Oil Optimization Inc.

Oil Optimization Inc.

October 31, 2012 08:30 ET

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

BANGKOK, THAILAND--(Marketwire - Oct. 31, 2012) - 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.

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.

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