Microsoft 6th Annual Global Energy Forum

Oromin announces prospective oil resources at its Santa Rosa prospect in Argentina


The independent report concludes that the unrisked probabilistic recoverable oil resource potential for the Santa Rosa project ranges from 45,167,000 barrels of oil to 380,800,000 barrels of oil.

Published Jul 10, 2008

Oromin Explorations Ltd. ("Oromin" or the "Company") is pleased to announce the receipt of an independent report (the "Santa Rosa Evaluation") from Aeon Exploration Inc. of Calgary, Alberta ("Aeon") that provides an evaluation of prospective resources with respect to its 100% owned CCyB-9 Santa Rosa exploration permit and exploitation concession on a property located in the Cuyana Basin in the Province of Mendoza, Argentina.

The independent report concludes that the unrisked probabilistic recoverable oil resource potential for the Santa Rosa project ranges from 45,167,000 barrels of oil to 380,800,000 barrels of oil, and sets out 131,564,000 barrels of oil as the most likely amount of recoverable resources on the prospect.

The Company emphasizes that the Santa Rosa project is a wildcat prospect, and the top of the dome structure target has not been drilled.