Oil Optimization Inc Releases Annual Audited Consolidated Financial Statements


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TSX.V:OOI
05/01/2014 [ACCESSWIRE]

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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