Oil Optimization Inc Releases Annual Audited Consolidated Financial Statements
April 30 2014 - 11:30PM
Access Wire
CALGARY, Canada / ACCESWIRE / April 30, 2014 / Oil
Optimization Inc. (TSX-V : OOI) (the
"Company") announced today that it has
released its annual audited consolidated financial statements
for the year ended December 31, 2013, the related management's
discussion and analysis of financial position and results of
operations ("MDA"), including its annual
Oil and Gas Disclosure Filing forms NI 51-101 F1, F2 and
F3.
The Company also announced that pursuant to the
Continuous Disclosure
Obligations under NI 51-102, the Company has filed its
annual audited consolidated financial statements on SEDAR that can
be accessed at www.sedar.com
About Oil Optimization Inc.
Oil Optimization Inc. is an international junior oil and
gas exploration company headquartered in Canada with operations in
Thailand. The Company owns the long-term exclusive rights to
onshore Block L14-50, which is subject to a farm-out
agreement with Rockstone Petroleum Limited. The one million acre
concession covers the entire northern section of the
hydrocarbon-rich Phetchabun basin in central Thailand that has been
subject to a 200-line kilometre 2D seismic acquisition program and
an extensive magnetic survey. The southern section of the basin is
currently being developed by China's ECO Environmental Investments
(a 100%-owned subsidiary of Hong Kong and China Gas Company
Limited) and Carnarvon Petroleum Limited of Australia
Forward-Looking
Statements
This news release
contains forward-looking statements and forward-looking information
within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate",
"objective", "ongoing", "may", "will", "project", "should",
"believe", "plans", "intends" and similar expressions are intended
to identify forward-looking information or statements. More
particularly and without limitation, this news release contains
forward-looking statements and information concerning the expected
activities of Oil Optimization. The forward-looking statements and
information are based on certain key expectations and assumptions
made by Oil Optimization. Although Oil Optimization believes that
the expectations and assumptions on which such forward-looking
statements and information are based are reasonable, undue reliance
should not be placed on the forward looking statements and
information because Oil Optimization can give no assurance that
they will prove to be correct. By its nature, such forward-looking
information is subject to various risks and uncertainties, which
could cause the actual results and expectations to differ
materially from the anticipated results or expectations expressed.
Readers are cautioned not to place undue reliance on this
forward-looking information, which is given as of the date hereof,
and to not use such forward-looking information for anything other
than its intended purpose. Oil Optimization undertakes no
obligation to update publicly or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by law.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contact:
Luc Desmarais
President & CEO
Email: ir@oilop.com
Website: www.oilop.com
THIS
NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY
AND IS NOT AUTHORIZED FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
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