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Oil Optimization Inc 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 Jun 11, 2014 1:32pm
103 Views
Post# 22650002

RE:Property Valuations

RE:Property ValuationsThe math. $100 x 23.7M BOE= $2.37B x .35 = OOI share. OOI value = $839.5 The president has a lot of work ahead of him to get this all out of the ground. The first will be to convince the new partner to sign on and then start to drill up the resource. Value will rise along the way as long as dilution doesn't occur too quickly. The good news is the latest financing is supposed to be good for operations through 2015. Maybe by then we can raise some real $$ at much higher levels. Hopefully above $.50 We cant forget that as we move forward with the success of the first wells we start to achieve revenues. In addition OOI management is not limited to new projects elsewhere once the Petchaban Basin is off the ground. I agree. The president no longer is subject to Rockstone as they have blown their opportunity to be the operator.
Bullboard Posts