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Gold/Mining/Energy : OME/vse... Oromin Explorations Ltd -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (2)	4/10/1998 2:30:00 PM
From: Ed Pakstas	Respond to of 12

CIMA... Thanks for the info...Something to watch out for... I just went through SW... Find no indications of any financing's as yet... It does own 25% of JV project in the SVB along with NDE and DML... ...ed

To: CIMA who wrote (2)	4/10/1998 2:37:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 12

Just got this off of Sedar: OROMIN EXPLORATIONS LTD. (formerly BIRCHWOOD VENTURES LTD.) (the "Company") MANAGEMENT DISCUSSION FOR THE QUARTER ENDED NOVEMBER 30, 1997 During the quarter ended November 30, 1997, the Company was advised by joint venture partner and operator, NDT Ventures Ltd. that drilling was completed for drill hole #27-13 on Project 13-2 in the Staghorn Lake area, approximately 75 km north of Voisey Bay, Labrador. The hole was spotted to test an audiomagnetotelluric conductor, located 700 - 1000 meters in depth, associated with a surface mapped troctolite pluton and the western edge of an 8 mgal gravity high anomaly. Drilling showed that the troctolite body is 330 meters thick and is underlain by foliated leuconorite to norite and massive anorthosite. The drill hole was terminated in vuggy coarse to pegmatitic anorthosite at 1094 meters. The hole was abandoned due to reaching the depth capacity of the drill and the audiomagnetotelluric conductor remains unexplained. Sulphides throughout the hole range from trace to 1%, with local zones up to 3% near the bottom of the hole. No mineralization was intersected and no further drilling is planned at this time. The Company is continuing with its ongoing search for a project of merit, but did not acquire any such project during the quarter. Liquidity and Capital Resources The Company's mineral exploration activities have been funded through the sale of share capital. In order to facilitate the raising of additional funds, at the Annual General Meeting, management sought shareholder approval for a one for five consolidation of the Company's shares. Shareholders approved this consolidation. The name change to Oromin Exploration was also approved at this meeting. The shares commenced trading in this basis on September 30, 1997. With this share consolidation, the Company expects that it will continue to be able to utilize this sale of share capital source of financing until it develops cash flow from its operations. However, there is no assurance that such financing can be obtained by the Company and the failure to obtain such financing will result in the curtailment of any exploration activities until such financing is obtained. Should the Company acquire an additional exploration project of merit during the year, it is likely the Company will require additional financing during the upcoming fiscal year. Other than as discussed herein, the Company is not aware of any trends, demands, commitments, events or uncertainties that may result in its liquidity either materially increasing or decreasing at present or in the foreseeable future. Material increases or decreases in the Company'' liquidity will be substantially determined by the success or failure of any exploration work the Company may carry out. The Company does not have any investor relations contracts in place and did not enter into any during the quarter. The Company's directors and officers deal with all investor relation matters.