Oil Optimization Inc V.OOI

Primary Symbol: V.OOI.H

Energy Oil & Gas E&P

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.

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Oil Optimization Inc

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Comment by skyhi0on Feb 14, 2013 2:02pm

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Post# 20989896

It could be

but I believe they will annoounce the well spudding.

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the compnay may not issue a PR on EIA appovals and go directly to drilling. due to good relationship that exec has with Thai, location of wells (remote/no cultural sites), drill time lines, and rigs on site. approval may be quick and a well quicker. this company does not issue a lot of PR's and may not now until well results. this is the last line of the PR just released.

Management is currently preparing an environmental impact assessment, as required by the Ministry of Natural Resources and Environment, and will commence drilling as soon as approvals are obtained.

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