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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 Jun 09, 2014 3:02pm
185 Views
Post# 22643065

Property Valuations

Property ValuationsFrom previous work, presentations and reports the estimated prospective resource of 23.7 mn bbl of “recoverable light & medium oil” (estimate from technical report prepared by Petrotech Engineering, NI 51-101 compliant) is in the middle of the range. The drilling of these wells now or in November will begin to prove up one of the 3 ranges from that report below:--------------------------- Block L14/50 – Highly Prospective Prospective Resources 100% Working Interest – Recoverable Oil Low Estimate 3.6 mn bbl Best Estimate 23.7 mn bbl High Estimate 77.4 mn bbl-------------------------------------- With the current JV and partner arrangements does anyone know how to calculate the value of the "in the ground oil" to OOI if they prove up the 23.7M barrels?
Bullboard Posts