Oromin Explorations Ltd OLEPF

Chet Buys More Today

[nailati]

Oromin Explorations Ltd. (OLE)						As of August 8th, 2011
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Aug 08/11	Aug 08/11	Idziszek, Chester (Chet)	Direct Ownership	Common Shares	10 - Acquisition in the public market	10,000	.900
Aug 08/11	Aug 08/11	Idziszek, Chester (Chet)	Direct Ownership	Common Shares	10 - Acquisition in the public market	10,000	.850

[tony1969]

With Chet buying 20k shares on Monday, a deal cannot be imminent unless it is a bid that has not been negotiated with the company.  It would be an obvious conflict of interest if he knew a deal was close.Comments?Tony

[arlene2]

Tony---I agree .... my guess for buyout remains Q-4  for a shareprice in excess of most people's heretofore predictions...

[topoftheridge]

Tony, if a deal was "on the table" then it would be in conflict of trading rules....but no doubt a deal is "in the works", could be 3 days could be 6 months, but  Chet knows it will be north of $2.50 within 6 months so that is a solid buy at 90 cents...

[Goldfather]

Hi Tony... you always bring up good points  here. And ditto Top.... Chet just taking an apportunity to make another Buck and show all hes confident in his Company. I'm sure majors are scrambling as we speak to get their Offer to Ole. Guessing an offer or two (legitimate) will be on the table by labor day, and all Closed early Dec. Knowing teranga will make a bid

[bluestar]

it is dirt cheap under a buck. triple or more in a couple months.

[socalbernie]

Goldfather, I would add Randgold back to the list  of potential buyers.  With the soaring price of gold, they are minting cash. Stock just blasted back near its old high leaving Iamgold & others in the dust.  They are still looking for at least 2 million clean ounces on their Senegal property before they can go into production with their refractory deposit.  Just across the

[arlene2]

socalbernie.....excellent points------Refractory gold ore is more complex and more difficult/costly to process.....Randgold should definitely be considered on list of potential bidders considering their location to Ole , existing needs , and finances...Re  Mamasato , do you really think it will take Chet and company six months to get a good" handle" on this deposit......(I

[Goldfather]

Ya Bernie, i forgot abt Rangold. Terriffic Co, and would be great for them to buy Ole. Mgmt not gonna wait, they already  know all abt mamasato, and will be releasing info shortly. They have all the leverage they need.

[nailati]

Hate to sound like a broken record...but more buying from Chet. Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price Aug 09/11 Aug 09/11 Idziszek, Chester

[bluestar]

this is a great sign of good things to come.