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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
Post by skyhi0on Oct 10, 2012 1:26pm
222 Views
Post# 20469278

Results of Meeting

Results of Meeting

on september 28th should be posted soon.

While the minor roll-back is very embarrasing to management as they admittedly let down their investor base and didn't follow through on the timeline, it is necessary in light of the pending siesmic and drilling progrm which must be entered into rather quickly to meet their concession obligations. I assume that shortly after the announcement of the roll-back there will be and announcement of work activity and then,  surprise surprise !  a new funding, hopefully at much higher levels.

Bullboard Posts