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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
Post by skyhi0on Sep 25, 2014 3:53pm
198 Views
Post# 22970949

New Partner and

New Partner andFurther to "The way I see it Unfolding". With the end of September being near and knowing the option for the "significant investor" signing the LOI expires next Tuesday I went back to the announcement and then to SEDAR where I read the August 18th MD&A. I am subsequently convinced that this investor has or will withdraw their intention to participate. In my opinion, without a resolution to the outstanding issues with the current 22% partner Rockstone, this significant investor opportunity will expire next week.
Bullboard Posts