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OOI

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Share Name Share Symbol Market Type
TSXV:OOI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Oil Optimization Completes Seismic Program on Block 14-50 Onshore Thailand

31/10/2012 12:30pm

Marketwired Canada


Oil Optimization Inc. ("OOI" or the "Company") (TSX VENTURE:OOI), the southeast
Asian oil & gas explorer, is pleased to announce the successful completion of
its 50 line kilometer 2D seismic program on Block 14-50, onshore Thailand. The
seismic data was acquired in the north Phetchabun sub- basin by CNPC subsidiary,
BGP Inc of China and is being processed in Calgary by CCG Veritas. 


The objective is to identify drillable prospects by maturing one or more of the
five leads previously confirmed by historic 2D seismic data. OOI's technical
team will now follow up with detailed interpretation in order to better
determine the location of its first exploration well on this concession.


To highlight the program's success, OOI's President & CEO Luc Desmarais
remarked, "I'm very encouraged by the results of the program to date. After the
new data has been processed and interpreted, our plan is to drill the most
prospective targets to identify the presence of an active petroleum system, a
very positive development for the Company and its shareholders."


About Oil Optimization

Oil Optimization Inc. (TSX VENTURE:OOI) is a Canadian listed international
junior oil and gas exploration company with operations located onshore Thailand.
OOI currently holds interests in three exploration blocks, being a 100% interest
in Block L3/50; a 100% interest in Block L14/50, which is subject to a farm-out
to Rockstone Petroleum Limited who can acquire up to a 60% interest; and a 100%
interest in Block L9/48. The Company is focused on exploring and developing each
of these blocks as well as seeking accretive acquisitions in the region. Visit
www.oilop.com for more information.


Forward-Looking Statements

This news release may contain 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Oil Optimization Inc.
Christopher Serin
Chief Financial Officer
(604) 628-7124
info@oilop.com
www.oilop.com

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