If Oromin’s management wants to make a statement that it is serious about it’s commitment to shareholder value, it would halt the stock on a Monday-Thursday morning if the the results are as good as the past press release implies. They saw visible gold in all 3 deep holes up to 13M in width. Since they have already hit in excess of 50 g/t in other holes, the potential is here for a 13M width hole of over 50 g/t. This would most certainly warrant a halt and would give the stock a much needed boost and generate retail excitement. This is a test of management’s desire to broaden the shareholder base and turn the page on this poorly written chapter of it’s young existence.
Oh, sorry Caliche, in your last post you thought April was imminent.
“I spoke with the office today and Santa Rosa drilling looks to be going ahead next month! There is about $8 million in the treasury, that will take us past the oil drilling and if successful oil revenues could self sustain us negating the need to go to a financing. The oil will be fast, it is a shallow target only 1200 meters deep. I have drilled several hundred meters in a day myself, from a small mobile rig so I doubt it will even take a week from spud. The program is scheduled for 2 holes with an option on a third. They will drill the crest of the dome to ensure success. I have heard that the revenues generated from the oil will be used to secure and fund a much larger oil project in the South (Tierra del Fuego).”
Caliche——Ole IR missed the last friday in March , as well as the first friday in April…Think maybe , just maybe , news re assay reports on drilling in Senegal since Xmas break will be out this coming week ??? One would think that with 4-5 drills running , ..news would be out in less than four months…But then , this is Ole IR and their mantra seems to be “What’s another couple of weeks”………Santa Rosa better prove sucessful or our stock value will be even more seriously depleted when they have to refinance during the 3rd or 4th quarter of this year!!!
Thanks G1….is that next week in calendar weeks or next week in Oromin weeks?There is a huge difference between the two. It’s like when I tell my wife the basketball game will be over in 2 minutes but it takes 20 minutes to play the final 2 minutes.
If Oromin’s management wants to make a statement that it is serious about it’s commitment to shareholder value, it would halt the stock on a Monday-Thursday morning if the the results are as good as the past press release implies. They saw visible gold in all 3 deep holes up to 13M in width. Since they have already hit in excess of 50 g/t in other holes, the potential is here for a 13M width hole of over 50 g/t. This would most certainly warrant a halt and would give the stock a much needed boost and generate retail excitement. This is a test of management’s desire to broaden the shareholder base and turn the page on this poorly written chapter of it’s young existence.
Agreed!.. agreed!… and agreed!!
Don’t expect any news about Santa Rosa until late April or May as they still have not confirmed a rig yet…
Hopefully, they will release some more Kerekounda results in the meantime to get some action in this stock…
G1
i dont expect any SR news for a while ..i wsa hoping for some great kerekounda results
Oh, sorry Caliche, in your last post you thought April was imminent.
“I spoke with the office today and Santa Rosa drilling looks to be going ahead next month! There is about $8 million in the treasury, that will take us past the oil drilling and if successful oil revenues could self sustain us negating the need to go to a financing. The oil will be fast, it is a shallow target only 1200 meters deep. I have drilled several hundred meters in a day myself, from a small mobile rig so I doubt it will even take a week from spud. The program is scheduled for 2 holes with an option on a third. They will drill the crest of the dome to ensure success. I have heard that the revenues generated from the oil will be used to secure and fund a much larger oil project in the South (Tierra del Fuego).”
Let’s hope Kerekounda looks great…
G1
im still hoping late april but first half of may will do as well .. its been 10 years whats another few weeks
caliche
Caliche—you are definitely ready to join Ole IR team———What’s another few weeks seems to be their mantra !!
hey arlene .. what you didnt see was me throwing my arms in the air in quiet desperation..lol
Caliche——Ole IR missed the last friday in March , as well as the first friday in April…Think maybe , just maybe , news re assay reports on drilling in Senegal since Xmas break will be out this coming week ??? One would think that with 4-5 drills running , ..news would be out in less than four months…But then , this is Ole IR and their mantra seems to be “What’s another couple of weeks”………Santa Rosa better prove sucessful or our stock value will be even more seriously depleted when they have to refinance during the 3rd or 4th quarter of this year!!!
im hoping for news this week .. and for a big first well at santa rosa..
well today is (pseudo) Friday.
Anyone for a Easter Long Weekend after market close NR?
the only thing better would be on a holiday monday!!!!
FYI, additional Kerekounda results will be out early next week.
Have a good holiday…
G1
Thanks G1….is that next week in calendar weeks or next week in Oromin weeks?There is a huge difference between the two. It’s like when I tell my wife the basketball game will be over in 2 minutes but it takes 20 minutes to play the final 2 minutes.
Thanks for the info.
stateside
stateside…….news release will be out week of 4/13/09 !!
I will actually be next week(this coming week). Mon-Wed…
Hope we see some activity as OLE is going to need to raise soon and I would hate to see this stock diluted at $.50…
G1