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OLEPF Oromin Explorations Ltd featured news, full reports, and detailed charts

Oromin Explorations Ltd (OLEPF/OLEPF.OB) Wrap Up:

Oromin Explorations, Ltd. engages in the exploration of mineral resource properties, including oil and gas properties. The company’s projects are located in the Republic of Senegal in West Africa and in the Republic of Argentina in South America. It explores for gold in the Sabodala Gold Project, and for oil and gas in the Santa Rosa Dome oil prospect. The company, formerly known as Birchwood Ventures, Ltd., was incorporated in 1980 and is headquartered in Vancouver, Canada.
www.oromin.com
Founded in 1980

Oromin Explorations Ltd (OLEPF:OTC Bulletin Board Market)

LAST $0.86 USD
CHANGE TODAY -0.009 -1.04%
VOLUME 7.1K
As of 3:22 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Oromin Explorations Ltd (OLEPF)

OPEN
$0.86
PREVIOUS CLOSE
$0.87
DAY HIGH
$0.87
DAY LOW
$0.85
52 WEEK HIGH
07/22/09 - $1.30
52 WEEK LOW
12/29/08 - $0.31
MARKET CAP
81.5M
AVERAGE VOLUME 3 mo
35.6K
DILUTED EPS TTM
$-0.06
SHARES OUTSTANDING
94.7M
OLEPF Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

OLEPF Top Compensated Officers

Mr. Chester Idziszek B.Sc., M.Sc., FGS
Chairman, Chief Executive Officer and Preside...
Age: 61
Total Annual Compensation: C$174.2K
Mr. Ian Brown
Chief Financial Officer
Age: 61
Total Annual Compensation: C$57.0K
Mr. James Stewart
Corporate Secretary, Corporate Counsel and Di...
Age: 50
Total Annual Compensation: C$2.0K
Mr. David Mallo
Vice-President of Minerals Exploration
Age: 49
Total Annual Compensation: C$5.0K

Executives, Board Directors

Compensation as of Fiscal Year 2009.

Key developments for Oromin Explorations Ltd (OLEPF)

Oromin Explorations Ltd. Plans for the Development of the Sabodala Property

Oromin Explorations Ltd. reports that concurrently with engineering optimization studies and ongoing exploration, it is continuing with strategic planning for the development of the Sabodala property. As a part of this planning process, Oromin is presently interviewing financial advisors to assist it with its funding obligations as part of Oromin Joint Venture Group Limited. Oromin and its partners in OJVG have applied to the Government of Sénégal for a mining licence at Sabodala and OJVG is committed to advancing the development of Sabodala in the shortest practical time frame. The Sabodala gold district hosts greater than 10 million ounces of resources, including OJVG's global mineral inventory of almost 3 million ounces, and has significant potential for expansion.

Oromin Explorations Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 31, 2009

Oromin Explorations Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended August 31, 2009. For the quarter, the company reported cash flow used in operating activities of CAD 1,013,189 and loss for the period of CAD 5,781,700 or CAD 0.06 per basic and diluted share compared cash flow from operating activities of CAD 86,154 and loss for the period of CAD 510,118 or CAD 0.01 per basic and diluted share for the same period a year ago. For the six months, the company reported cash flow used in operating activities of CAD 1,346,829 and loss for the period of CAD 6,261,170 or CAD 0.08 per basic and diluted share compared cash flow used in operating activities of CAD 512,209 and loss for the period of CAD 5,517,662 or CAD 0.08 per basic and diluted share for the same period a year ago.

Oromin Explorations Ltd. Provides Drilling Update on Exploration Program at Sabodala Gold Project; Appoints Ken Kuchling as Vice-President of Engineering

Oromin Explorations Ltd. on behalf of the Oromin Joint Venture Group provided an exploration update for the ongoing exploration program at its Sabodala Gold Project in eastern Senegal, West Africa. Recent exploration activities include in-fill and step-out resource drilling at the Epsilon deposit, step-out resource drilling towards delineating underground potential at both Golouma West and Golouma South deposits, trenching at Kobokoto, soil geochemical sampling at various target areas and prospecting at Maki Medina, and the newest discovery at Kotouniokolla. Drilling is continuing at the Epsilon deposit where multiple Net and NW trending quartz vein systems have been intersected in trenching and drilling within a surface area of approximately 400 metres by 400 metres. Drilling to date has intersected the main Epsilon vein systems over a minimum strike extent of 180 metres and consistently to depths of 150-200 metres below surface in multiple zones. The Epsilon vein systems remain open along strike and to depth. The company announced that Ken Kuchling, P.Eng., has been appointed as Oromin's Vice-President of Engineering. Mr. Kuchling is a Professional Mining Engineer with 28 years experience in the operations and consulting industries with numerous commodities including gold, diamonds, potash, copper and molybdenum. Mr. Kuchling has a well-rounded engineering background, consisting of direct involvement in pre-feasibility and feasibility studies, international due diligence reviews, project permitting, mine geology, geotechnical engineering, tailings engineering, mine design and equipment selection.

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Industry Analysis

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Price/Earnings NM Not Meaningful
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Price/Book 1.5x
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OLEPF

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OLEPF transactions

Type
Date
Target
Private Placement
May 28, 2009
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More Recent News About Oromin Explorations Ltd

More news for OLEPF

Oromin Continues Strategic Planning for Development at Sabodala

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 10/19/09) - Oromin Explorations Ltd. ("Oromin") (TSX:OLE - News)(OTC.BB:OLEPF - News) reports that concurrently with engineering optimization studies and ongoing exploration, it is continuing with strategic planning for the development of the Sabodala property. As a part of this planning process, Oromin is presently interviewing financial advisors to assist it with its funding obligations as part of Oromin Joint Venture Group Limited ("OJVG"). Oromin and its partners in OJVG have applied to the Government of Senegal for a mining licence at Sabodala and OJVG is committed to advancing the development of Sabodala in the shortest practical time frame.The Sabodala gold district hosts greater than 10 million ounces of resources, including OJVG's global mineral inventory of almost 3 million ounces, and has significant potential for expansion.To find out more about Oromin Explorations Ltd., visit www.oromin.com.On behalf of the Board of Directors of OROMIN EX...
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OROMIN EXPLORATIONS LTD Financials

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Oromin Explorations Ltd.: Preliminary Feasibility Study Completed and New Higher Grade Discoveries Continue to Be Identified

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/09/09) - Oromin Explorations Ltd. (TSX:OLE - News)(OTC.BB:OLEPF - News) - HIGHLIGHTS- SRK'S PRELIMINARY FEASIBILITY STUDY COMPLETED FOR SABODALA AND SUBMITTED WITH APPLICATION FOR MINING LICENSE- STUDY RECOMMENDS UPDATING RESOURCE BASE TO INCLUDE RECENT HIGHER GRADE DISCOVERIES- GLOBAL MINERAL INVENTORY STANDS AT 3 MILLION OUNCES OF GOLD- PREVIOUSLY ANNOUNCED INFERRED RESOURCES OF 2.26 MILLION OUNCES OF GOLD HAS BEEN UPGRADED TO INDICATED PLUS INFERRED RESOURCES AT 2.19 AND 0.37 MILLION OUNCES GOLD RESPECTIVELY- RECENT DRILLING CONFIRMS NEW HIGHER GRADE GOLD DISCOVERIES AT EPSILON,CLOVERLEAF,GOLOUMA NORTHWEST AND KOBOKOTO AND HIGHER GRADE GOLD MINERALIZATION AT DEPTH BEYOND CURRENT RESOURCES AT KEREKOUNDA,GOLOUMA SOUTH AND WEST DEPOSITS- METALLURGY AT MASATO INDICATES MAJORITY OF RESOURCE IS AMENABLE TO HEAP LEACH PRESENTING AN OPPORTUNITY TO PROCESS ORE FROM MASATO AS SEPARATE HEAP LEACH OPERATION AT START UP, CONCURRENT WITH PRODUCTION FROM HIGHER GRADE DEPOSITS- LATEST DRILLING RESULTS INCLUDE:-- 3 metres of 56.48 g/t gold in RC-637 at Epsilon-- 3 metres of 12.72 g/t gold in DH-503 at Epsilon...
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Oromin Explorations Ltd.: Santa Rosa, Argentina Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 07/28/09) - Oromin Explorations Ltd. ("Oromin") (TSX:OLE - News)(OTC.BB:OLEPF - News) through the Argentina subsidiary, Exploraciones Oromin S.A. ("Oromin") reports that on July 26, 2009, exploration well OLE.MD.SRE X-2001 reached a total depth of 1,270 metres in basement. Initial electric logging and subsequent MRIL (magnetic resonance imaging) evaluation completed late July 27, 2009 confirms that the well has not encountered hydrocarbons. The results suggest that the target reservoir zones are not present at this crestal well location.The interest holders of the Santa Rosa license (indirectly Oromin as to 67.52% and Australian Otto Energy Limited as to 32.48%) will now study the well data and incorporate this in a regional data base to determine whether potential stratigraphic traps on the western flank of the Santa Rosa dome warrant further investigation.The well will be plugged and abandoned as a dry hole.A National Instrument 51-101 compliant technical report on this prospect was filed on SEDAR on July 9, 2008 and is available at ...
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Oromin Explorations Ltd.: Drilling Commences at Santa Rosa, Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 07/16/09) - Oromin Explorations Ltd. (TSX:OLE - News)(OTC.BB:OLEPF - News) ("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 Co...
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Oromin Explorations Ltd.: Drill Mobilization at Santa Rosa, Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 07/08/09) - Oromin Explorations Ltd. ("Oromin") (TSX:OLE - News)(OTC.BB:OLEPF - News) is pleased to report that the mobilization of the rig for drilling well OLE.MD.SREX2001 on the Santa Rosa Dome Petroleum Prospect is now under way. After spudding, it will take approximately 7 to 10 days to reach the target depth of approximately 1,300 metres to test the Conglomerate Violaceo, Barrancas, Potrerillos and Las Cabras formations. An announcement will be made when spudding commences. The Santa Rosa Prospect is a 200 to 300 square kilometre shallow dome structure located within an approximate 7,600 square kilometre concession in the Cuyana Basin, Mendoza Province, Argentina.The interest holders of the Santa Rosa license are now indirectly Oromin as to 67.52% and Otto Energy Limited of Perth, Australia 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 ...
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Oromin Explorations Ltd. Announces Private Placement of Common Shares to Generate Proceeds of Up to C$20,000,000

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Retransmission: Oromin Explorations Ltd.: A New High-Grade Discovery at Sabodala to Complement Six Other Gold Deposits

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Oromin Explorations Ltd.: Exploration Continues to Provide Encouraging Results From Various Sabodala Property Deposits and Prospects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 10/07/09) - HIGHLIGHTS - TRENCH RESULTS FROM KOBOKOTO ALPHA INCLUDE:-- 483.7 g/t gold over 6 metres- DRILLING AT THE EPSILON DEPOSIT CONTINUES TO INTERSECT HIGHER GRADE MINERALIZATION INCLUDING:-- 196.3 g/t gold over 4 metres near surface in DH-522-- 27.8 g/t gold over 3 metres near surface in DH-520-- 58.1 g/t gold over 1 metres in DH-524- SUCCESSFUL DEEP DRILLING AT THE GOLOUMA WEST DEPOSIT INCLUDES:-- 17.54 g/t gold over 10 metres in DH-539- SUCCESSFUL DEEP DRILLING AT THE GOLOUMA SOUTH DEPOSIT INCLUDES:-- 8.26 g/t gold over 11 metres in DH-519- NEW DISCOVERY AT KOTOUNIOKOLLA WITH ROCK SAMPLE RESULTS UP TO 269.4 G/T GOLDOromin Explorations Ltd. ("Oromin") (TSX:OLE - News)(OTC.BB:OLEPF - News), on behalf of the Oromin Joint Venture Group ("OJVG"), is pleased to provide an exploration update for the ongoing exploration program at its Sabodala Gold Project in eastern Senegal, West Africa.Oromin is also pleased to report that Ken Kuchling, P.Eng., has been appointed as Oromin's Vice-President of Engineering. Mr. Kuchling is a Professional Mining Engineer with 28 years experience in the ope...
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Oromin Explorations Ltd.: Conference Call to Discuss Preliminary Feasibility Study and New Higher Grade Discoveries at Sabodala

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/09/09) - Oromin Explorations Ltd. ("Oromin") (TSX:OLE - News)(OTC.BB:OLEPF - News) is pleased to announce that has arranged a conference call to discuss the initial Preliminary Feasibility Study and the new higher grade gold discoveries that were disclosed in Oromin's news release earlier today. The conference call will be held tomorrow, September 10, 2009 at 9:00 a.m., Vancouver time. North American callers should dial in to Oromin's conference bridge at 1-866-365-4409. Callers from outside North America should call +-303-248-9656. When prompted, all callers should then enter the conference code 646-1920, followed by the number sign.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, PresidentCautionary StatementThis document contains "forward-looking statements" within the meaning of applicable Canadian securities regulations. All stateme...
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