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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 dyazon Jan 02, 2014 12:41pm
217 Views
Post# 22052997

RE:RE:RE:Time for some news ??

RE:RE:RE:Time for some news ??
It appears from the POE news excerpt below that work continues in Thailand during the political crisis. It also appears as though the ministry that approves the EIA has done some recent work for POE so it is safe to assume that the gov't there continues to function. Hopefully we will soon hear of the 2014 plans for OOI as they will have to comment shortly on the EIA and deadline for drilling a well in FEB. I am curious if they plan to replace the directors that resigned late last year. I expect they will comment on that too in the near future. ______________________________ Pan Orient Energy Corp. (TSX: V.POE, Stock Forum) provided an update on operations in Thailand, Indonesia and Canada. According to the Pan Orient Energy press release, the two workovers just completed in Thailand Concession L53 have been highly successful, adding a combined 230 barrels of oil per day. Two additional workovers remain between now and year-end and full production capacity is expected to commence in late January 2014 after the L53-G environmental impact assessment is approved and the three currently shut-in L53-G wells are turned back on. In Thailand, it is anticipated that at least three wells will be drilled in 2014 starting with the L53 "A" Central exploration well in February. Any exploration success in Thailand would significantly impact the number of wells drilled in Concession L53
Bullboard Posts