Come on Baby Light My Fire! - Revisiting Oromin Explorations

We just completed an article titled “Exciting Junior Mining Companies for 2007” posted on Goldseek on January 27, 2007. We believe that gold is going to begin picking up the pace as is silver, and its time to highlight some of the companies we just listed as our “top picks”. I listed the choices simultaneously so investors could acquire a sense of the variety and diversity of the companies. I also wanted to “throw them all into the ring” at once so people could make their own determinations after performing their own due diligence. Even though these companies are different in a multitude of ways, the one thing I believe they all have in common is the possibility of doubling in price at some point during the next 12 months. For you the investor, they are all at the starting line at the same time. However, I certainly have my favorites as do many of you.

Over the next several months, I’d like to highlight each of them. At that point, I am planning on creating a simple template in order to track these companies over the next year or so. There may be more companies added to the list as we move forward. There are probably four or five dozen high quality junior explorers that deserve our attention. We shall endeavor to list many of them all in due time.

There is one thing I want you to consider and that is simply that fortunes are going to be made in this sector in 2007. Hence the title for Oromin from the old “Doors” song, “Come On Baby Light My Fire!” I would hope that you put yourselves in a position to create that success. Junior mining companies by their very nature are high risk-high reward scenarios. There is no getting around that fact. But if one chooses companies carefully, and takes into consideration so many different factors from the investment sector to the international geopolitical situation to the stability of the country in which the program is being undertaken to the management, projects and on and on; then one can certainly create better odds for themselves. Above all other things perform your own due diligence. Do your homework. I am trying to lead you to the water, but I cannot make you drink.

Oromin Explorations has the Potential to Meet all of our Requirements for Success!

Oromin was listed as the number one company because I believe it has the potential to become a world class discovery. Attached is a chart of OLE covering the past year and you can see over the past three months that volume has picked up and we have a series of higher highs and higher lows.

I’ve been following OLE for about three years now and I’d like to draw your attention to four articles I‘ve written about the company. These will serve as solid background material and bring you up to speed regarding the basics of the company. All are in my archives on Goldseek.com. Scroll to the bottom of any article listed in my column, Series 950, and you will see the archives. Click on either section and you will be able to locate the articles by date. Peter has been gracious enough to keep the archives posted even though his site is extremely busy and getting busier. I thank him for that consideration. Here are the articles listed from the present backwards to the beginning.

I began writing seriously about OLEPF when it was about $.40 US (forty cents). At $1.75US +/-, it is my opinion that this company is just starting to move again and that 2007 is going to be an excellent year for the company. All the quintessential elements necessary for success are present. As a future point of reference, allow me to list a few of them for you.

1. They have three projects, the prime one being Sabodala, in Senegal Africa. It is a huge 230 square kilometer land package (about 140 square miles) that hosts a plethora of gold zones and drill targets. That is a very large property ideally situated in a stable country and right next door to another company, MDL, with a 1,000,000 ounce gold resource. Realistically, only a small portion of the 140 square miles has been explored to date. For the record, MDL has approximately one-tenth the land mass of OLE.

2. Oromin also has in its portfolio, an oil and gas play in

Argentina

called the Santa Rosa Dome. They also have an interest in the Carneirinho Gold Project in North Central Brazil.

3. The Drill Programs at Sabodala are aggressive, meaning that they are pushing forward as fast as equipment and manpower will allow. With approximately $15M US in the bank, I believe we will be witness to a constant flow of positive news coming forth from the project in 2007. Remember that 2006 was an excellent year.

4. The following should be household names according to a trusted geologist involved with the project and who is a friend of mine. He makes an excellent point because these zones are enormous and the results to date have been most positive.

5. Oromin has experienced management that have been involved with huge mining successes in the past. Successes such as Eskay Creek and Hemlo come to mind.

Golouma, Niakafiri, Masato are the three gold zones that have produced excellent drill results to date. Through a series of infill drilling and step out programs, the company continues on the road to delineating a major gold deposit.

I’m not going to rewrite the four articles listed above, but I will say that if you are remotely interested in this company, I would suggest printing out those four articles found in my archives and review them. I did, and found them to be an excellent refresher course. What is really amazing is how much work has been completed on this project in just a little over a year and a half. Chet Idziszek, David Mallo, and his team have pulled out all the stops to move this project along. David Scott is directing the IR campaign and has just recently returned from the property along with Messrs. Idizeszek, and Mallo and their teams. There is excitement in the air!

Since the inception of this project, they’ve done exactly what they’ve said they were going to do and they’ve been consistently hitting their marks. They may even be a bit ahead of schedule.

Most importantly, I want you to understand that insiders and employees own approximately 35% of the company. That tells me that insiders have a large vested interest in this project and it is still only two years old in terms of the work program. When gold gets popping, we are going to see some of these very high quality gold projects in the $25 to $50 range. The Newmonts and the Barricks are going to be in the $150 range. It will continue to be proportional but I tell you again and again that fortunes, real fortunes in the millions and millions of dollars are going to be made in this market.

Old school geologists believe that if they work a project properly and in an orderly sequence, the market will come to them. It may take a bit more time, but if one is in the possession of a world class discovery, the market will eventually take note. This is one of those projects.

It is my opinion and the opinion of many other people who are infinitely more in tune with the junior mining exploration business than I, that Oromin Explorations has the potential to be a world class discovery. Peter Grandich just named it his number one pick in the Junior Mining Sector. If you care to tune in to Rob TV on Friday, January 26, 2007 at 7:55 PM, you can hear his presentation. To date, the data is proving us all correct. Below is the latest press Oromin Press Release as of January 18, 2007. Please take note of the far right column or the g/t data.

Before we get to this PR below, I want you consider two things. The first is that MDL or Mineral Deposits Limited is a Company out of

Australia

that has a property contiguous to Sabodala. It is of a much smaller scale and they have proven up a resource in the vicinity of a million ounces of gold. I’ve mentioned this before but I’m reiterating it because the two properties are literally “connected at the hip”.

The second is that when we first started covering Oromin in September of 2005, the share price was in the vicinity of $.40 US. Today the price is in the vicinity of $1.75 so we’re looking at about a 300% increase. I believe that with the work being undertaken and with the progress being made in Sabodala, this could just be the beginning of a major move forward both in share price and in terms of the progress being made on the project.

Those are but a few of the reasons why I’m putting Oromin at the top of my list now and why it’s been there for so long. Remember, that I am employed by the company; the same company that also controls Madison Minerals, and Lund Gold. I am a very big believer in Madison Minerals and have been for five years or so. I’m telling you this so you realize that I’ve followed these companies carefully for a very long time and patience has been required. But that is simply the nature of this business. Patience, Patience, and more Patience and then all heck breaks loose. I believe that we are at that point when all heck is going to break loose, on Oromin, on Madison, and on many of the companies I've listed. Some of which I work for and some of which I do not.

To conclude this section, in addition to what I am reading on their site (www.oromin.com), I am also listening to some very qualified geologists who believe that Oromin is on its way to becoming a world class discovery. If that is indeed the case, then a $2.00 US price range is just the beginning. So far they have not disappointed us. I would not quibble over quarters or even half-dollars at this point in time. I have a very strong feeling that this company is still going to be a buy at $5.00 US because of the ongoing drilling results. I cannot possibly be any more bullish. Do not take my word for it; perform your own due diligence. If you have any additional questions feel free to email me at consulting@seacoastpub.com and I’ll either answer them as best I can or point you in the right direction.

I’m including this Press Release because I feel it is one of the most important to date. It can also be found on the www.oromin.com web site.

INITIAL RC DRILL RESULTS CONFIRM AND EXPAND CONTINUITY OF GOLOUMA SOUTH GOLD MINERALIZATION

Oromin Explorations Ltd. has received results for the initial 10 reverse circulation drill holes at its Sabodala property in eastern Senegal. All 10 holes were drilled at the Golouma South gold zone just prior to the Christmas break.

The following table outlines the significant results from the infill and step-out reverse circulation drilling at Golouma South. Previous core drilling has returned results that included 23 metres at 6.64 grams per tonne gold in hole DH-11, 17 metres at 7.06 g/t gold in DH-14, nine metres at 9.7 g/t gold in DH-43 and 16 metres at 4.99 g/t gold in DH-61. (See previous releases for details).

Getting Under Way With Drilling

Samples Ready for Lab

All RC drill holes assay intervals are based on one-meter sample composites within the mineralized zone. The attitude of mineralized intervals varies and may not represent true widths.

These new drill results confirm and expand the lateral and depth continuity of gold mineralization previously identified at Golouma South by both excavator trenching and diamond core drilling. Combined trenching, core and RC drilling results have now intersected the Golouma South gold zone mineralization over a minimum 400-metre strike extent. The Golouma South gold zone remains open to expansion, especially to the south where RC-10, the southernmost hole completed to date, intersected nine meters at 24.58 g/t gold. RC drilling is continuing up dip, down dip and along trend to the south of Oromin hole RC-10 using a 40-metre grid and drill hole spacing leading toward the undertaking of a future resource study.

Drilling restarted at Sabodala on Jan. 11, 2007. Oromin is presently drilling with two core rigs and one reverse circulation rig and has sourced additional reverse circulation rigs that are expected to arrive at Sabodala in the first half of 2007. The two diamond core rigs are presently drilling at the recently discovered Golouma Northeast and Maki Medina zones and the reverse circulation drill rig is at Golouma South. The RC drill rigs will focus on 40-metre centre drilling of known mineralized zones as a precursor to future resource calculations whereas the diamond core rigs will be used to broadly define the lateral and vertical extent of gold zones and deeper drilling requirements. Upcoming drilling will be directed at Niakafiri South, Masato, Golouma West as well as more recent discoveries at Sabodala North, Masato North, Sekoto and Kinemba.

Fieldwork was carried out under the supervision of Gerald McArthur, PGeo, a qualified person for the purposes of National Instrument 43-101, who has also verified the data disclosed in this news release. TSL Laboratories in Saskatoon, Sask., carried out all assaying.

Don’t forget, Oromin was awarded this concession in early 2004 in a highly competitive, open bidding process participated in by many high profile gold companies. In just two and a half short years, they have gone from zero to sixty. In other words, the targets and zones mentioned above have been developed in only several years. When combined with all the IP Surveys, trenching, mapping, surface sampling, and all of the other components that go into developing a project, this project is just now hitting its stride.

On December 7, 2006, the company announced the closing of private placements in the amount of $15 million Canadian. Over and above that they raised additional funds giving them some $18 million dollars with which to work over the next several years.

I don’t know if the market hasn’t been paying attention or if the market has simply been in hibernation but with the results being released, I should think that the share price should be considerably higher than where it is. That’s just my opinion.

For instance, as per a Press Release dated January 18, 2006—about ten days ago, and inserted above, OLE drilled 24.58 g/t Gold over nine meters at Sabodala. But more importantly, Initial RC Drill Results confirmed and expanded the continuity of the Golouma South Gold Mineralization. This is big news because they are exponentially expanding the perceived deposit.

As per that release: Drilling restarted at Sabodala on Jan. 11, 2007. Oromin is presently drilling with two core rigs and one reverse circulation rig and has sourced additional reverse circulation rigs that are expected to arrive at Sabodala in the first half of 2007. The two diamond core rigs are presently drilling at the recently discovered Golouma Northeast and Maki Medina zones and the reverse circulation drill rig is at Golouma South.

The RC drill rigs will focus on 40-metre centre drilling of known mineralized zones as a precursor to future resource calculations whereas the diamond core rigs will be used to broadly define the lateral and vertical extent of gold zones and deeper drilling requirements. Upcoming drilling will be directed at Niakafiri South, Masato, Golouma West as well as more recent discoveries at Sabodala North, Masato North, Sekoto and Kinemba.

Working our way backwards to December 21, 2006, The Company drilled 65 meters of 7.83 g/t Gold at Goloma West.

Working back still further, I’d like to for you to take special note of the Press Release Dated June 19, 2006 titled Additional Drilling Success at Sabodala. Not only is this PR telling us about the 65 meters grading 7.83 G/T Gold , we also have the benefit of a map at the end of the release that puts all the zones into perspective on this 230 kilometer square property. Correlating to this PR is the article I wrote titled Oromin Explorations, “Bang the Drum Louder”.

It is necessary to go at this story as one might read a good mystery novel. All the parts of the puzzle have to be understood and we, the investors, have to take the time to keep reviewing where and in which direction the field generals are taking the project. It takes time, but in the end, it could conceivably pay off very handsomely if you just take the time. This is a project that warrants your personal efforts.

I’m not one much given to over promotion and hyperbole but I think given the track record of this company and this project in particular, one should seriously consider OLEPF for their portfolio. OLEPF has the potential to be a world class discovery and the group is diligently working in that direction. They are now “cashed up”, have an excellent staff of geologists on and off the property, and have exploration results that have come fast and furiously over the past year or so. Those results have been exceptional. I am told that three drills will be turning “24/7” and that 2007 should offer us results in a very steady fashion. There is talk of a fourth drill being in operation within the next several months.

This is a company with a future so bright it would appear they need “shades”. Currently, the market is giving them a valuation of about $2.00 per share. If and when we look back on this article when the share price is at $5.00 or better, we might suffer a bit of consternation.

Special thanks to Maureen MacPherson of Colourworks for the included photos. Ms. Macpherson is based out of Vancouver, Canada, has her own design company and can be reached at colourworks@telus.net The photos were taken on a recent visit to “Camp Sabodala”

Disclosure and Disclaimer by the Author: In the spirit of full disclosure, although D. Stewart Armstrong, Seacoast Consulting, and or Seacoast Publishing, are independent entities, they may be employed by this particular company, may own shares in this company, and this company may be an advertiser on GoldSeeek.com which is an internet site in which the author is consistently involved. Although the author is an independent analyst, he is also a paid consultant by the Junior Mining and Exploration Sector. The author is a private investor in the precious metals markets. He is not a board qualified or licensed investment advisor. All material is deemed to be accurate and to have been gleaned from reliable sources in a timely fashion; but said material cannot be construed as being totally complete or absolute. Consequently, the aforementioned parties can take no responsibility for any investment decisions you make or the results thereof. The author does not accept responsibility for any possible errors in calculations disseminated by any company he represents or in which he is involved, nor does he guarantee or insinuate any type of investment results. Consider any and all recommendations as personal opinions on the part of the author. It is highly recommended, and even insisted by the author, that investors, individuals, and all interested parties, conduct their own due diligence before becoming involved in any investment or with the interests of any company mentioned. That process would include direct contact with the company to confirm any facts, opinions, or ideas represented by these companies in general or on any Company CD’s distributed and referred to in these articles. The author would suggest the possibility of hiring professional advice from a certified investment advisor before making any investment transactions. Again, please consider these articles as opinions and please understand that investing in Junior Mining Companies is a high-risk, high reward proposition and you must take full responsibility for your own actions because there is always the possibility of losing all or a portion of your investment capital. This disclaimer applies to this article, Email correspondences, and all communications with both public and private entities. This disclaimer is applicable to all articles and communications published previously and to ones to be published in the future.


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