company Limited, Kazakhstan's Berlanga Group and Loyz Energy Limited of Singapore. The Company's subsidiaries are Red Stag Resources (BVI) Limited, JSX Energy Holdings (BVI) Limited, JSX Energy Holding (Thailand) Limited and JSX Energy (Thailand) Limited.


TSXV:OOI.H - Post by User

Bullboard Posts
Comment by skyhi0on May 23, 2012 5:59pm
244 Views
Post# 19939611

RE: RE: RE: Our neighbours to the south are sellin

RE: RE: RE: Our neighbours to the south are sellin

the seismic ... overlaying 2D with 3D... should be done sometie in June. My guess is that there will be a couple months of reviewing the seismic results and arranging a JV for drilling at the end of summer or early fall. my notes from over a year ago say that POE was getting 80% results with 3D.

With all this positive action in the area and hopefully an improved overall market by then means that there won't be a lot of opportunity to pick up shares at these cheap prices for much longer. Except for time of year and lousy overall market we should be at 0.12 to 0.15 already just on speculation of probable good results.

Bullboard Posts