someone thinks the trend spreads northwards - we've barely touched our northern block - still short term blue sky around if L20/50 fails
OIL OPTIMIZATION INC TO EXECUTE PETROLEUM CONCESSION IN THAILAND
CALGARY, Feb. 3 /CNW/ - Oil Optimization Inc. (TSXV: OOI) (the "Company") today announced that Thailand's Ministry of Energy has confirmed February 8, 2011 as the official signing date of Petroleum Concession No. 1/2554/109, which will formally confer a 100% interest in Block L14/50 to the Company.
Block L14/50 is located in central Thailand and covers the entire northern portion of the Petchabun Basin. The southern portion of the same basin, whose rights are held by Pan Orient Energy (TSXV: POE) and Australia's Carnarvon Petroleum Limited (ASX: CVN), is immediately south of Block L14/50 and has a current productive capacity of 8,400 BOPD.
About Oil Optimization Inc. (TSXV: OOI)
Oil Optimization Inc. is a junior oil and gas exploration company headquartered in Calgary, Alberta with operations located onshore Thailand. The Company currently holds interests in two exploration blocks, being a 100% interest in Block L3/50, a 50% interest in Block L9/48 and has conditionally been granted a 100% interest in Block L14/50. The Company, through its wholly-owned subsidiary, JSX Energy (Thailand) Limited, is focused on exploring and developing each of these blocks as well as seeking accretive acquisitions in Thailand.
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- northern portion of petchabun basin snapped up
northern portion of petchabun basin snapped up
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $281.7M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $93.18K | 583.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 354802 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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16.0¢ | 55498 | 2 |
View Market Depth
No. | Vol. | Price($) |
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5 | 354802 | 0.155 |
16 | 505523 | 0.150 |
15 | 417453 | 0.145 |
4 | 387714 | 0.140 |
5 | 462006 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 57839 | 3 |
0.165 | 305500 | 4 |
0.170 | 1651292 | 14 |
0.175 | 1538354 | 18 |
0.180 | 1299701 | 13 |
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