OROMIN Suite 2000, Guinness Tower, 1055 West Hastings Street, Vancouver, B.C. Canada V6E 2E9
EXPLORATIONS LTD. Tel: (604) 331-8772 Toll-free (877) 529-8475 Fax: (604) 331-8773 E-mail: [email protected]
July 16, 2009 Trading Symbol: TSX – OLE
OTC/BB - OLEPF
Web Site: www.oromin.com
DRILLING COMMENCES AT SANTA ROSA, ARGENTINA
Oromin Explorations Ltd. (“Oromin”) through the Argentina subsidiary, Exploraciones Oromin S.A. (“Oromin”), commenced drilling its first well, OLE.MD.SRE X-2001 on the Santa Rosa Dome Prospect on July 15, 2009 at 5PM, Pacific Daylight Savings Time.
It is anticipated that it will require less than 14 days to drill to the target depth of 1,300 metres. The Santa Rosa Prospect is a 200 to 300 square kilometre shallow dome structure located within an approximate 7,600 square kilometre concession located in the Cuyana Basin, Mendoza Province,Argentina.
The interest holders of the Santa Rosa license are indirectly Oromin as to 67.52% and Australian Otto Energy Limited as to 32.48%. Oromin is the project operator. A National Instrument 51-101 compliant technical report on this prospect was filed on SEDAR on July 9, 2008 and is available at www.sedar.com
Norman Haimila, Ph.D., petroleum consultant and Oromin’s Country Manager, is the Company’s “qualified evaluator” for the purposes of National Instrument 51-101 and has verified the data disclosed in this news release. Dr. Haimila is a member of the American Institute of Petroleum Geology and the American Association of Petroleum Geologists.
To find out more about Oromin Explorations Ltd., visit www.oromin.com.
On behalf of the Board of Directors of
OROMIN EXPLORATIONS LTD.
“Chet Idziszek”
Chet Idziszek, President
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $27.33K | 2.278M |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 10310048 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.3¢ | 14475514 | 20 |
View Market Depth
No. | Vol. | Price($) |
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8 | 10310048 | 0.012 |
8 | 5010642 | 0.011 |
18 | 22637452 | 0.010 |
1 | 100000 | 0.009 |
5 | 595371 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 11292396 | 17 |
0.014 | 10395902 | 10 |
0.015 | 4627000 | 7 |
0.016 | 714285 | 1 |
0.017 | 72000 | 1 |
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